Harvey Capital Management Inc. Cuts Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Harvey Capital Management Inc. trimmed its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 20.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,260 shares of the online travel company’s stock after selling 9,530 shares during the quarter. Expedia Group comprises 1.6% of Harvey Capital Management Inc.’s portfolio, making the stock its 22nd largest position. Harvey Capital Management Inc.’s holdings in Expedia Group were worth $6,943,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. SRH Advisors LLC acquired a new stake in shares of Expedia Group during the 4th quarter worth $28,000. Grove Bank & Trust grew its position in Expedia Group by 676.2% during the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after acquiring an additional 142 shares during the period. Venturi Wealth Management LLC increased its stake in 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 acquiring an additional 291 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Expedia Group in the 3rd quarter worth about $51,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Expedia Group in the 4th quarter worth about $72,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Stock Down 2.9 %

EXPE stock opened at $197.19 on Wednesday. The firm has a market cap of $25.31 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 0.82 and a beta of 1.82. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year high of $207.73. The firm has a fifty day moving average price of $182.78 and a two-hundred day moving average price of $161.36. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 55.42%. Research analysts predict that Expedia Group, Inc. will post 10.75 EPS for the current year.

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, March 6th.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EXPE. DA Davidson boosted their target price on Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of Expedia Group in a research note on Tuesday, February 4th. 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 report on Friday, February 7th. BMO Capital Markets raised their price objective on Expedia Group from $165.00 to $190.00 and gave the company a “market perform” rating in a research report on Monday. Finally, UBS Group upped their target price on Expedia Group from $137.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Nineteen analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.64.

Insider Buying and Selling

In other Expedia Group news, CAO Lance A. Soliday sold 7,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $181.99, for a total value of $1,273,930.00. Following the completion of the transaction, the chief accounting officer now owns 11,187 shares in the company, valued at approximately $2,035,922.13. This represents a 38.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total value of $1,851,500.00. Following the sale, the director now directly owns 168,505 shares in the company, valued at approximately $31,198,700.75. This trade represents a 5.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,951 shares of company stock valued at $5,174,510. 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.