Lyrical Asset Management LP Has $328.59 Million Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Lyrical Asset Management LP lifted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,763,489 shares of the online travel company’s stock after purchasing an additional 28,736 shares during the period. Expedia Group comprises approximately 4.9% of Lyrical Asset Management LP’s investment portfolio, making the stock its 5th largest holding. Lyrical Asset Management LP owned 1.37% of Expedia Group worth $328,591,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Expedia Group during the 4th quarter valued at approximately $670,565,000. KBC Group NV raised its holdings in Expedia Group by 326.9% during the 4th quarter. KBC Group NV now owns 293,482 shares of the online travel company’s stock valued at $54,685,000 after acquiring an additional 224,732 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Expedia Group by 193.3% during the fourth quarter. Teacher Retirement System of Texas now owns 340,171 shares of the online travel company’s stock worth $63,384,000 after acquiring an additional 224,182 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Expedia Group by 6.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company’s stock worth $439,808,000 after acquiring an additional 150,480 shares during the period. Finally, Wealthfront Advisers LLC grew its position in shares of Expedia Group by 1,632.1% in the fourth quarter. Wealthfront Advisers LLC now owns 104,653 shares of the online travel company’s stock valued at $19,500,000 after purchasing an additional 98,611 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

NASDAQ EXPE opened at $141.86 on Friday. The firm has a market cap of $18.28 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 0.92 and a beta of 1.65. The company has a 50-day simple moving average of $180.61 and a two-hundred day simple moving average of $175.03. 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, Inc. has a 12-month low of $107.25 and a 12-month high of $207.73.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results 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 52.41% and a net margin of 9.01%. On average, equities analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 6th. Expedia Group’s payout ratio is presently 17.68%.

Insider Activity at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 74,502 shares of the company’s stock, valued at approximately $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the sale, the director now owns 158,505 shares of the company’s stock, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EXPE shares. Susquehanna increased their price objective on Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. StockNews.com upgraded shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 15th. Oppenheimer decreased their target price on shares of Expedia Group from $235.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 17th. Bank of America upgraded shares of Expedia Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $187.00 to $221.00 in a research note on Wednesday, December 18th. Finally, JMP Securities restated a “market perform” rating on shares of Expedia Group in a research report on Friday, February 7th. Nineteen 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.43.

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.