Oarsman Capital Inc. Cuts Position in Expedia Group, Inc. (NASDAQ:EXPE)

Oarsman Capital Inc. trimmed its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 7.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,351 shares of the online travel company’s stock after selling 115 shares during the period. Oarsman Capital Inc.’s holdings in Expedia Group were worth $252,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. SRH Advisors LLC purchased a new position in Expedia Group during the fourth quarter valued at $28,000. Sava Infond d.o.o. purchased a new position in shares of Expedia Group in the 4th quarter worth about $28,000. Grove Bank & Trust boosted its stake in 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. Prudent Man Investment Management Inc. bought a new position in Expedia Group in the 4th quarter worth about $34,000. Finally, EverSource Wealth Advisors LLC increased its stake in Expedia Group by 75.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company’s stock valued at $51,000 after purchasing an additional 117 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total value of $1,697,900.00. Following 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the transaction, the insider now owns 74,502 shares of the company’s stock, 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. 6.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EXPE. Truist Financial lifted 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. Morgan Stanley upped their price objective on Expedia Group from $180.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. HSBC upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a research note on Friday, February 7th. BMO Capital Markets upped their price target on Expedia Group from $165.00 to $190.00 and gave the company a “market perform” rating in a report on Monday, February 10th. Finally, Bank of America upgraded Expedia Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $187.00 to $221.00 in a report on Wednesday, December 18th. Nineteen investment 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 stock. According to data from MarketBeat.com, Expedia Group has an average rating of “Moderate Buy” and a consensus price target of $193.43.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $141.86 on Friday. The stock has a market cap of $18.28 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 0.92 and a beta of 1.65. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73. The firm has a fifty day moving average price of $180.61 and a 200-day moving average price of $175.03. 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 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 return on equity of 52.41% and a net margin of 9.01%. Equities analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were issued a $0.40 dividend. The ex-dividend date was Thursday, March 6th. This is a boost from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. Expedia Group’s payout ratio is currently 17.68%.

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.