Okabena Investment Services Inc. Sells 1,687 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Okabena Investment Services Inc. cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 28.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,225 shares of the online travel company’s stock after selling 1,687 shares during the quarter. Okabena Investment Services Inc.’s holdings in Expedia Group were worth $787,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SRH Advisors LLC bought a new position in Expedia Group during the 4th quarter valued at about $28,000. Sava Infond d.o.o. bought a new position in shares of Expedia Group during the fourth quarter valued at approximately $28,000. Grove Bank & Trust raised its holdings 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 worth $30,000 after buying an additional 142 shares during the period. Brooklyn Investment Group bought a new stake in shares of Expedia Group during the 3rd quarter worth approximately $51,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Expedia Group by 75.5% during the 4th 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 during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the business’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 transaction 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. The trade was a 5.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 25,000 shares of company stock valued at $4,577,900. 6.80% of the stock is owned by company insiders.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $168.10 on Friday. 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 stock has a market capitalization of $21.66 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 0.92 and a beta of 1.83. The firm’s 50 day simple moving average is $182.46 and its 200-day simple moving average is $173.86. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73.

Expedia Group (NASDAQ:EXPE) last released 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%. Analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were given a dividend of $0.40 per share. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Expedia Group’s dividend payout ratio (DPR) is 17.68%.

Wall Street Analyst Weigh In

EXPE has been the topic of a number of research analyst reports. Bank of America upgraded shares of Expedia Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $187.00 to $221.00 in a research note on Wednesday, December 18th. JMP Securities reiterated a “market perform” rating on shares of Expedia Group in a report on Friday, February 7th. Argus boosted their price target on shares of Expedia Group from $210.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Truist Financial increased their price objective on shares of Expedia Group from $163.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, March 12th. 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 equities research 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 data from MarketBeat.com, Expedia Group presently has a consensus rating of “Moderate Buy” and an average price target of $193.43.

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.