Expedia Group, Inc. $EXPE Stock Position Decreased by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 35.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,691 shares of the online travel company’s stock after selling 6,503 shares during the period. Fisher Asset Management LLC’s holdings in Expedia Group were worth $1,972,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Expedia Group during the 2nd quarter worth approximately $663,882,000. Nuveen LLC acquired a new stake in Expedia Group in the first quarter worth $227,174,000. AQR Capital Management LLC increased its position in Expedia Group by 174.0% in the first quarter. AQR Capital Management LLC now owns 1,444,283 shares of the online travel company’s stock worth $235,592,000 after buying an additional 917,192 shares during the period. LSV Asset Management lifted its stake in Expedia Group by 497.0% in the second quarter. LSV Asset Management now owns 871,837 shares of the online travel company’s stock valued at $147,061,000 after buying an additional 725,797 shares during the last quarter. Finally, Alkeon Capital Management LLC boosted its holdings in shares of Expedia Group by 20.2% during the first quarter. Alkeon Capital Management LLC now owns 2,375,276 shares of the online travel company’s stock valued at $399,284,000 after acquiring an additional 398,804 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on EXPE shares. The Goldman Sachs Group lifted their price objective on shares of Expedia Group from $253.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft lifted their price target on Expedia Group from $185.00 to $235.00 and gave the company a “hold” rating in a report on Friday, November 7th. DA Davidson set a $294.00 price objective on Expedia Group in a research report on Monday, November 17th. BNP Paribas Exane initiated coverage on Expedia Group in a research report on Monday, November 24th. They issued a “neutral” rating on the stock. Finally, Sanford C. Bernstein set a $210.00 target price on Expedia Group in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $265.31.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 849 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $248.08, for a total value of $210,619.92. Following the completion of the sale, the chief accounting officer directly owned 11,662 shares of the company’s stock, valued at $2,893,108.96. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $258.00, for a total transaction of $258,000.00. Following the sale, the director owned 2,916 shares of the company’s stock, valued at approximately $752,328. This represents a 25.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 4,849 shares of company stock worth $1,283,270. 9.13% of the stock is currently owned by company insiders.

Expedia Group Stock Performance

Shares of EXPE opened at $263.43 on Friday. The company has a 50-day moving average of $234.34 and a two-hundred day moving average of $205.08. The stock has a market cap of $32.28 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 1.17 and a beta of 1.44. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.74 and a quick ratio of 0.74. Expedia Group, Inc. has a one year low of $130.01 and a one year high of $279.61.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, beating the consensus estimate of $7.10 by $0.47. Expedia Group had a net margin of 9.66% and a return on equity of 64.15%. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the firm earned $6.13 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 19th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, November 19th. Expedia Group’s payout ratio is presently 15.31%.

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.