CSat Investment Advisory L.P. Has $448,000 Holdings in Expedia Group Inc (EXPE)
CSat Investment Advisory L.P. trimmed its stake in Expedia Group Inc (NASDAQ:EXPE) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,974 shares of the online travel company’s stock after selling 567 shares during the quarter. CSat Investment Advisory L.P.’s holdings in Expedia Group were worth $448,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of EXPE. Renaissance Technologies LLC grew its stake in Expedia Group by 1,515.8% in the third quarter. Renaissance Technologies LLC now owns 1,264,388 shares of the online travel company’s stock valued at $164,977,000 after purchasing an additional 1,186,138 shares in the last quarter. Boston Partners grew its stake in Expedia Group by 72.6% in the fourth quarter. Boston Partners now owns 1,321,220 shares of the online travel company’s stock valued at $148,835,000 after purchasing an additional 555,640 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Expedia Group by 1,374.8% in the third quarter. Thrivent Financial for Lutherans now owns 502,384 shares of the online travel company’s stock valued at $65,551,000 after purchasing an additional 468,319 shares in the last quarter. Winslow Capital Management LLC grew its stake in Expedia Group by 25.2% in the third quarter. Winslow Capital Management LLC now owns 1,930,406 shares of the online travel company’s stock valued at $251,880,000 after purchasing an additional 389,022 shares in the last quarter. Finally, Standard Life Aberdeen plc grew its stake in Expedia Group by 167.0% in the fourth quarter. Standard Life Aberdeen plc now owns 549,745 shares of the online travel company’s stock valued at $62,875,000 after purchasing an additional 343,814 shares in the last quarter. Hedge funds and other institutional investors own 78.81% of the company’s stock.
EXPE has been the subject of a number of analyst reports. Zacks Investment Research upgraded Expedia Group from a “sell” rating to a “hold” rating in a research note on Monday, January 21st. SunTrust Banks reiterated a “buy” rating and set a $180.00 target price on shares of Expedia Group in a research note on Monday, February 4th. Morgan Stanley downgraded Expedia Group from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $150.00 to $125.00 in a research note on Wednesday, January 9th. Piper Jaffray Companies reiterated an “overweight” rating and set a $165.00 target price on shares of Expedia Group in a research note on Friday, February 8th. Finally, BidaskClub downgraded Expedia Group from a “buy” rating to a “hold” rating in a research note on Monday, February 25th. Ten equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $145.94.
Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 7th. The online travel company reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.50. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Expedia Group had a return on equity of 12.96% and a net margin of 3.62%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $0.84 EPS. As a group, equities research analysts forecast that Expedia Group Inc will post 5.95 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Thursday, March 7th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $1.28 annualized dividend and a yield of 1.05%. Expedia Group’s payout ratio is currently 26.61%.
In related news, insider Mark D. Okerstrom sold 5,531 shares of Expedia Group stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $126.80, for a total transaction of $701,330.80. Following the completion of the sale, the insider now directly owns 68,375 shares of the company’s stock, valued at approximately $8,669,950. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 1,635 shares of Expedia Group stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $124.56, for a total value of $203,655.60. Following the sale, the chief accounting officer now directly owns 6,644 shares of the company’s stock, valued at $827,576.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,508 shares of company stock valued at $15,999,089. 20.96% of the stock is currently owned by insiders.
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Expedia Group Company Profile
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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