Golden State Wealth Management LLC Buys New Position in Expedia Group, Inc. (NASDAQ:EXPE)

Golden State Wealth Management LLC purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 386 shares of the online travel company’s stock, valued at approximately $72,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Grove Bank & Trust raised its holdings in shares of Expedia Group by 676.2% in the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after purchasing an additional 142 shares in the last quarter. Venturi Wealth Management LLC grew its position in Expedia Group by 709.8% in the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after buying an additional 291 shares during the last quarter. Brooklyn Investment Group acquired a new position in Expedia Group in the third quarter worth approximately $51,000. UMB Bank n.a. increased its holdings in shares of Expedia Group by 14.8% in the fourth quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock valued at $91,000 after buying an additional 63 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Expedia Group by 299.3% during the 4th quarter. Versant Capital Management Inc now owns 559 shares of the online travel company’s stock valued at $104,000 after acquiring an additional 419 shares during the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the sale, the insider now directly owns 85,250 shares of the company’s stock, valued at $15,345,000. This represents a 2.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the transaction, the director now owns 158,505 shares in the company, valued at approximately $26,912,563.95. The trade was a 5.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,951 shares of company stock valued at $5,174,510 in the last 90 days. 6.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXPE. Barclays boosted their target price on Expedia Group from $166.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Friday. The Goldman Sachs Group boosted their price objective on Expedia Group from $208.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, January 10th. BMO Capital Markets raised their target price on shares of Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a report on Monday. HSBC upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 price target on the stock in a report on Friday. Finally, Susquehanna raised their price objective on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research note on Monday. Nineteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $190.07.

Expedia Group Trading Up 0.3 %

Shares of NASDAQ:EXPE opened at $203.00 on Tuesday. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The firm has a fifty day moving average price of $182.42 and a 200 day moving average price of $160.81. The stock has a market capitalization of $26.06 billion, a PE ratio of 22.43, a P/E/G ratio of 0.82 and a beta of 1.82.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 55.42%. Analysts expect that Expedia Group, Inc. will post 10.75 EPS for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a dividend of $0.40 per share. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.60 annualized dividend and a yield of 0.79%.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.