Ingalls & Snyder LLC Buys 603 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Ingalls & Snyder LLC increased its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,528 shares of the online travel company’s stock after acquiring an additional 603 shares during the quarter. Expedia Group accounts for approximately 1.0% of Ingalls & Snyder LLC’s portfolio, making the stock its 21st largest position. Ingalls & Snyder LLC owned approximately 0.11% of Expedia Group worth $26,371,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. CWM LLC increased its stake in Expedia Group by 12.1% during the 3rd quarter. CWM LLC now owns 7,865 shares of the online travel company’s stock valued at $1,164,000 after purchasing an additional 849 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Expedia Group by 1,353.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,105 shares of the online travel company’s stock valued at $164,000 after purchasing an additional 1,029 shares in the last quarter. Walter Public Investments Inc. increased its stake in Expedia Group by 3.0% during the 3rd quarter. Walter Public Investments Inc. now owns 91,981 shares of the online travel company’s stock valued at $13,615,000 after purchasing an additional 2,709 shares in the last quarter. Bleakley Financial Group LLC increased its stake in Expedia Group by 5.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 2,076 shares of the online travel company’s stock valued at $307,000 after purchasing an additional 102 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Expedia Group by 2.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,163 shares of the online travel company’s stock valued at $1,948,000 after purchasing an additional 331 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Expedia Group Price Performance

NASDAQ EXPE opened at $202.61 on Thursday. The company has a market cap of $26.00 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 0.82 and a beta of 1.82. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $207.73. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03. The firm’s 50-day simple moving average is $183.05 and its two-hundred day simple moving average is $161.87.

Expedia Group (NASDAQ:EXPE) last announced 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 55.42% and a net margin of 9.01%. Research analysts predict that Expedia Group, Inc. will post 10.75 earnings per share for the current year.

Expedia Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.79%. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, March 6th.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Oppenheimer boosted their price target on shares of Expedia Group from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. HSBC upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a research note on Friday, February 7th. Hsbc Global Res upgraded shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. BTIG Research upped their target price on shares of Expedia Group from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Nineteen analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.64.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the transaction, the insider now directly owns 85,250 shares in the company, valued at approximately $15,345,000. This represents a 2.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the completion of the transaction, the director now owns 168,505 shares in the company, valued at approximately $31,198,700.75. This trade represents a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,951 shares of company stock valued at $3,900,580. 6.80% of the stock is currently owned by corporate insiders.

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.