State Street Corp Purchases 95,845 Shares of Expedia Group Inc (NASDAQ:EXPE)

State Street Corp grew its position in shares of Expedia Group Inc (NASDAQ:EXPE) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,942,486 shares of the online travel company’s stock after buying an additional 95,845 shares during the quarter. State Street Corp owned 4.10% of Expedia Group worth $642,620,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Voloridge Investment Management LLC lifted its position in shares of Expedia Group by 2,614.5% during the 3rd quarter. Voloridge Investment Management LLC now owns 69,708 shares of the online travel company’s stock worth $9,369,000 after buying an additional 67,140 shares in the last quarter. Nomura Holdings Inc. lifted its position in shares of Expedia Group by 0.3% during the 3rd quarter. Nomura Holdings Inc. now owns 328,765 shares of the online travel company’s stock worth $44,051,000 after buying an additional 1,111 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Expedia Group by 276.8% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,517 shares of the online travel company’s stock worth $338,000 after buying an additional 1,849 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co bought a new position in shares of Expedia Group during the 3rd quarter worth approximately $6,721,000. Finally, New York State Teachers Retirement System lifted its position in shares of Expedia Group by 0.9% during the 3rd quarter. New York State Teachers Retirement System now owns 152,203 shares of the online travel company’s stock worth $20,458,000 after buying an additional 1,334 shares in the last quarter. 87.51% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on the stock. DA Davidson cut shares of Expedia Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $162.00 to $130.00 in a report on Thursday, November 7th. Oppenheimer cut shares of Expedia Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $160.00 to $110.00 in a report on Monday, November 11th. Goldman Sachs Group cut shares of Expedia Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $140.00 to $120.00 in a report on Thursday, January 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of Expedia Group in a report on Thursday, December 5th. Finally, TheStreet cut shares of Expedia Group from a “b” rating to a “c+” rating in a report on Monday, November 18th. One research analyst has rated the stock with a sell rating, twenty have given a hold rating and ten have given a buy rating to the company. Expedia Group presently has a consensus rating of “Hold” and a consensus target price of $138.60.

EXPE stock traded up $12.21 during midday trading on Monday, reaching $122.80. 10,382,889 shares of the company’s stock traded hands, compared to its average volume of 2,498,196. The company has a 50-day moving average price of $109.99 and a two-hundred day moving average price of $120.07. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.75 and a current ratio of 0.72. Expedia Group Inc has a 52 week low of $93.53 and a 52 week high of $144.00. The firm has a market capitalization of $17.79 billion, a PE ratio of 32.75, a price-to-earnings-growth ratio of 1.70 and a beta of 1.01.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, February 13th. The online travel company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.37. Expedia Group had a net margin of 4.68% and a return on equity of 13.15%. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.76 billion. As a group, analysts predict that Expedia Group Inc will post 5.56 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.34 per share. The ex-dividend date is Monday, March 9th. This represents a $1.36 dividend on an annualized basis and a yield of 1.11%. Expedia Group’s payout ratio is 27.70%.

In other Expedia Group news, Director Samuel H. Altman bought 20,000 shares of the stock in a transaction on Monday, November 25th. The shares were acquired at an average price of $98.83 per share, with a total value of $1,976,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Peter M. Kern bought 23,070 shares of the stock in a transaction on Friday, December 6th. The shares were acquired at an average cost of $108.80 per share, for a total transaction of $2,510,016.00. Following the acquisition, the insider now directly owns 90,907 shares in the company, valued at $9,890,681.60. The disclosure for this purchase can be found here. Insiders have acquired a total of 45,463 shares of company stock worth $4,739,508 in the last three months. Insiders own 2.10% of the company’s stock.

Expedia Group Company Profile

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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