OMERS ADMINISTRATION Corp Has $2.52 Million Stake in Expedia Group, Inc. (NASDAQ:EXPE)

OMERS ADMINISTRATION Corp cut its position in Expedia Group, Inc. (NASDAQ:EXPE) by 39.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,541 shares of the online travel company’s stock after selling 8,897 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Expedia Group were worth $2,523,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXPE. Minot DeBlois Advisors LLC acquired a new position in Expedia Group during the fourth quarter valued at approximately $27,000. Napa Wealth Management bought a new position in shares of Expedia Group in the 4th quarter valued at $1,188,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Expedia Group by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,947 shares of the online travel company’s stock valued at $9,120,000 after purchasing an additional 1,772 shares during the last quarter. Lighthouse Investment Partners LLC raised its holdings in shares of Expedia Group by 4.5% during the 4th quarter. Lighthouse Investment Partners LLC now owns 25,044 shares of the online travel company’s stock worth $4,666,000 after buying an additional 1,073 shares in the last quarter. Finally, Investment Management Corp of Ontario lifted its position in shares of Expedia Group by 69.7% during the 4th quarter. Investment Management Corp of Ontario now owns 12,466 shares of the online travel company’s stock worth $2,323,000 after buying an additional 5,121 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Insider Activity

In related news, insider Robert J. Dzielak sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the sale, the insider now 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.80% of the stock is owned by company insiders.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $169.22 on Thursday. The company has a market capitalization of $21.81 billion, a PE ratio of 18.70, a P/E/G ratio of 0.92 and a beta of 1.62. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week 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 has a 50 day simple moving average of $160.62 and a two-hundred day simple moving average of $175.82.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 earnings per share. Research analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group’s dividend payout ratio (DPR) is presently 18.87%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Benchmark decreased their target price on Expedia Group from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Citigroup lifted their price target on shares of Expedia Group from $200.00 to $217.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Wedbush reiterated a “neutral” rating and set a $165.00 price objective (down from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. Piper Sandler downgraded shares of Expedia Group from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $174.00 to $135.00 in a research note on Friday, May 9th. Finally, Bank of America boosted their target price on shares of Expedia Group from $205.00 to $211.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Expedia Group has a consensus rating of “Moderate Buy” and an average price target of $187.88.

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.