Jacobs Levy Equity Management Inc. Reduces Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Jacobs Levy Equity Management Inc. lessened its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 92.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 48,011 shares of the online travel company’s stock after selling 550,780 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Expedia Group were worth $8,946,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EXPE. Gotham Asset Management LLC grew its holdings in shares of Expedia Group by 15.6% during the fourth quarter. Gotham Asset Management LLC now owns 143,738 shares of the online travel company’s stock worth $26,783,000 after purchasing an additional 19,430 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Expedia Group during the fourth quarter worth about $20,493,000. Foyston Gordon & Payne Inc grew its holdings in shares of Expedia Group by 0.3% during the fourth quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company’s stock worth $4,124,000 after purchasing an additional 74 shares during the last quarter. Ethic Inc. grew its holdings in shares of Expedia Group by 11.3% during the fourth quarter. Ethic Inc. now owns 24,285 shares of the online travel company’s stock worth $4,525,000 after purchasing an additional 2,475 shares during the last quarter. Finally, CoreCap Advisors LLC grew its holdings in shares of Expedia Group by 194.3% during the fourth quarter. CoreCap Advisors LLC now owns 412 shares of the online travel company’s stock worth $77,000 after purchasing an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $169.37 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The company has a market cap of $21.82 billion, a P/E ratio of 18.71, a PEG ratio of 0.92 and a beta of 1.62. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $207.73. The company has a 50-day moving average price of $160.92 and a 200 day moving average price of $175.87.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the business posted $0.21 earnings per share. Expedia Group’s revenue was up 3.4% on a year-over-year basis. Research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. Expedia Group’s payout ratio is 18.87%.

Insider Activity

In related news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group 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 transaction, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. The trade was a 6.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Morgan Stanley dropped their price objective on Expedia Group from $190.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Oppenheimer dropped their price objective on Expedia Group from $230.00 to $210.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. StockNews.com lowered Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Monday, May 5th. BMO Capital Markets raised their price target on Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. lowered their price target on Expedia Group from $205.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $187.88.

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.