BayBridge Capital Group LLC Takes $470,000 Position in Expedia Group, Inc. (NASDAQ:EXPE)

BayBridge Capital Group LLC bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 2,520 shares of the online travel company’s stock, valued at approximately $470,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Grove Bank & Trust raised its stake 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 worth $30,000 after buying an additional 142 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Expedia Group by 709.8% during the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after acquiring an additional 291 shares during the period. Brooklyn Investment Group bought a new stake in Expedia Group in the third quarter worth about $51,000. Golden State Wealth Management LLC acquired a new stake in Expedia Group in the 4th quarter valued at about $72,000. Finally, UMB Bank n.a. lifted its holdings in Expedia Group by 14.8% in the 4th quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock valued at $91,000 after acquiring an additional 63 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXPE has been the topic of a number of research reports. Baird R W upgraded shares of Expedia Group to a “strong-buy” rating in a report on Wednesday, November 27th. The Goldman Sachs Group upped their price target on Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a report on Friday, January 10th. Oppenheimer raised their price objective on Expedia Group from $210.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday. Susquehanna boosted their target price on Expedia Group from $145.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, HSBC upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a research report on Friday. Nineteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $187.93.

Expedia Group Stock Performance

EXPE stock opened at $202.37 on Friday. The firm has a 50 day moving average of $182.07 and a two-hundred day moving average of $159.92. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $205.12. The company has a market capitalization of $25.97 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 0.77 and a beta of 1.82. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a return on equity of 49.25% and a net margin of 7.97%. As a group, equities analysts anticipate that Expedia Group, Inc. will post 8.76 EPS for the current fiscal 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 dividend of $0.40 per share. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.79%.

Insider Activity at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $181.99, for a total value of $1,273,930.00. Following the completion of the transaction, the chief accounting officer now owns 11,187 shares in the company, valued at $2,035,922.13. The trade was a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,951 shares of company stock valued at $5,174,510. Corporate insiders own 6.80% of the company’s stock.

Expedia Group Company 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.