Expedia Group, Inc. (NASDAQ:EXPE) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 147.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,851 shares of the online travel company’s stock after acquiring an additional 4,683 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Expedia Group were worth $1,463,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EXPE. Windacre Partnership LLC boosted its holdings in Expedia Group by 49.5% during the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock worth $639,994,000 after buying an additional 1,431,500 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in 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 buying an additional 596,510 shares in the last quarter. Alkeon Capital Management LLC boosted its holdings in Expedia Group by 46.3% during the third quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after buying an additional 498,934 shares in the last quarter. KBC Group NV boosted its holdings in Expedia Group by 326.9% during the fourth quarter. KBC Group NV now owns 293,482 shares of the online travel company’s stock worth $54,685,000 after buying an additional 224,732 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Expedia Group by 9.4% during 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 in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on EXPE shares. Baird R W raised shares of Expedia Group to a “strong-buy” rating in a report on Wednesday, November 27th. DA Davidson upped their price target on shares of Expedia Group from $190.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Citigroup upped their price target on shares of Expedia Group from $200.00 to $217.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. HSBC raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 price target on the stock in a report on Friday, February 7th. Finally, Robert W. Baird began coverage on shares of Expedia Group in a report on Wednesday, November 27th. They issued an “outperform” rating and a $225.00 price target on the stock. Nineteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $193.43.

Expedia Group Stock Performance

Shares of EXPE stock opened at $172.48 on Thursday. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. The company has a 50 day moving average price of $184.00 and a 200 day moving average price of $172.26. The firm has a market capitalization of $22.23 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 0.92 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. Sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a $0.40 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s dividend payout ratio is presently 17.68%.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the transaction, the insider now directly owns 74,502 shares in the company, 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 can be accessed through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the completion of the transaction, the director now owns 158,505 shares of the company’s stock, valued at $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 25,000 shares of company stock valued at $4,577,900 over the last 90 days. Corporate insiders own 6.80% of the company’s stock.

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.