Expedia Group Inc (EXPE) Shares Bought by Morningstar Investment Services LLC
Morningstar Investment Services LLC raised its stake in shares of Expedia Group Inc (NASDAQ:EXPE) by 20.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,021 shares of the online travel company’s stock after acquiring an additional 1,169 shares during the period. Morningstar Investment Services LLC’s holdings in Expedia Group were worth $791,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Burney Co. grew its holdings in Expedia Group by 0.5% during the 4th quarter. Burney Co. now owns 15,451 shares of the online travel company’s stock valued at $1,741,000 after buying an additional 81 shares in the last quarter. Optimum Investment Advisors grew its holdings in Expedia Group by 8.4% during the 4th quarter. Optimum Investment Advisors now owns 1,290 shares of the online travel company’s stock valued at $145,000 after buying an additional 100 shares in the last quarter. Westpac Banking Corp grew its holdings in Expedia Group by 0.3% during the 4th quarter. Westpac Banking Corp now owns 39,603 shares of the online travel company’s stock valued at $4,461,000 after buying an additional 100 shares in the last quarter. RMB Capital Management LLC grew its holdings in Expedia Group by 6.6% during the 4th quarter. RMB Capital Management LLC now owns 1,783 shares of the online travel company’s stock valued at $201,000 after buying an additional 111 shares in the last quarter. Finally, JOYN Advisors Inc. grew its holdings in Expedia Group by 53.0% during the 4th quarter. JOYN Advisors Inc. now owns 332 shares of the online travel company’s stock valued at $37,000 after buying an additional 115 shares in the last quarter. Institutional investors and hedge funds own 78.81% of the company’s stock.
NASDAQ EXPE opened at $122.47 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.66. The company has a market cap of $18.03 billion, a PE ratio of 25.46, a PEG ratio of 1.53 and a beta of 0.94. Expedia Group Inc has a one year low of $104.16 and a one year high of $139.77.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Thursday, March 7th will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $1.28 dividend on an annualized basis and a yield of 1.05%. Expedia Group’s dividend payout ratio is presently 26.61%.
In other Expedia Group news, Director Dara Khosrowshahi sold 50,000 shares of the stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $125.17, for a total value of $6,258,500.00. Following the sale, the director now owns 462,910 shares in the company, valued at $57,942,444.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Mark D. Okerstrom sold 5,531 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $126.66, for a total value of $700,556.46. Following the completion of the sale, the insider now owns 70,532 shares in the company, valued at approximately $8,933,583.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,508 shares of company stock valued at $15,999,089. 20.96% of the stock is owned by corporate insiders.
EXPE has been the subject of a number of research analyst reports. Credit Suisse Group increased their price objective on shares of Expedia Group from $145.00 to $150.00 in a report on Friday, February 8th. Goldman Sachs Group raised shares of Expedia Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $125.00 to $140.00 in a report on Friday, January 4th. Zacks Investment Research raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a report on Monday, December 31st. BidaskClub raised shares of Expedia Group from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a report on Monday, February 4th. Ten analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $145.94.
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Expedia Group 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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