New York Life Investment Management LLC Sells 160 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

New York Life Investment Management LLC lowered its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,767 shares of the online travel company’s stock after selling 160 shares during the quarter. New York Life Investment Management LLC’s holdings in Expedia Group were worth $3,124,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in Expedia Group by 7.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,030 shares of the online travel company’s stock valued at $1,485,000 after purchasing an additional 696 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake in Expedia Group by 45.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,620 shares of the online travel company’s stock valued at $388,000 after purchasing an additional 819 shares in the last quarter. US Bancorp DE increased its stake in Expedia Group by 23.9% during the 3rd quarter. US Bancorp DE now owns 14,103 shares of the online travel company’s stock valued at $2,088,000 after purchasing an additional 2,725 shares in the last quarter. Van ECK Associates Corp increased its stake in Expedia Group by 11.6% during the 3rd quarter. Van ECK Associates Corp now owns 38,606 shares of the online travel company’s stock valued at $6,114,000 after purchasing an additional 4,011 shares in the last quarter. Finally, Fernwood Investment Management LLC bought a new stake in Expedia Group during the 3rd quarter valued at $207,000. Institutional investors own 90.76% of the company’s stock.

Insider Activity

In other news, insider Robert J. Dzielak sold 5,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $169.79, for a total value of $1,697,900.00. Following the sale, the director now owns 158,505 shares in the company, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $4,577,900 over the last ninety days. Company insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Melius upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price target for the company in a research note on Monday, January 6th. StockNews.com upgraded shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 15th. JMP Securities reaffirmed a “market perform” rating on shares of Expedia Group in a report on Friday, February 7th. BMO Capital Markets lifted their price objective on shares of Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a report on Monday, February 10th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $210.00 price objective (up from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Nineteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, Expedia Group currently has a consensus rating of “Moderate Buy” and an average target price of $192.64.

Expedia Group Price Performance

NASDAQ EXPE opened at $197.96 on Friday. The company has a market cap of $25.51 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 0.92 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 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The firm’s 50-day simple moving average is $187.15 and its two-hundred day simple moving average is $168.74.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. 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 declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a dividend yield of 0.81%. Expedia Group’s dividend payout ratio is currently 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.