OMERS ADMINISTRATION Corp Has $2.52 Million Stake in Expedia Group, Inc. (NASDAQ:EXPE)

OMERS ADMINISTRATION Corp reduced its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 39.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,541 shares of the online travel company’s stock after selling 8,897 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Expedia Group were worth $2,523,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Minot DeBlois Advisors LLC acquired a new position in shares of Expedia Group during the fourth quarter worth about $27,000. SRH Advisors LLC acquired a new stake in Expedia Group in the 4th quarter valued at approximately $28,000. Sava Infond d.o.o. bought a new stake in Expedia Group in the 4th quarter valued at approximately $28,000. Grove Bank & Trust boosted its position in 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 acquiring an additional 142 shares during the last quarter. Finally, Prudent Man Investment Management Inc. acquired a new position in Expedia Group during the 4th quarter worth approximately $34,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. DA Davidson boosted their price objective on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Hsbc Global Res upgraded shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. B. Riley restated a “buy” rating and set a $235.00 price objective (up from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $210.00 target price (up previously from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. Finally, Piper Sandler lowered Expedia Group from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $174.00 to $135.00 in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $187.88.

Expedia Group Stock Performance

EXPE opened at $169.22 on Thursday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The business has a fifty day simple moving average of $160.62 and a 200 day simple moving average of $175.82. 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 $21.81 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62.

Expedia Group (NASDAQ:EXPE) last announced its 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 business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the firm posted $0.21 EPS. The company’s revenue was up 3.4% compared to the same quarter last year. Research analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders 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 0.95%. Expedia Group’s payout ratio is presently 18.87%.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 directly owns 74,502 shares in the company, valued at approximately $15,325,061.40. The trade was a 6.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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.