Convergence Investment Partners LLC Boosts Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Convergence Investment Partners LLC boosted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 45.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,316 shares of the online travel company’s stock after acquiring an additional 2,617 shares during the quarter. Convergence Investment Partners LLC’s holdings in Expedia Group were worth $1,550,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Windacre Partnership LLC lifted its holdings in shares of Expedia Group by 49.5% in the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock worth $639,994,000 after buying an additional 1,431,500 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Expedia Group by 22.5% in the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock worth $481,170,000 after buying an additional 596,510 shares during the period. Alkeon Capital Management LLC lifted its holdings in shares of Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after buying an additional 498,934 shares during the period. KBC Group NV lifted its holdings in shares of Expedia Group by 326.9% in the 4th quarter. KBC Group NV now owns 293,482 shares of the online travel company’s stock worth $54,685,000 after buying an additional 224,732 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of Expedia Group by 9.4% in the 3rd quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock worth $250,078,000 after buying an additional 144,579 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $204.21 on Wednesday. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The company has a market cap of $26.21 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 0.82 and a beta of 1.82. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73. The business’s 50 day moving average price is $184.07 and its 200 day moving average price is $164.01.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 EPS 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%. On average, research analysts predict that Expedia Group, Inc. will post 10.75 EPS for the current year.

Expedia Group Increases Dividend

The business also recently disclosed 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. 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 dividend on an annualized basis and a yield of 0.78%. Expedia Group’s dividend payout ratio (DPR) is presently 17.68%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EXPE shares. Wedbush reiterated a “neutral” rating and issued a $215.00 target price (up from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Melius Research raised Expedia Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. JMP Securities reissued a “market perform” rating on shares of Expedia Group in a research report on Friday, February 7th. B. Riley reissued a “buy” rating and issued a $235.00 price target (up from $220.00) on shares of Expedia Group in a research report on Friday, February 7th. Finally, Oppenheimer boosted their price target on Expedia Group from $210.00 to $235.00 and gave the stock an “outperform” 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.64.

Insider Buying and Selling

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total value of $1,851,500.00. Following the sale, the director now owns 168,505 shares in the company, valued at $31,198,700.75. The trade was a 5.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Dzielak sold 1,951 shares of Expedia Group stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,951 shares of company stock worth $3,900,580. 6.80% of the stock is owned by corporate insiders.

Expedia Group Company 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.