Kazazian Asset Management LLC Takes Position in Expedia Group, Inc. (NASDAQ:EXPE)

Kazazian Asset Management LLC purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 8,200 shares of the online travel company’s stock, valued at approximately $1,528,000. Expedia Group accounts for about 1.2% of Kazazian Asset Management LLC’s holdings, making the stock its 22nd biggest holding.

Several other hedge funds have also modified their holdings of the business. Harvest Fund Management Co. Ltd increased its stake in Expedia Group by 147.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 7,851 shares of the online travel company’s stock valued at $1,463,000 after purchasing an additional 4,683 shares in the last quarter. Vinva Investment Management Ltd increased its stake in Expedia Group by 583.2% in the 4th quarter. Vinva Investment Management Ltd now owns 87,563 shares of the online travel company’s stock valued at $16,352,000 after purchasing an additional 74,747 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Expedia Group in the 4th quarter valued at approximately $396,000. Xponance Inc. increased its stake in Expedia Group by 2.4% in the 4th quarter. Xponance Inc. now owns 29,761 shares of the online travel company’s stock valued at $5,545,000 after purchasing an additional 700 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in Expedia Group by 112.9% in the 4th quarter. Intech Investment Management LLC now owns 5,683 shares of the online travel company’s stock valued at $1,059,000 after purchasing an additional 3,014 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Trading Down 0.7 %

Shares of EXPE opened at $165.16 on Wednesday. The stock’s 50-day moving average is $184.20 and its two-hundred day moving average is $172.26. The stock has a market cap of $21.28 billion, a PE ratio of 18.25, a P/E/G ratio of 0.92 and a beta of 1.83. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. Equities analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s payout ratio is currently 17.68%.

Insiders Place Their Bets

In related news, 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 value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the transaction, the insider now owns 74,502 shares in the company, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $4,577,900 over the last quarter. 6.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EXPE shares. JMP Securities reaffirmed a “market perform” rating on shares of Expedia Group in a research note on Friday, February 7th. Wells Fargo & Company raised their price objective on Expedia Group from $168.00 to $199.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Truist Financial raised their price target on Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, March 12th. Morgan Stanley raised their price target on Expedia Group from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Finally, BMO Capital Markets raised their price target on Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a research report on Monday, February 10th. Nineteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, Expedia Group presently has a consensus rating of “Moderate Buy” and an average price target of $193.43.

Expedia Group Company Profile

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.