Arrowstreet Capital Limited Partnership Has $439.81 Million Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Arrowstreet Capital Limited Partnership grew its position in Expedia Group, Inc. (NASDAQ:EXPE) by 6.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,360,374 shares of the online travel company’s stock after buying an additional 150,480 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Expedia Group were worth $439,808,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. SRH Advisors LLC acquired a new position in Expedia Group in the fourth quarter valued at about $28,000. Sava Infond d.o.o. acquired a new position in shares of Expedia Group in the 4th quarter valued at approximately $28,000. Grove Bank & Trust grew its position in shares of 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 purchasing an additional 142 shares during the period. EverSource Wealth Advisors LLC increased its stake in Expedia Group by 75.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company’s stock worth $51,000 after purchasing an additional 117 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Expedia Group during the 3rd quarter worth approximately $51,000. Institutional investors own 90.76% of the company’s stock.

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 5,000 shares of the company’s stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the completion of the sale, the director now owns 168,505 shares of the company’s stock, valued at $31,198,700.75. This trade represents a 5.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $4,577,900 in the last ninety days. 6.80% of the stock is owned by company insiders.

Expedia Group Price Performance

NASDAQ:EXPE opened at $168.10 on Friday. The company has a market cap 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 firm’s fifty day moving average price is $182.46 and its two-hundred day moving average price is $174.15. 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 current ratio of 0.72 and a quick ratio of 0.72.

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

Expedia Group Increases Dividend

The company also recently declared 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 of this dividend was Thursday, March 6th. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a yield of 0.95%. Expedia Group’s payout ratio is 17.68%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EXPE shares. JMP Securities reissued a “market perform” rating on shares of Expedia Group in a research report on Friday, February 7th. Wells Fargo & Company increased their target price on Expedia Group from $168.00 to $199.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. StockNews.com upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 15th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $210.00 price objective (up from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. Finally, Oppenheimer dropped their target price on Expedia Group from $235.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 17th. Nineteen 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, Expedia Group presently has an average rating of “Moderate Buy” and a consensus 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.