SRH Advisors LLC Takes $28,000 Position in Expedia Group, Inc. (NASDAQ:EXPE)

SRH Advisors LLC bought a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 150 shares of the online travel company’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CWM LLC raised its stake in shares of Expedia Group by 12.1% during the third quarter. CWM LLC now owns 7,865 shares of the online travel company’s stock valued at $1,164,000 after purchasing an additional 849 shares during the period. Exchange Traded Concepts LLC grew its holdings in Expedia Group by 1,353.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,105 shares of the online travel company’s stock valued at $164,000 after purchasing an additional 1,029 shares in the last quarter. Walter Public Investments Inc. increased its stake in Expedia Group by 3.0% during the 3rd quarter. Walter Public Investments Inc. now owns 91,981 shares of the online travel company’s stock worth $13,615,000 after buying an additional 2,709 shares during the period. Bleakley Financial Group LLC lifted its holdings in Expedia Group by 5.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 2,076 shares of the online travel company’s stock worth $307,000 after buying an additional 102 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Expedia Group by 2.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,163 shares of the online travel company’s stock valued at $1,948,000 after buying an additional 331 shares during the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Price Performance

NASDAQ EXPE opened at $197.19 on Wednesday. The company has a 50-day moving average price of $182.78 and a two-hundred day moving average price of $161.36. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $207.73. The stock has a market cap of $25.31 billion, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of 0.82 and a beta of 1.82. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03.

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

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued 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 positive change from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, March 6th.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EXPE shares. Baird R W raised Expedia Group to a “strong-buy” rating in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft downgraded Expedia Group from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Citigroup increased their target price on Expedia Group from $200.00 to $217.00 and gave the company a “neutral” rating in a research note on Tuesday. Melius raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price target for the company in a research report on Monday, January 6th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $210.00 price target (up from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Nineteen equities research 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 company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $192.64.

Insider Activity

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was 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 in the company, valued at $26,912,563.95. This represents a 5.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 7,000 shares of Expedia Group stock in a transaction on 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 transaction, the chief accounting officer now owns 11,187 shares in the company, valued at approximately $2,035,922.13. This trade represents a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,951 shares of company stock valued at $5,174,510. Company 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.