Picton Mahoney Asset Management Buys 28,350 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Picton Mahoney Asset Management raised its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 315,000.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,359 shares of the online travel company’s stock after acquiring an additional 28,350 shares during the quarter. Picton Mahoney Asset Management’s holdings in Expedia Group were worth $5,282,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Handelsbanken Fonder AB raised its holdings in shares of Expedia Group by 17.8% in the fourth quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company’s stock valued at $5,729,000 after buying an additional 4,656 shares during the last quarter. Caprock Group LLC raised its holdings in shares of 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 during the last quarter. Teamwork Financial Advisors LLC bought a new position in shares of Expedia Group in the fourth quarter valued at about $1,791,000. Integrated Investment Consultants LLC bought a new position in shares of Expedia Group in the third quarter valued at about $527,000. Finally, Clare Market Investments LLC bought a new position in shares of Expedia Group in the fourth quarter valued at about $319,000. 90.76% of the stock is owned by institutional investors.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of the company’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 transaction of $1,028,500.00. Following the sale, the insider now owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 sale, the director now owns 158,505 shares in the company, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $4,577,900 in the last 90 days. Corporate insiders own 6.80% of the company’s stock.

Expedia Group Trading Up 3.2 %

NASDAQ EXPE opened at $162.11 on Friday. The stock has a market capitalization of $20.89 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 0.92 and a beta of 1.82. The stock’s 50 day moving average price is $184.92 and its two-hundred day moving average price is $171.67. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $207.73.

Expedia Group (NASDAQ:EXPE) last released its 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%. As a group, analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. This is a boost from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s dividend payout ratio is currently 17.68%.

Analysts Set New Price Targets

A number of research firms recently issued reports on EXPE. Oppenheimer lifted their price target on Expedia Group from $210.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Wedbush reiterated a “neutral” rating and issued a $215.00 price objective (up from $180.00) on shares of Expedia Group in a research report on Friday, February 7th. Bank of America upgraded Expedia Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $187.00 to $221.00 in a research report on Wednesday, December 18th. DA Davidson lifted their price objective on Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Finally, Melius Research upgraded Expedia Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Nineteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.61.

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.