M&T Bank Corp Reduces Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

M&T Bank Corp decreased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,578 shares of the online travel company’s stock after selling 1,048 shares during the period. M&T Bank Corp owned about 0.06% of Expedia Group worth $15,200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SRH Advisors LLC bought a new stake in shares of Expedia Group in the 4th quarter worth about $28,000. Grove Bank & Trust increased its position in shares of 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 during the last quarter. Venturi Wealth Management LLC increased its position in shares of Expedia Group by 709.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after purchasing an additional 291 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Expedia Group in the 3rd quarter worth about $51,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Expedia Group in the 4th quarter worth about $72,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction that occurred on 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 158,505 shares of the company’s stock, valued at approximately $26,912,563.95. The trade was a 5.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $4,577,900 in the last quarter. 6.80% of the stock is currently owned by corporate insiders.

Expedia Group Stock Up 1.2 %

Shares of NASDAQ:EXPE opened at $190.99 on Thursday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $24.61 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 0.92 and a beta of 1.82. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $207.73. The firm has a 50 day simple moving average of $187.25 and a 200 day simple moving average of $170.00.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 EPS 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%. As a group, research 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 declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, March 6th. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s dividend payout ratio is 17.68%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EXPE shares. UBS Group reissued a “neutral” rating on shares of Expedia Group in a research report on Tuesday, February 4th. HSBC raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a research report on Friday, February 7th. Susquehanna boosted their target price on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Benchmark reaffirmed a “buy” rating and issued a $200.00 price target on shares of Expedia Group in a report on Tuesday, February 4th. Finally, Hsbc Global Res raised shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. Nineteen analysts have rated the stock with a hold rating, eleven have given a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Expedia Group currently has an average rating of “Moderate Buy” and a consensus target price of $192.64.

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.