MV Capital Management Inc. Sells 85 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

MV Capital Management Inc. cut its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 13.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 564 shares of the online travel company’s stock after selling 85 shares during the quarter. MV Capital Management Inc.’s holdings in Expedia Group were worth $105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of EXPE. Windacre Partnership LLC raised its holdings in shares of 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 valued at $639,994,000 after acquiring an additional 1,431,500 shares in the last quarter. Norges Bank purchased a new stake in Expedia Group in the fourth quarter worth $670,565,000. Geode Capital Management LLC lifted its position 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 during the period. Alkeon Capital Management LLC boosted its holdings in shares of Expedia Group by 46.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock valued at $233,349,000 after buying an additional 498,934 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Expedia Group by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 732,645 shares of the online travel company’s stock worth $136,514,000 after buying an additional 10,332 shares during the period. 90.76% of the stock is owned by institutional investors.

Expedia Group Stock Down 0.6 %

Shares of EXPE opened at $168.10 on Friday. The firm has a market capitalization of $21.66 billion, a P/E ratio of 18.57, a P/E/G ratio of 0.92 and a beta of 1.83. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $207.73. The firm has a fifty day moving average price of $182.46 and a 200-day moving average price of $173.86.

Expedia Group (NASDAQ:EXPE) last posted its quarterly 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 net margin of 9.01% and a return on equity of 52.41%. Equities research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were paid a $0.40 dividend. The ex-dividend date was Thursday, March 6th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. Expedia Group’s dividend payout ratio is 17.68%.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 5,000 shares of the firm’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 owns 74,502 shares of the company’s stock, valued at $15,325,061.40. This trade 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 is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was 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 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 in the last three months. Corporate insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EXPE shares. UBS Group reissued a “neutral” rating on shares of Expedia Group in a research note on Tuesday, February 4th. Bank of America raised Expedia Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $187.00 to $221.00 in a research report on Wednesday, December 18th. The Goldman Sachs Group raised their price objective on Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of Expedia Group in a report on Tuesday, February 4th. Finally, Oppenheimer reduced their price objective on Expedia Group from $235.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, March 17th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, Expedia Group has a consensus rating of “Moderate Buy” and an average target price of $193.43.

About Expedia Group

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.