Quinn Opportunity Partners LLC Takes Position in Expedia Group, Inc. (NASDAQ:EXPE)

Quinn Opportunity Partners LLC purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 118,538 shares of the online travel company’s stock, valued at approximately $22,087,000. Expedia Group makes up approximately 1.5% of Quinn Opportunity Partners LLC’s portfolio, making the stock its 10th largest holding. Quinn Opportunity Partners LLC owned about 0.09% of Expedia Group at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EXPE. Handelsbanken Fonder AB raised its holdings in shares of Expedia Group by 17.8% during the fourth quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company’s stock worth $5,729,000 after purchasing an additional 4,656 shares during the period. Teamwork Financial Advisors LLC acquired a new stake in Expedia Group during the fourth quarter worth about $1,791,000. Clare Market Investments LLC bought a new position in Expedia Group in the fourth quarter worth about $319,000. Nisa Investment Advisors LLC boosted its stake in Expedia Group by 17.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company’s stock valued at $11,180,000 after acquiring an additional 9,086 shares during the period. Finally, Cigna Investments Inc. New bought a new position in shares of Expedia Group during the fourth quarter valued at approximately $238,000. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EXPE has been the topic of several recent research reports. Truist Financial raised their price target on Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, March 12th. B. Riley reaffirmed a “buy” rating and issued a $235.00 target price (up from $220.00) on shares of Expedia Group in a research report on Friday, February 7th. JMP Securities reissued a “market perform” rating on shares of Expedia Group in a report on Friday, February 7th. HSBC upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a research report on Friday, February 7th. Finally, The Goldman Sachs Group lifted their price objective on shares of Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Nineteen 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $191.43.

Expedia Group Trading Down 7.5 %

Shares of EXPE opened at $149.52 on Friday. The business’s 50-day moving average price is $177.83 and its 200 day moving average price is $174.98. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $19.27 billion, a P/E ratio of 16.52, a P/E/G 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.

Expedia Group (NASDAQ:EXPE) last released its 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 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 company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.40 per share. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a yield of 1.07%. The ex-dividend date was Thursday, March 6th. Expedia Group’s payout ratio is 17.68%.

Insider Activity

In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’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 $26,912,563.95. This represents a 5.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 74,502 shares of the company’s stock, valued at $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.

Expedia Group 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.