Sumitomo Mitsui DS Asset Management Company Ltd Has $2.48 Million Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,304 shares of the online travel company’s stock after acquiring an additional 141 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Expedia Group were worth $2,479,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Caprock Group LLC grew its holdings in shares of Expedia Group by 33.7% during the 3rd quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock valued at $1,508,000 after purchasing an additional 2,569 shares during the last quarter. Teamwork Financial Advisors LLC acquired a new stake in Expedia Group in the fourth quarter valued at approximately $1,791,000. Cozad Asset Management Inc. grew its stake in shares of Expedia Group by 16.9% during the third quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company’s stock worth $4,562,000 after buying an additional 4,449 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Expedia Group by 13.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 649,716 shares of the online travel company’s stock worth $96,171,000 after buying an additional 75,120 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new position in shares of Expedia Group in the 3rd quarter valued at $527,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Bank of America upgraded Expedia Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $187.00 to $221.00 in a research report on Wednesday, December 18th. Barclays boosted their price target on Expedia Group from $166.00 to $187.00 and gave the stock an “equal weight” rating in a report on Friday. StockNews.com lowered shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Friday. UBS Group boosted their target price on shares of Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company raised their price target on shares of Expedia Group from $168.00 to $199.00 and gave the company an “equal weight” rating in a research note on Friday. Nineteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $190.07.

Insider Buying and Selling at Expedia Group

In related news, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the sale, the insider now owns 85,250 shares in the company, valued at $15,345,000. This represents a 2.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total value of $1,851,500.00. Following the transaction, the director now owns 168,505 shares of the company’s stock, valued at $31,198,700.75. This trade represents a 5.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,951 shares of company stock valued at $5,174,510. Corporate insiders own 6.80% of the company’s stock.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $203.00 on Tuesday. The business has a 50-day simple moving average of $182.42 and a 200 day simple moving average of $160.81. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market capitalization of $26.06 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 0.82 and a beta of 1.82.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data 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 55.42%. On average, research analysts anticipate that Expedia Group, Inc. will post 10.75 earnings per share for the current fiscal 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 dividend of $0.40 per share. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.60 annualized dividend and a yield of 0.79%.

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.