Boston Partners Has $44.36 Million Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Boston Partners reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 80.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 238,043 shares of the online travel company’s stock after selling 979,791 shares during the period. Boston Partners owned approximately 0.19% of Expedia Group worth $44,355,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. SRH Advisors LLC acquired a new stake in Expedia Group during the 4th quarter worth approximately $28,000. Grove Bank & Trust raised its holdings in shares of Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 142 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Expedia Group by 75.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company’s stock valued at $51,000 after purchasing an additional 117 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Expedia Group in the third quarter valued at approximately $51,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Expedia Group in the fourth quarter valued at approximately $72,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on EXPE shares. Wells Fargo & Company lifted their price objective on shares of Expedia Group from $168.00 to $199.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Wedbush reiterated a “neutral” rating and issued a $215.00 price objective (up from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Citigroup lifted their price objective on shares of Expedia Group from $200.00 to $217.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Hsbc Global Res upgraded shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. Finally, Morgan Stanley boosted their target price on shares of Expedia Group from $180.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Nineteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $193.43.

Expedia Group Trading Up 4.4 %

EXPE stock opened at $172.48 on Thursday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. The company’s 50-day simple moving average is $184.00 and its 200 day simple moving average is $172.26. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $207.73. The company has a market capitalization of $22.23 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 0.92 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last announced 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 52.41% and a net margin of 9.01%. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 6th. Expedia Group’s dividend payout ratio is presently 17.68%.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the sale, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the sale, the director now owns 158,505 shares in the company, valued at $26,912,563.95. The trade was a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $4,577,900 over the last ninety days. 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.