OVERSEA CHINESE BANKING Corp Ltd Acquires Shares of 2,128 Expedia Group, Inc. (NASDAQ:EXPE)

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,128 shares of the online travel company’s stock, valued at approximately $396,000.

Other institutional investors also recently bought and sold shares of the company. SRH Advisors LLC acquired a new stake in Expedia Group in the fourth quarter valued at approximately $28,000. Grove Bank & Trust lifted its position in shares of Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after acquiring an additional 142 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Expedia Group by 75.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company’s stock valued at $51,000 after acquiring an additional 117 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Expedia Group in the third quarter valued at approximately $51,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Expedia Group in the fourth quarter valued at approximately $72,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on EXPE. The Goldman Sachs Group raised their target price on Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Wedbush restated a “neutral” rating and issued a $215.00 target price (up previously from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. Susquehanna raised their target price on Expedia Group from $190.00 to $205.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. BMO Capital Markets raised their target price on Expedia Group from $165.00 to $190.00 and gave the company a “market perform” rating in a research report on Monday, February 10th. Finally, Benchmark reiterated a “buy” rating and set a $200.00 price objective on shares of Expedia Group in a research report on Tuesday, February 4th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.43.

Expedia Group Trading Up 0.4 %

Shares of NASDAQ EXPE opened at $173.09 on Friday. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $207.73. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The stock has a fifty day simple moving average of $183.81 and a 200-day simple moving average of $172.27. The stock has a market capitalization of $22.30 billion, a PE ratio of 19.13, a PEG ratio of 0.92 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share 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%. On average, equities analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.92%. 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. Expedia Group’s payout ratio is presently 17.68%.

Insider Buying and Selling

In related news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the completion of 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 through this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 74,502 shares of the company’s stock, valued at $15,325,061.40. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $4,577,900 in the last three months. 6.80% of the stock is owned by corporate 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.