Alkeon Capital Management LLC Purchases 100,000 Shares of Expedia Group, Inc. $EXPE

Alkeon Capital Management LLC grew its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,475,276 shares of the online travel company’s stock after buying an additional 100,000 shares during the period. Expedia Group accounts for 0.7% of Alkeon Capital Management LLC’s investment portfolio, making the stock its 21st largest position. Alkeon Capital Management LLC owned about 1.95% of Expedia Group worth $417,530,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Expedia Group by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 15,304,305 shares of the online travel company’s stock valued at $2,581,530,000 after buying an additional 102,494 shares in the last quarter. Norges Bank purchased a new position in shares of Expedia Group in the second quarter valued at $663,882,000. Geode Capital Management LLC raised its stake in shares of Expedia Group by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 3,414,935 shares of the online travel company’s stock valued at $574,364,000 after purchasing an additional 58,244 shares during the period. AQR Capital Management LLC lifted its holdings in Expedia Group by 102.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock worth $492,152,000 after purchasing an additional 1,473,386 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Expedia Group by 4.4% in the 1st quarter. Northern Trust Corp now owns 1,331,482 shares of the online travel company’s stock worth $223,822,000 after purchasing an additional 55,575 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $274.21 on Friday. Expedia Group, Inc. has a 12 month low of $130.01 and a 12 month high of $282.96. The firm has a market capitalization of $33.60 billion, a P/E ratio of 26.24, a P/E/G ratio of 1.27 and a beta of 1.44. The business has a fifty day simple moving average of $239.66 and a two-hundred day simple moving average of $208.93. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.72.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the previous year, the firm posted $6.13 earnings per share. Expedia Group’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were 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 was Wednesday, November 19th. Expedia Group’s dividend payout ratio is 15.31%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EXPE shares. TD Cowen raised their price objective on shares of Expedia Group from $220.00 to $256.00 in a research report on Friday, November 7th. Oppenheimer upped their price target on shares of Expedia Group from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. BNP Paribas initiated coverage on Expedia Group in a research report on Monday, November 24th. They issued a “hold” rating on the stock. BTIG Research boosted their price target on shares of Expedia Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Expedia Group in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $265.78.

Insider Transactions at Expedia Group

In other news, Director Craig A. Jacobson sold 3,000 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $271.55, for a total value of $814,650.00. Following the completion of the transaction, the director owned 30,858 shares in the company, valued at $8,379,489.90. The trade was a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Lance A. Soliday sold 849 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer directly owned 11,662 shares in the company, valued at approximately $2,893,108.96. The trade was a 6.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 4,849 shares of company stock worth $1,283,270. Corporate insiders own 9.13% of the company’s stock.

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.