New Age Alpha Advisors LLC Purchases New Stake in Expedia Group, Inc. (NASDAQ:EXPE)

New Age Alpha Advisors LLC acquired a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 21,614 shares of the online travel company’s stock, valued at approximately $4,027,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Expedia Group in the fourth quarter worth $670,565,000. Windacre Partnership LLC boosted its position in Expedia Group by 49.5% during the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after purchasing an additional 1,431,500 shares during the last quarter. Alkeon Capital Management LLC grew its stake in Expedia Group by 46.3% in the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after purchasing an additional 498,934 shares in the last quarter. KBC Group NV raised its stake in shares of Expedia Group by 326.9% during the 4th quarter. KBC Group NV now owns 293,482 shares of the online travel company’s stock worth $54,685,000 after purchasing an additional 224,732 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Expedia Group by 193.3% during the 4th quarter. Teacher Retirement System of Texas now owns 340,171 shares of the online travel company’s stock worth $63,384,000 after purchasing an additional 224,182 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Truist Financial increased their price objective on Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, March 12th. Melius upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price target on the stock in a research note on Monday, January 6th. Morgan Stanley lifted their price objective on shares of Expedia Group from $180.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Argus increased their target price on shares of Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Citigroup boosted their price target on Expedia Group from $200.00 to $217.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Nineteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $193.43.

Expedia Group Price Performance

Expedia Group stock opened at $168.10 on Friday. The business has a 50 day simple moving average of $182.46 and a 200 day simple moving average of $173.86. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $21.66 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 0.92 and a beta of 1.83. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share 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%. On average, sell-side analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

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

Insider Activity at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the completion of the sale, the director now owns 158,505 shares in the company, valued at $26,912,563.95. The trade was a 5.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 5,000 shares of Expedia Group 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 of the company’s stock, valued at $15,325,061.40. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $4,577,900 over the last quarter. Corporate insiders own 6.80% of the company’s stock.

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.