Vinva Investment Management Ltd Has $16.35 Million Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Vinva Investment Management Ltd raised its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 583.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,563 shares of the online travel company’s stock after buying an additional 74,747 shares during the quarter. Expedia Group accounts for about 0.6% of Vinva Investment Management Ltd’s investment portfolio, making the stock its 28th largest position. Vinva Investment Management Ltd’s holdings in Expedia Group were worth $16,352,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPE. SRH Advisors LLC acquired a new stake in Expedia Group in the 4th quarter valued at approximately $28,000. Grove Bank & Trust grew its holdings in Expedia Group by 676.2% in the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after buying an additional 142 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Expedia Group in the 3rd quarter valued at approximately $51,000. EverSource Wealth Advisors LLC grew its holdings in Expedia Group by 75.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company’s stock valued at $51,000 after buying an additional 117 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Expedia Group in the 4th quarter valued at approximately $72,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Trading Down 0.7 %

EXPE stock opened at $165.16 on Wednesday. The company has a market cap of $21.28 billion, a P/E ratio of 18.25, a PEG ratio of 0.92 and a beta of 1.83. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month 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 business has a fifty day moving average of $184.20 and a 200-day moving average of $172.26.

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 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%. As a group, equities research analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The company also recently announced 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 represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s payout ratio is presently 17.68%.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group 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 sale, the insider now directly owns 74,502 shares of the company’s stock, valued at $15,325,061.40. The trade was 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 available at this link. Also, 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $4,577,900 over the last 90 days. 6.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on EXPE shares. DA Davidson lifted their price objective on Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 15th. Oppenheimer decreased their price objective on Expedia Group from $235.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday. Hsbc Global Res raised Expedia Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. Finally, Melius raised Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price objective on the stock in a report on Monday, January 6th. Nineteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $193.43.

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.