Integrated Wealth Concepts LLC Buys 4,428 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Integrated Wealth Concepts LLC lifted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 192.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,733 shares of the online travel company’s stock after acquiring an additional 4,428 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Expedia Group were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SRH Advisors LLC bought a new position in Expedia Group during the 4th quarter worth approximately $28,000. Sava Infond d.o.o. acquired a new stake in shares of Expedia Group during the fourth quarter worth $28,000. Grove Bank & Trust increased its position in shares of Expedia Group by 676.2% during 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. Prudent Man Investment Management Inc. bought a new position in Expedia Group during the fourth quarter worth $34,000. Finally, EverSource Wealth Advisors LLC lifted its holdings 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 valued at $51,000 after buying an additional 117 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on EXPE shares. Morgan Stanley decreased their price target on Expedia Group from $190.00 to $150.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Truist Financial lifted their target price on Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, March 12th. Citigroup increased their price target on Expedia Group from $200.00 to $217.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. JMP Securities reaffirmed a “market perform” rating on shares of Expedia Group in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Expedia Group from $205.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Nineteen research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $191.89.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the sale, the insider now directly owns 74,502 shares of the company’s stock, valued at $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group 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 completion of the transaction, the director now 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 disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

Expedia Group Trading Down 0.7 %

Shares of Expedia Group stock opened at $160.15 on Wednesday. The firm has a market cap of $20.64 billion, a PE ratio of 17.70, a P/E/G ratio of 0.92 and a beta of 1.65. 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 current ratio of 0.72 and a quick ratio of 0.72. The stock has a fifty day moving average price of $167.11 and a 200-day moving average price of $175.42.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data 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 52.41% and a net margin of 9.01%. Equities research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Thursday, March 6th. This is a boost from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s payout ratio is 17.68%.

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.