Assetmark Inc. Has $4.70 Million Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Assetmark Inc. raised its position in Expedia Group, Inc. (NASDAQ:EXPE) by 35.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,196 shares of the online travel company’s stock after buying an additional 6,588 shares during the quarter. Assetmark Inc.’s holdings in Expedia Group were worth $4,695,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPE. Verdence Capital Advisors LLC grew its holdings in Expedia Group by 33.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 4,550 shares of the online travel company’s stock valued at $673,000 after buying an additional 1,145 shares in the last quarter. Oxbow Advisors LLC grew its holdings in shares of Expedia Group by 1.9% during the 3rd quarter. Oxbow Advisors LLC now owns 34,567 shares of the online travel company’s stock worth $5,117,000 after purchasing an additional 630 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Expedia Group during the 3rd quarter worth $118,000. Venturi Wealth Management LLC grew its holdings in shares of Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after purchasing an additional 291 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Expedia Group during the 3rd quarter worth $736,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 trade represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 158,505 shares of the company’s stock, valued at $26,912,563.95. This represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $4,577,900 over the last 90 days. Company insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

EXPE has been the topic of several analyst reports. BMO Capital Markets increased their target price on Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a report on Monday, February 10th. Melius raised Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Monday, January 6th. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of Expedia Group in a report on Tuesday, February 4th. DA Davidson increased their target price on Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, Argus increased their target price on Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Nineteen 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $192.64.

Expedia Group Price Performance

Shares of EXPE opened at $184.33 on Friday. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year 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 market capitalization of $23.75 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 0.92 and a beta of 1.83. The business has a 50-day moving average of $187.09 and a 200-day moving average of $170.70.

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

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. 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. Expedia Group’s dividend payout ratio (DPR) is 17.68%.

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.