Ashburton Jersey Ltd Has $1.50 Million Position in Expedia Group, Inc. (NASDAQ:EXPE)

Ashburton Jersey Ltd cut its position in Expedia Group, Inc. (NASDAQ:EXPE) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,028 shares of the online travel company’s stock after selling 552 shares during the period. Ashburton Jersey Ltd’s holdings in Expedia Group were worth $1,496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. SRH Advisors LLC acquired a new stake in Expedia Group during the 4th quarter worth $28,000. Sava Infond d.o.o. acquired a new stake in shares of Expedia Group during the fourth quarter worth about $28,000. Grove Bank & Trust lifted its holdings in shares of Expedia Group by 676.2% during the 4th 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 in the last quarter. Prudent Man Investment Management Inc. acquired a new position in shares of Expedia Group in the 4th quarter valued at approximately $34,000. Finally, EverSource Wealth Advisors LLC increased its stake in Expedia Group by 75.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company’s stock worth $51,000 after purchasing an additional 117 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EXPE has been the topic of several research reports. Hsbc Global Res raised shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. Truist Financial increased their price objective on shares of Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, March 12th. Wedbush reiterated a “neutral” rating and set a $215.00 target price (up previously from $180.00) on shares of Expedia Group in a report on Friday, February 7th. Barclays raised their price target on Expedia Group from $166.00 to $187.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Finally, UBS Group reiterated a “neutral” rating on shares of Expedia Group in a research note on Tuesday, February 4th. Nineteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat, Expedia Group presently has an average rating of “Moderate Buy” and an average price target of $193.43.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction that occurred on 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 owns 74,502 shares in the company, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction 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 transaction, the director now owns 158,505 shares in the company, valued at approximately $26,912,563.95. The trade was a 5.93 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

Expedia Group Price Performance

Shares of Expedia Group stock opened at $141.86 on Friday. The company has a 50-day simple moving average of $180.61 and a two-hundred day simple moving average of $175.03. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $207.73. The stock has a market capitalization of $18.28 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 0.92 and a beta of 1.65. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results 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 52.41%. Analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.40 per share. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, March 6th. Expedia Group’s dividend payout ratio is 17.68%.

About Expedia Group

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.