Great Lakes Advisors LLC Has $26.10 Million Position in Expedia Group, Inc. (NASDAQ:EXPE)

Great Lakes Advisors LLC reduced its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 140,048 shares of the online travel company’s stock after selling 6,575 shares during the period. Great Lakes Advisors LLC’s holdings in Expedia Group were worth $26,095,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Windacre Partnership LLC lifted its holdings in Expedia Group by 49.5% during the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after purchasing an additional 1,431,500 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Expedia Group by 22.5% during the 3rd quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock valued at $481,170,000 after purchasing an additional 596,510 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Expedia Group by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company’s stock valued at $472,212,000 after purchasing an additional 20,005 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Expedia Group by 9.4% during the 3rd quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock valued at $250,078,000 after purchasing an additional 144,579 shares during the last quarter. Finally, Alkeon Capital Management LLC lifted its holdings in Expedia Group by 46.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after purchasing an additional 498,934 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of the firm’s 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 sale, the insider now owns 74,502 shares in the company, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $1,851,500.00. Following the completion of the transaction, the director now owns 168,505 shares in the company, valued at approximately $31,198,700.75. The trade was a 5.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $4,577,900 in the last three months. Company insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EXPE shares. Wedbush reissued a “neutral” rating and set a $215.00 price target (up from $180.00) on shares of Expedia Group in a report on Friday, February 7th. UBS Group reaffirmed a “neutral” rating on shares of Expedia Group in a research note on Tuesday, February 4th. HSBC raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a research note on Friday, February 7th. Cantor Fitzgerald reissued a “neutral” rating and set a $210.00 price target (up from $180.00) on shares of Expedia Group in a research note on Friday, February 7th. Finally, Hsbc Global Res raised shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. Nineteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Expedia Group has a consensus rating of “Moderate Buy” and an average target price of $192.64.

Expedia Group Trading Down 7.3 %

Shares of EXPE stock opened at $163.75 on Wednesday. The company has a 50 day moving average of $186.44 and a 200-day moving average of $171.45. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $207.73. The firm has a market cap of $21.10 billion, a P/E ratio of 18.09, a PEG ratio of 0.92 and a beta of 1.82.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share (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%. Sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.98%. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, March 6th. Expedia Group’s dividend payout ratio (DPR) is presently 17.68%.

About Expedia Group

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.