Summit Trail Advisors LLC Makes New Investment in Expedia Group, Inc. (NASDAQ:EXPE)

Summit Trail Advisors LLC bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the fourth quarter, HoldingsChannel.com reports. The firm bought 3,692 shares of the online travel company’s stock, valued at approximately $688,000.

Several other hedge funds and other institutional investors also recently modified their holdings of EXPE. Caprock Group LLC boosted its stake in Expedia Group by 33.7% in the third quarter. Caprock Group LLC now owns 10,191 shares of the online travel company’s stock valued at $1,508,000 after buying an additional 2,569 shares in the last quarter. Teamwork Financial Advisors LLC acquired a new stake in shares of Expedia Group in the 4th quarter valued at approximately $1,791,000. Cozad Asset Management Inc. grew its holdings in shares of Expedia Group by 16.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 30,823 shares of the online travel company’s stock valued at $4,562,000 after purchasing an additional 4,449 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in 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. Finally, Integrated Investment Consultants LLC acquired a new position in Expedia Group during the 3rd quarter worth approximately $527,000. Institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Down 2.9 %

Expedia Group stock opened at $197.19 on Wednesday. The company has a market capitalization of $25.31 billion, a PE ratio of 21.79, a PEG ratio of 0.82 and a beta of 1.82. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $207.73. The firm’s fifty day moving average is $182.78 and its 200 day moving average is $161.36. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

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 the consensus estimate of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 55.42%. As a group, sell-side analysts predict that Expedia Group, Inc. will post 10.75 EPS for the current fiscal year.

Expedia Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a $0.40 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.60 annualized dividend and a yield of 0.81%. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EXPE shares. Argus boosted their target price on shares of Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Wells Fargo & Company boosted their price objective on Expedia Group from $168.00 to $199.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Melius Research raised Expedia Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lowered Expedia Group from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, B. Riley reaffirmed a “buy” rating and issued a $235.00 price objective (up previously from $220.00) on shares of Expedia Group in a research note on Friday, February 7th. Nineteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $192.64.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 1,951 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $180.00, for a total transaction of $351,180.00. Following the transaction, the insider now owns 85,250 shares in the company, valued at approximately $15,345,000. This represents a 2.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the transaction, the director now owns 168,505 shares of the company’s stock, valued at $31,198,700.75. This represents a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,951 shares of company stock valued at $5,174,510. Company 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.