Cornercap Investment Counsel Inc. Has $1.79 Million Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Cornercap Investment Counsel Inc. lowered its position in Expedia Group, Inc. (NASDAQ:EXPE) by 13.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,612 shares of the online travel company’s stock after selling 1,443 shares during the period. Expedia Group accounts for 0.6% of Cornercap Investment Counsel Inc.’s portfolio, making the stock its 18th largest holding. Cornercap Investment Counsel Inc.’s holdings in Expedia Group were worth $1,791,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Windacre Partnership LLC lifted its position in Expedia Group by 49.5% during the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock worth $639,994,000 after buying an additional 1,431,500 shares in the last quarter. Norges Bank acquired a new position in shares of Expedia Group in the 4th quarter valued at $670,565,000. Geode Capital Management LLC boosted its position in shares of Expedia Group by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company’s stock worth $472,212,000 after purchasing an additional 20,005 shares during the last quarter. Alkeon Capital Management LLC grew its stake in shares of Expedia Group by 46.3% during the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after purchasing an additional 498,934 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Expedia Group by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 732,645 shares of the online travel company’s stock valued at $136,514,000 after purchasing an additional 10,332 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Susquehanna boosted their target price on Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Wedbush restated a “neutral” rating and set a $215.00 price objective (up previously from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Truist Financial increased their target price on shares of Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, March 12th. Barclays upped their price objective on shares of Expedia Group from $166.00 to $187.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, StockNews.com upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 15th. Nineteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $193.43.

Expedia Group Trading Down 0.6 %

Expedia Group stock opened at $168.10 on Friday. The stock has a 50-day simple moving average of $182.46 and a 200 day simple moving average of $173.86. The stock has a market capitalization of $21.66 billion, a P/E ratio of 18.57, a PEG ratio of 0.92 and a beta of 1.83. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $207.73.

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

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Expedia Group’s dividend payout ratio is presently 17.68%.

Insider Transactions at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on 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. This trade represents a 5.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the sale, the insider now directly owns 74,502 shares in the company, valued at approximately $15,325,061.40. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,000 shares of company stock worth $4,577,900. 6.80% of the stock is owned by insiders.

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.