US Bancorp DE Grows Stake in Expedia Group, Inc. (NASDAQ:EXPE)

US Bancorp DE raised its stake 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 14,257 shares of the online travel company’s stock after acquiring an additional 154 shares during the quarter. US Bancorp DE’s holdings in Expedia Group were worth $2,657,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SVB Wealth LLC purchased a new position in Expedia Group in the fourth quarter valued at about $433,000. Private Trust Co. NA boosted its stake in Expedia Group by 27.7% in the fourth quarter. Private Trust Co. NA now owns 1,402 shares of the online travel company’s stock valued at $261,000 after acquiring an additional 304 shares during the last quarter. QRG Capital Management Inc. purchased a new position in Expedia Group in the fourth quarter valued at about $351,000. Proficio Capital Partners LLC purchased a new position in Expedia Group in the fourth quarter valued at about $17,602,000. Finally, WT Wealth Management raised its position in shares of Expedia Group by 2.6% in the fourth quarter. WT Wealth Management now owns 11,938 shares of the online travel company’s stock valued at $2,224,000 after purchasing an additional 304 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on EXPE shares. BMO Capital Markets boosted their price target on shares of Expedia Group from $165.00 to $190.00 and gave the company a “market perform” rating in a research report on Monday, February 10th. Hsbc Global Res raised shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. Bank of America raised shares of Expedia Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $187.00 to $221.00 in a research report on Wednesday, December 18th. Oppenheimer boosted their price target on shares of Expedia Group from $210.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, B. Riley reissued a “buy” rating and issued a $235.00 price target (up previously from $220.00) on shares of Expedia Group in a research report on Friday, February 7th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.64.

Expedia Group Price Performance

Shares of Expedia Group stock opened at $184.07 on Friday. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $207.73. The stock has a market capitalization of $23.72 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 0.92 and a beta of 1.82. The company has a fifty day moving average of $187.12 and a 200-day moving average of $170.10. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. Equities research analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.40 dividend. This is a boost 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 dividend yield of 0.87%. Expedia Group’s dividend payout ratio is 17.68%.

Insider Activity

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the sale, the insider now owns 74,502 shares of the company’s stock, valued at $15,325,061.40. This represents a 6.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 25,000 shares of company stock valued at $4,577,900. Corporate insiders own 6.80% of the company’s stock.

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.