Cornerstone Investment Partners LLC Sells 1,103 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Cornerstone Investment Partners LLC lowered its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 39.3% in the fourth quarter, HoldingsChannel reports. The fund 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 quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SRH Advisors LLC bought a new stake in shares of Expedia Group during the fourth quarter worth $28,000. Grove Bank & Trust raised its position in shares of Expedia Group by 676.2% during the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after acquiring an additional 142 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Expedia Group by 709.8% during the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after purchasing an additional 291 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Expedia Group during the third quarter worth $51,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Expedia Group during the fourth quarter worth $72,000. Institutional investors own 90.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on EXPE. Argus lifted their price objective on Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Oppenheimer lifted their price objective on 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 lifted their price objective on Expedia Group from $208.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. lifted their price objective on Expedia Group from $135.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Susquehanna lifted their price objective on Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Nineteen investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.64.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $193.50 on Tuesday. The stock has a 50 day moving average price of $187.24 and a 200 day moving average price of $169.45. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $207.73. 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 stock 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 (NASDAQ:EXPE) last issued its quarterly 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 net margin of 9.01% and a return on equity of 52.41%. Analysts predict that Expedia Group, Inc. will post 12.28 earnings per share 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. Stockholders of record on Thursday, March 6th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.83%. This is a boost from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, March 6th. Expedia Group’s dividend payout ratio (DPR) is presently 17.68%.

Insider Activity

In other news, insider Robert J. Dzielak sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the sale, the insider now directly owns 74,502 shares of the company’s stock, valued at $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total value of $1,697,900.00. Following the completion of the sale, the director now directly owns 158,505 shares of the company’s stock, valued at approximately $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 sold a total of 25,000 shares of company stock valued at $4,577,900 over the last three months. Insiders own 6.80% 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.