Expedia Group, Inc. (NASDAQ:EXPE) Holdings Cut by Banque Pictet & Cie SA

Banque Pictet & Cie SA decreased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 10.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,920 shares of the online travel company’s stock after selling 7,622 shares during the quarter. Banque Pictet & Cie SA’s holdings in Expedia Group were worth $12,842,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Windacre Partnership LLC increased its stake in Expedia Group by 49.5% during the 3rd quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock valued at $639,994,000 after buying an additional 1,431,500 shares during the period. Pacer Advisors Inc. raised its position in shares of Expedia Group by 22.5% during the third quarter. Pacer Advisors Inc. now owns 3,250,710 shares of the online travel company’s stock worth $481,170,000 after purchasing an additional 596,510 shares during the period. Geode Capital Management LLC lifted its stake in Expedia Group by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company’s stock valued at $472,212,000 after buying an additional 20,005 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Expedia Group by 9.4% in the third quarter. Fisher Asset Management LLC now owns 1,689,485 shares of the online travel company’s stock worth $250,078,000 after buying an additional 144,579 shares during the period. Finally, Alkeon Capital Management LLC lifted its stake in Expedia Group by 46.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after acquiring an additional 498,934 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on EXPE shares. The Goldman Sachs Group upped their price objective on shares of Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays lifted their price objective on shares of Expedia Group from $166.00 to $187.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Melius raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 target price on the stock in a research report on Monday, January 6th. BTIG Research boosted their price target on Expedia Group from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group increased their price objective on Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Nineteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $192.64.

Insiders Place Their Bets

In other news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $169.79, for a total value of $1,697,900.00. Following the completion of the sale, the director now directly owns 158,505 shares of the company’s stock, valued at approximately $26,912,563.95. This trade represents a 5.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $180.00, for a total value of $351,180.00. Following the sale, the insider now owns 85,250 shares of the company’s stock, valued at approximately $15,345,000. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,951 shares of company stock valued at $3,900,580. Insiders own 6.80% of the company’s stock.

Expedia Group Stock Up 0.3 %

Shares of EXPE opened at $203.20 on Friday. The company has a market capitalization of $26.08 billion, a P/E ratio of 22.45, a PEG ratio of 0.82 and a beta of 1.82. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The business’s 50 day simple moving average is $183.34 and its 200-day simple moving average is $162.15. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates 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, sell-side analysts predict that Expedia Group, Inc. will post 10.75 EPS for the current fiscal 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. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 0.79%. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. 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.