Cibc World Markets Corp Grows Position in Expedia Group, Inc. (NASDAQ:EXPE)

Cibc World Markets Corp raised its position in Expedia Group, Inc. (NASDAQ:EXPE) by 14.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,448 shares of the online travel company’s stock after buying an additional 2,437 shares during the quarter. Cibc World Markets Corp’s holdings in Expedia Group were worth $3,624,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EXPE. SRH Advisors LLC purchased a new position in shares of Expedia Group in the 4th quarter worth about $28,000. Grove Bank & Trust grew 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 buying an additional 142 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Expedia Group in the third quarter valued at about $51,000. EverSource Wealth Advisors LLC grew its stake in shares of Expedia Group by 75.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company’s stock valued at $51,000 after buying an additional 117 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Expedia Group in the fourth quarter valued at about $72,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction on 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 transaction, the insider now directly owns 74,502 shares in the company, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their position. 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 Expedia Group stock in a transaction 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 owns 168,505 shares in the company, valued at approximately $31,198,700.75. This trade represents a 5.60 % 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 valued at $4,577,900 in the last quarter. Corporate insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on EXPE. Truist Financial increased their target price on Expedia Group from $163.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, March 12th. Argus increased their target price on Expedia Group from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Morgan Stanley increased their target price on Expedia Group from $180.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. DA Davidson increased their target price on Expedia Group from $190.00 to $205.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, Barclays raised their price objective on Expedia Group from $166.00 to $187.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Nineteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.43.

Expedia Group Trading Up 0.4 %

Shares of NASDAQ EXPE opened at $173.09 on Friday. The stock’s 50 day simple moving average is $183.81 and its 200 day simple moving average is $172.27. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The company has a market cap of $22.30 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 0.92 and a beta of 1.83. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $207.73.

Expedia Group (NASDAQ:EXPE) last announced its 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 EPS for the current year.

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.60 annualized dividend and a yield of 0.92%. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s payout ratio is presently 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.