Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Harvey Capital Management Inc.

Harvey Capital Management Inc. decreased its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 20.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 37,260 shares of the online travel company’s stock after selling 9,530 shares during the period. Expedia Group comprises approximately 1.6% of Harvey Capital Management Inc.’s holdings, making the stock its 22nd largest position. Harvey Capital Management Inc.’s holdings in Expedia Group were worth $6,943,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPE. SRH Advisors LLC bought a new position in shares of Expedia Group in the fourth quarter valued at approximately $28,000. Grove Bank & Trust lifted its position in Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after purchasing an additional 142 shares during the period. Venturi Wealth Management LLC boosted its stake 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 acquired a new position in shares of Expedia Group during the 3rd quarter valued at $51,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Expedia Group during the 4th quarter valued at $72,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Down 2.9 %

EXPE opened at $197.19 on Wednesday. The company has a market capitalization of $25.31 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 0.82 and a beta of 1.82. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The business has a 50-day moving average of $182.78 and a 200-day moving average of $161.36.

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 the consensus estimate of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 55.42%. Equities research analysts forecast that Expedia Group, Inc. will post 10.75 EPS for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a $0.40 dividend. The ex-dividend date is Thursday, March 6th. This is a boost from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a yield of 0.81%.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 1,951 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the sale, the insider now directly owns 85,250 shares in the company, valued at approximately $15,345,000. The trade was a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 168,505 shares in the company, valued at $31,198,700.75. The trade was a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,951 shares of company stock valued at $5,174,510 over the last three months. 6.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on EXPE. UBS Group raised their target price on Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Hsbc Global Res raised shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. Oppenheimer lifted their price objective on shares of Expedia Group from $210.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. The Goldman Sachs Group increased their target price on shares of Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Citigroup raised their target price on shares of Expedia Group from $200.00 to $217.00 and gave the stock a “neutral” rating in a report on Tuesday. Nineteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.64.

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.