Summit Trail Advisors LLC Invests $688,000 in Expedia Group, Inc. (NASDAQ:EXPE)

Summit Trail Advisors LLC acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 3,692 shares of the online travel company’s stock, valued at approximately $688,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Grove Bank & Trust boosted its holdings in shares of Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after buying an additional 142 shares during the period. Venturi Wealth Management LLC lifted its position in Expedia Group by 709.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after acquiring an additional 291 shares in the last quarter. Brooklyn Investment Group acquired a new position in Expedia Group in the 3rd quarter worth $51,000. Golden State Wealth Management LLC acquired a new position in Expedia Group in the 4th quarter worth $72,000. Finally, UMB Bank n.a. increased its holdings in Expedia Group by 14.8% during the 4th quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock worth $91,000 after purchasing an additional 63 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXPE has been the topic of a number of research reports. Wells Fargo & Company boosted their price target on Expedia Group from $168.00 to $199.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Benchmark restated a “buy” rating and issued a $200.00 target price on shares of Expedia Group in a research note on Tuesday, February 4th. Oppenheimer raised their price target on shares of Expedia Group from $210.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Baird R W raised shares of Expedia Group to a “strong-buy” rating in a research report on Wednesday, November 27th. Finally, 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. Nineteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $192.64.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $197.19 on Wednesday. The stock has a 50 day simple moving average of $182.78 and a 200 day simple moving average of $161.36. The stock has a market cap of $25.31 billion, a P/E ratio of 21.79, a PEG ratio of 0.82 and a beta of 1.82. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year high of $207.73. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a return on equity of 55.42% and a net margin of 9.01%. Research analysts anticipate that Expedia Group, Inc. will post 10.75 earnings per share for the current year.

Expedia Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a $0.40 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 0.81%. This is an increase from Expedia Group’s previous quarterly dividend of $0.34.

Insiders Place Their Bets

In other news, Director Dara Khosrowshahi sold 10,000 shares of the company’s 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 sale, the director now directly 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 SEC, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the transaction, the insider now owns 85,250 shares in the company, valued at $15,345,000. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,951 shares of company stock worth $5,174,510 in the last quarter. 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.