Proficio Capital Partners LLC Buys Shares of 94,469 Expedia Group, Inc. (NASDAQ:EXPE)

Proficio Capital Partners LLC purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 94,469 shares of the online travel company’s stock, valued at approximately $17,602,000. Proficio Capital Partners LLC owned about 0.07% of Expedia Group at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EXPE. Wealth Enhancement Advisory Services LLC increased its stake in Expedia Group by 7.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,030 shares of the online travel company’s stock valued at $1,485,000 after buying an additional 696 shares during the period. First Trust Direct Indexing L.P. boosted its holdings in shares of Expedia Group by 45.5% in the third quarter. First Trust Direct Indexing L.P. now owns 2,620 shares of the online travel company’s stock valued at $388,000 after acquiring an additional 819 shares in the last quarter. US Bancorp DE increased its stake in shares of Expedia Group by 23.9% during the third quarter. US Bancorp DE now owns 14,103 shares of the online travel company’s stock worth $2,088,000 after acquiring an additional 2,725 shares during the period. Van ECK Associates Corp raised its holdings in Expedia Group by 11.6% during the third quarter. Van ECK Associates Corp now owns 38,606 shares of the online travel company’s stock worth $6,114,000 after purchasing an additional 4,011 shares in the last quarter. Finally, Fernwood Investment Management LLC acquired a new stake in Expedia Group in the third quarter valued at about $207,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Trading Up 2.3 %

NASDAQ EXPE opened at $197.96 on Friday. The company has a market cap of $25.51 billion, a P/E ratio of 21.87, a P/E/G ratio of 0.92 and a beta of 1.82. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The company has a 50-day moving average of $187.15 and a 200-day moving average of $168.74.

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

Expedia Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a $0.40 dividend. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, March 6th. Expedia Group’s dividend payout ratio (DPR) is 17.68%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Hsbc Global Res upgraded Expedia Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. HSBC upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a research report on Friday, February 7th. Oppenheimer boosted their target price on shares of Expedia Group from $210.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Susquehanna upped their price target on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Finally, Morgan Stanley boosted their price objective on shares of Expedia Group from $180.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Nineteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $192.64.

Insider Activity at Expedia Group

In other news, Director Dara Khosrowshahi sold 10,000 shares of the firm’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 transaction, the director now directly owns 158,505 shares in the company, valued at $26,912,563.95. This trade represents a 5.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 74,502 shares of the company’s stock, valued at $15,325,061.40. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,000 shares of company stock worth $4,577,900. 6.80% of the stock is owned by 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.