ExodusPoint Capital Management LP Buys New Shares in Expedia Group, Inc. (NASDAQ:EXPE)

ExodusPoint Capital Management LP purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,657 shares of the online travel company’s stock, valued at approximately $1,613,000.

Several other hedge funds have also recently made changes to their positions in EXPE. SRH Advisors LLC bought a new stake in shares of Expedia Group during the 4th quarter valued at about $28,000. Sava Infond d.o.o. acquired a new position in Expedia Group in the fourth quarter valued at approximately $28,000. Grove Bank & Trust boosted its holdings in shares of Expedia Group by 676.2% during the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after buying an additional 142 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new stake in shares of Expedia Group during the 4th quarter worth approximately $34,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Expedia Group by 75.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company’s stock valued at $51,000 after acquiring an additional 117 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EXPE shares. BMO Capital Markets increased their target price on shares of Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a research note on Monday, February 10th. JMP Securities reissued a “market perform” rating on shares of Expedia Group in a research report on Friday, February 7th. The Goldman Sachs Group boosted their target price on Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, January 10th. UBS Group reaffirmed a “neutral” rating on shares of Expedia Group in a research note on Tuesday, February 4th. Finally, Melius Research raised Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Nineteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $191.43.

Expedia Group Stock Down 2.3 %

Shares of NASDAQ:EXPE opened at $136.63 on Wednesday. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73. The company has a market capitalization of $17.61 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.92 and a beta of 1.65. The business has a fifty day moving average price of $178.63 and a two-hundred day moving average price of $174.94. 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 posted its quarterly earnings results 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 net margin of 9.01% and a return on equity of 52.41%. Analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current 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. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 1.17%. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s dividend payout ratio (DPR) is presently 17.68%.

Insider Buying and Selling

In other news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on 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 completion of the transaction, the director now owns 158,505 shares in the company, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of the business’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 completion of the sale, the insider now owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently 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.