Expedia Group, Inc. (NASDAQ:EXPE) Shares Bought by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd increased its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 33.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,600 shares of the online travel company’s stock after purchasing an additional 400 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Expedia Group were worth $298,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EXPE. SRH Advisors LLC acquired a new stake in Expedia Group in the fourth quarter valued at approximately $28,000. Grove Bank & Trust boosted its stake in shares of Expedia Group by 676.2% in the fourth 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. Venturi Wealth Management LLC grew its holdings in Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after purchasing an additional 291 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Expedia Group during the 3rd quarter worth $51,000. Finally, EverSource Wealth Advisors LLC lifted 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 worth $51,000 after buying an additional 117 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Stock Up 3.2 %

EXPE opened at $162.11 on Friday. The stock’s 50 day moving average price is $184.92 and its 200 day moving average price is $171.67. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $20.89 billion, a P/E ratio of 17.91, a P/E/G ratio of 0.92 and a beta of 1.82. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73.

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

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Expedia Group’s dividend payout ratio (DPR) is 17.68%.

Insider Activity at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of the firm’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 trade represents a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the business’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 completion of the sale, the insider now owns 74,502 shares in the company, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $4,577,900 over the last quarter. 6.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on EXPE shares. Citigroup raised their target price on Expedia Group from $200.00 to $217.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Wedbush reaffirmed a “neutral” rating and issued a $215.00 target price (up from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. Truist Financial raised their price target on shares of Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday. Wells Fargo & Company upped their price target on shares of Expedia Group from $168.00 to $199.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Finally, HSBC raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a report on Friday, February 7th. Nineteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $193.61.

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.