Frank Rimerman Advisors LLC Takes $223,000 Position in Expedia Group, Inc. (NASDAQ:EXPE)

Frank Rimerman Advisors LLC acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 1,197 shares of the online travel company’s stock, valued at approximately $223,000.

Other large investors have also modified their holdings of the company. Handelsbanken Fonder AB boosted its holdings in shares of Expedia Group by 17.8% in the fourth quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company’s stock valued at $5,729,000 after acquiring an additional 4,656 shares during the period. Caprock Group LLC lifted its holdings in shares of Expedia Group by 33.7% during the third quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock worth $1,508,000 after purchasing an additional 2,569 shares during the period. Teamwork Financial Advisors LLC acquired a new stake in shares of Expedia Group during the fourth quarter worth $1,791,000. Integrated Investment Consultants LLC acquired a new stake in shares of Expedia Group during the third quarter worth $527,000. Finally, Clare Market Investments LLC acquired a new stake in shares of Expedia Group during the fourth quarter worth $319,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXPE has been the subject of several recent research reports. Oppenheimer decreased their price target on Expedia Group from $235.00 to $230.00 and set an “outperform” rating for the company in a report on Monday. Wedbush reaffirmed 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. StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 15th. Baird R W upgraded Expedia Group to a “strong-buy” rating in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company increased their price objective on Expedia Group from $168.00 to $199.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Nineteen analysts have rated the stock with a hold rating, eleven have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $193.43.

Expedia Group Stock Up 2.6 %

Shares of NASDAQ:EXPE opened at $166.36 on Tuesday. The stock’s 50-day moving average price is $184.55 and its two-hundred day moving average price is $172.08. The company has a current ratio of 0.72, a quick 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 $21.44 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 0.92 and a beta of 1.83.

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 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%. On average, research analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. This is a positive change 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%.

Insiders Place Their Bets

In other news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group 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 of the company’s stock, valued at $26,912,563.95. The trade was a 5.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the transaction, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,000 shares of company stock valued at $4,577,900. Insiders own 6.80% of the company’s stock.

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.