Insight 2811 Inc. Invests $205,000 in Expedia Group, Inc. (NASDAQ:EXPE)

Insight 2811 Inc. purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,100 shares of the online travel company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. SRH Advisors LLC acquired a new position in Expedia Group during the 4th quarter worth approximately $28,000. Grove Bank & Trust boosted its stake 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 buying an additional 142 shares in the last quarter. Brooklyn Investment Group acquired a new position in Expedia Group during the third quarter worth $51,000. EverSource Wealth Advisors LLC raised its position in Expedia Group by 75.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company’s stock worth $51,000 after acquiring an additional 117 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Expedia Group in the fourth quarter valued at $72,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXPE has been the subject of a number of research analyst reports. Melius upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price target for the company in a report on Monday, January 6th. HSBC raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a report on Friday, February 7th. Benchmark reissued a “buy” rating and set a $200.00 price target on shares of Expedia Group in a research note on Tuesday, February 4th. Baird R W raised Expedia Group to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, Truist Financial boosted their target price on Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, March 12th. Nineteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.43.

Expedia Group Price Performance

EXPE opened at $178.29 on Tuesday. 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 quick ratio of 0.72 and a current ratio of 0.72. The company’s 50 day simple moving average is $183.62 and its 200 day simple moving average is $173.33. The stock has a market capitalization of $22.97 billion, a PE ratio of 19.70, a P/E/G ratio of 0.92 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results 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%. As a group, sell-side analysts expect that Expedia Group, Inc. will post 12.28 EPS 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 paid a dividend of $0.40 per share. The ex-dividend date is Thursday, March 6th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a yield of 0.90%. Expedia Group’s dividend payout ratio is currently 17.68%.

Insider Transactions at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 158,505 shares in the company, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction dated 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 owns 74,502 shares in the company, valued at approximately $15,325,061.40. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $4,577,900 in the last three months. 6.80% of the stock is currently owned by company insiders.

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.