NEOS Investment Management LLC Boosts Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

NEOS Investment Management LLC grew its position in Expedia Group, Inc. (NASDAQ:EXPE) by 26.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,844 shares of the online travel company’s stock after acquiring an additional 1,240 shares during the quarter. NEOS Investment Management LLC’s holdings in Expedia Group were worth $1,089,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Windacre Partnership LLC boosted its stake 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 worth $639,994,000 after purchasing an additional 1,431,500 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Expedia Group by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company’s stock worth $472,212,000 after buying an additional 20,005 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Expedia Group by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 732,645 shares of the online travel company’s stock worth $136,514,000 after acquiring an additional 10,332 shares during the last quarter. Amundi grew its stake in Expedia Group by 15.3% during the 4th quarter. Amundi now owns 433,534 shares of the online travel company’s stock valued at $79,172,000 after acquiring an additional 57,621 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Expedia Group by 4.7% in the 4th quarter. Rhumbline Advisers now owns 418,272 shares of the online travel company’s stock valued at $77,936,000 after acquiring an additional 18,742 shares during the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Expedia Group Trading Down 0.6 %

NASDAQ:EXPE opened at $168.10 on Friday. 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 $21.66 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 0.92 and a beta of 1.83. 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 moving average price of $182.46 and a 200 day moving average price of $174.15.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data 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 net margin of 9.01% and a return on equity of 52.41%. Sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Expedia Group’s dividend payout ratio is currently 17.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Cantor Fitzgerald restated a “neutral” rating and issued a $210.00 price target (up from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. Argus lifted their price target on Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Wells Fargo & Company upped their price objective on shares of Expedia Group from $168.00 to $199.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Wedbush restated a “neutral” rating and set a $215.00 price objective (up from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. Finally, Hsbc Global Res upgraded shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. Nineteen analysts have rated the stock with a hold rating, eleven have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $193.43.

Expedia Group 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.