Landscape Capital Management L.L.C. grew its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 44.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,226 shares of the online travel company’s stock after purchasing an additional 8,711 shares during the period. Landscape Capital Management L.L.C.’s holdings in Expedia Group were worth $7,997,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of EXPE. Norges Bank purchased a new stake in Expedia Group during the fourth quarter worth about $861,979,000. Wellington Management Group LLP increased its stake in shares of Expedia Group by 24,899.5% during the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock worth $386,560,000 after buying an additional 1,801,232 shares during the period. AQR Capital Management LLC increased its stake in shares of Expedia Group by 25.0% during the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after buying an additional 728,063 shares during the period. First Trust Advisors LP increased its stake in shares of Expedia Group by 594.0% during the fourth quarter. First Trust Advisors LP now owns 583,830 shares of the online travel company’s stock worth $165,405,000 after buying an additional 499,706 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of Expedia Group by 55.0% during the fourth quarter. Deutsche Bank AG now owns 1,286,093 shares of the online travel company’s stock worth $364,363,000 after buying an additional 456,176 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.
Expedia Group Stock Performance
Shares of Expedia Group stock opened at $224.89 on Friday. The firm has a market capitalization of $27.56 billion, a P/E ratio of 19.80, a P/E/G ratio of 0.59 and a beta of 1.25. Expedia Group, Inc. has a 52 week low of $160.00 and a 52 week high of $303.80. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. The firm’s 50 day moving average is $233.97 and its two-hundred day moving average is $247.19.
Expedia Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.9%. Expedia Group’s dividend payout ratio (DPR) is 16.90%.
Wall Street Analyst Weigh In
EXPE has been the topic of a number of recent research reports. BTIG Research restated a “buy” rating and set a $330.00 target price on shares of Expedia Group in a research note on Tuesday, June 9th. Citic Securities cut their target price on shares of Expedia Group from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Citigroup restated a “neutral” rating on shares of Expedia Group in a research note on Monday, May 18th. TD Cowen upped their target price on shares of Expedia Group from $260.00 to $285.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Finally, Argus cut their target price on shares of Expedia Group from $345.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $284.42.
Check Out Our Latest Stock Analysis on Expedia Group
Insider Buying and Selling
In other news, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the transaction, the insider directly owned 105,448 shares in the company, valued at approximately $24,569,384. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the transaction, the chief accounting officer owned 14,083 shares in the company, valued at approximately $3,124,454.38. This trade represents a 6.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 5.20% of the company’s stock.
Expedia Group Profile
Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.
Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.
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