Expedia Group, Inc. (NASDAQ:EXPE) Stake Cut by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC reduced its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 39.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,707 shares of the online travel company’s stock after selling 1,103 shares during the period. Cornerstone Investment Partners LLC’s holdings in Expedia Group were worth $318,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EXPE. Wealth Enhancement Advisory Services LLC lifted its stake in Expedia Group by 7.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,030 shares of the online travel company’s stock worth $1,485,000 after acquiring an additional 696 shares in the last quarter. First Trust Direct Indexing L.P. raised its stake in shares of Expedia Group by 45.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,620 shares of the online travel company’s stock worth $388,000 after purchasing an additional 819 shares in the last quarter. US Bancorp DE raised its stake in shares of Expedia Group by 23.9% during the 3rd quarter. US Bancorp DE now owns 14,103 shares of the online travel company’s stock worth $2,088,000 after purchasing an additional 2,725 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Expedia Group by 11.6% during the 3rd quarter. Van ECK Associates Corp now owns 38,606 shares of the online travel company’s stock worth $6,114,000 after purchasing an additional 4,011 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Expedia Group by 13.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 649,716 shares of the online travel company’s stock worth $96,171,000 after purchasing an additional 75,120 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Price Performance

Expedia Group stock opened at $193.50 on Tuesday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $24.93 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 0.92 and a beta of 1.82. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The business has a 50 day simple moving average of $187.24 and a 200 day simple moving average of $169.45.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. On average, sell-side analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s dividend payout ratio (DPR) is 17.68%.

Insider Buying and Selling

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total value of $1,851,500.00. Following the completion of the transaction, the director now owns 168,505 shares in the company, valued at approximately $31,198,700.75. The trade was a 5.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the transaction, the insider now owns 74,502 shares of the company’s stock, valued at approximately $15,325,061.40. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $4,577,900 in the last 90 days. 6.80% of the stock is owned by company insiders.

Analyst Ratings Changes

EXPE has been the subject of a number of recent research reports. StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 15th. DA Davidson raised their price target on Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $210.00 price target (up from $180.00) on shares of Expedia Group in a research note on Friday, February 7th. Melius Research raised Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Melius raised Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price objective on the stock in a research note on Monday, January 6th. Nineteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $192.64.

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.