Kestra Investment Management LLC Takes Position in Expedia Group, Inc. (NASDAQ:EXPE)

Kestra Investment Management LLC acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,403 shares of the online travel company’s stock, valued at approximately $634,000.

Other institutional investors also recently modified their holdings of the company. SRH Advisors LLC bought a new stake in shares of Expedia Group in the 4th quarter valued at $28,000. Grove Bank & Trust boosted its stake 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 valued at $30,000 after purchasing an additional 142 shares during the last quarter. Venturi Wealth Management LLC boosted its stake 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 valued at $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 valued at $51,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Expedia Group in the 4th quarter valued at $72,000. 90.76% of the stock is owned by institutional investors.

Expedia Group Price Performance

EXPE opened at $204.21 on Wednesday. The firm has a market cap of $26.21 billion, a P/E ratio of 22.56, a PEG ratio of 0.82 and a beta of 1.82. The firm has a 50-day moving average of $184.07 and a 200 day moving average of $164.01. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $207.73.

Expedia Group (NASDAQ:EXPE) last posted its quarterly 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 net margin of 9.01% and a return on equity of 55.42%. On average, research analysts expect that Expedia Group, Inc. will post 10.75 EPS for the current year.

Expedia Group Increases Dividend

The business 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 dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.60 annualized dividend and a yield of 0.78%. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s dividend payout ratio is presently 17.68%.

Analyst Ratings Changes

A number of research analysts recently issued reports on EXPE shares. UBS Group boosted their target price on shares of Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Oppenheimer boosted their target price on shares of Expedia Group from $210.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Citigroup boosted their target price on shares of Expedia Group from $200.00 to $217.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Melius upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 target price on the stock in a research report on Monday, January 6th. Finally, DA Davidson boosted their target price on shares of Expedia Group from $190.00 to $205.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Nineteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.64.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 1,951 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction 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. This trade represents a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction dated 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 transaction, the director now owns 158,505 shares of the company’s stock, valued at $26,912,563.95. This represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,951 shares of company stock worth $3,900,580. 6.80% of the stock is owned by company insiders.

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.