Frank Rimerman Advisors LLC Makes New Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Frank Rimerman Advisors LLC acquired a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,197 shares of the online travel company’s stock, valued at approximately $223,000.

Several other large investors also recently bought and sold shares of the company. Greenleaf Trust grew its position in shares of Expedia Group by 2.5% in the fourth quarter. Greenleaf Trust now owns 2,520 shares of the online travel company’s stock valued at $470,000 after purchasing an additional 61 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Expedia Group by 2.1% in the third quarter. Hantz Financial Services Inc. now owns 2,980 shares of the online travel company’s stock valued at $441,000 after purchasing an additional 62 shares in the last quarter. UMB Bank n.a. grew its position in shares of Expedia Group by 14.8% in the fourth quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock valued at $91,000 after purchasing an additional 63 shares in the last quarter. Signet Financial Management LLC grew its position in shares of Expedia Group by 0.3% in the fourth quarter. Signet Financial Management LLC now owns 25,499 shares of the online travel company’s stock valued at $4,751,000 after purchasing an additional 74 shares in the last quarter. Finally, Metis Global Partners LLC grew its position in shares of Expedia Group by 1.8% in the fourth quarter. Metis Global Partners LLC now owns 4,149 shares of the online travel company’s stock valued at $773,000 after purchasing an additional 74 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EXPE. BMO Capital Markets upped their price target on Expedia Group from $165.00 to $190.00 and gave the company a “market perform” rating in a research report on Monday, February 10th. Wells Fargo & Company upped their price objective on Expedia Group from $168.00 to $199.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. The Goldman Sachs Group upped their price objective on Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a report on Friday, January 10th. B. Riley reiterated a “buy” rating and issued a $235.00 price objective (up from $220.00) on shares of Expedia Group in a report on Friday, February 7th. Finally, Bank of America upgraded Expedia Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $187.00 to $221.00 in a report on Wednesday, December 18th. Nineteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.43.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total value of $1,851,500.00. Following the transaction, the director now directly owns 168,505 shares in the company, valued at $31,198,700.75. This represents a 5.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the transaction, the insider now owns 74,502 shares in the company, valued at $15,325,061.40. This 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 three months. Insiders own 6.80% of the company’s stock.

Expedia Group Stock Up 2.6 %

EXPE stock opened at $166.36 on Tuesday. The company’s 50 day moving average price is $184.55 and its 200 day moving average price is $172.08. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The firm has a market capitalization of $21.44 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 0.92 and a beta of 1.83.

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%. On average, equities research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a $0.40 dividend. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a yield of 0.96%. The ex-dividend date is Thursday, March 6th. Expedia Group’s dividend payout ratio is currently 17.68%.

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.