Impax Asset Management Group plc Has $7.59 Million Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Impax Asset Management Group plc raised its position in Expedia Group, Inc. (NASDAQ:EXPE) by 104.7% in the 4th quarter, HoldingsChannel reports. The fund owned 40,756 shares of the online travel company’s stock after purchasing an additional 20,844 shares during the period. Impax Asset Management Group plc’s holdings in Expedia Group were worth $7,594,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in EXPE. SRH Advisors LLC acquired a new position in shares of Expedia Group in the 4th quarter worth approximately $28,000. Grove Bank & Trust raised its holdings in shares of Expedia Group by 676.2% in the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after buying an additional 142 shares in the last quarter. Venturi Wealth Management LLC grew its position in Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after acquiring an additional 291 shares during the last quarter. Brooklyn Investment Group bought a new stake in Expedia Group during the 3rd quarter worth approximately $51,000. Finally, Golden State Wealth Management LLC bought a new stake in Expedia Group during the 4th quarter worth approximately $72,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. JPMorgan Chase & Co. increased their price objective on Expedia Group from $135.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. JMP Securities reaffirmed a “market perform” rating on shares of Expedia Group in a research note on Friday, February 7th. B. Riley reaffirmed a “buy” rating and set a $235.00 price objective (up previously from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. Melius raised Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price objective on the stock in a research note on Monday, January 6th. Finally, DA Davidson raised their price objective on Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Nineteen investment 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. According to data from MarketBeat.com, Expedia Group presently has an average rating of “Moderate Buy” and a consensus target price of $192.64.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction 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 transaction, the insider now directly owns 74,502 shares of the company’s stock, valued at approximately $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total value of $1,851,500.00. Following the transaction, the director now directly owns 168,505 shares of the company’s stock, 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. In the last ninety days, insiders sold 25,000 shares of company stock valued at $4,577,900. Corporate insiders own 6.80% of the company’s stock.

Expedia Group Stock Up 1.6 %

Shares of NASDAQ:EXPE opened at $199.97 on Tuesday. The company has a market capitalization of $25.77 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 0.92 and a beta of 1.82. 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 business’s 50-day moving average is $185.75 and its 200-day moving average is $167.08. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share 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 predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.40 per share. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Thursday, March 6th. Expedia Group’s payout ratio is currently 17.68%.

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.