Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 279,609 shares of the online travel company’s stock after selling 5,592 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Expedia Group were worth $52,100,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Strategic Financial Concepts LLC purchased a new position in Expedia Group in the 4th quarter valued at $13,853,000. GHP Investment Advisors Inc. boosted its holdings in shares of Expedia Group by 13.5% in the fourth quarter. GHP Investment Advisors Inc. now owns 17,517 shares of the online travel company’s stock valued at $3,264,000 after acquiring an additional 2,082 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Expedia Group by 21.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,608 shares of the online travel company’s stock worth $2,347,000 after acquiring an additional 2,252 shares during the period. Stratos Wealth Partners LTD. acquired a new position in shares of Expedia Group during the fourth quarter worth about $205,000. Finally, One Wealth Advisors LLC raised its holdings in Expedia Group by 9.8% during the fourth quarter. One Wealth Advisors LLC now owns 3,212 shares of the online travel company’s stock worth $598,000 after purchasing an additional 286 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EXPE shares. DA Davidson lifted their price objective on Expedia Group from $190.00 to $205.00 and gave the company a “neutral” rating in a report on Friday. Oppenheimer lifted their price target on Expedia Group from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft cut Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Expedia Group in a research report on Friday. Finally, Wedbush reiterated a “neutral” rating and issued a $215.00 price target (up previously from $180.00) on shares of Expedia Group in a report on Friday. Nineteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $190.07.

Expedia Group Trading Up 0.3 %

Shares of EXPE opened at $203.00 on Tuesday. 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 market capitalization of $26.06 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 0.82 and a beta of 1.82. The stock has a fifty day moving average of $182.42 and a two-hundred day moving average of $160.81. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.73 and a current ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a return on equity of 55.42% and a net margin of 9.01%. As a group, analysts forecast that Expedia Group, Inc. will post 10.75 EPS for the current year.

Expedia Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a $0.40 dividend. The ex-dividend date 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 0.79%.

Insider Activity at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on 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 transaction, the director now owns 158,505 shares in the company, valued at $26,912,563.95. This trade represents a 5.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 1,951 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction of $351,180.00. Following the sale, the insider now directly owns 85,250 shares of the company’s stock, valued at $15,345,000. This represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,951 shares of company stock worth $5,174,510. 6.80% of the stock is owned by company insiders.

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.