Wealthspire Advisors LLC Invests $229,000 in Expedia Group, Inc. (NASDAQ:EXPE)

Wealthspire Advisors LLC bought a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,227 shares of the online travel company’s stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SRH Advisors LLC acquired a new stake in shares of Expedia Group during the 4th quarter worth about $28,000. Grove Bank & Trust increased its holdings in shares of Expedia Group by 676.2% during the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after buying an additional 142 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Expedia Group by 709.8% in the third 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 during the last quarter. Brooklyn Investment Group bought a new position in shares of Expedia Group in the third quarter valued at approximately $51,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Expedia Group in the 4th quarter worth approximately $72,000. Institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

Expedia Group stock opened at $193.55 on Friday. The stock has a market cap of $24.94 billion, a PE ratio of 21.39, a P/E/G ratio of 0.92 and a beta of 1.82. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The business’s 50-day moving average price is $186.88 and its two-hundred day moving average price is $167.98. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $207.73.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data 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 52.41% and a net margin of 9.01%. As a group, analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid 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 dividend yield of 0.83%. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s dividend payout ratio (DPR) is presently 17.68%.

Insiders Place Their Bets

In related news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $169.79, for a total value of $1,697,900.00. Following the completion of the sale, the director now directly owns 158,505 shares of the company’s stock, valued at $26,912,563.95. The trade was a 5.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction 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 transaction, the insider now owns 74,502 shares in the company, valued at approximately $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,000 shares of company stock valued at $4,577,900. 6.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EXPE. BTIG Research raised their price target on shares of Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 8th. Melius raised Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Monday, January 6th. Hsbc Global Res upgraded Expedia Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. Citigroup raised their price target on Expedia Group from $200.00 to $217.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Finally, DA Davidson boosted their price objective on Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Nineteen equities research 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.64.

About Expedia Group

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.