Tiverton Asset Management LLC Makes New Investment in Expedia Group Inc (NASDAQ:EXPE)
Tiverton Asset Management LLC purchased a new position in Expedia Group Inc (NASDAQ:EXPE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,585 shares of the online travel company’s stock, valued at approximately $344,000.
Several other hedge funds have also bought and sold shares of EXPE. Crewe Advisors LLC boosted its holdings in shares of Expedia Group by 11.7% during the 2nd quarter. Crewe Advisors LLC now owns 775 shares of the online travel company’s stock valued at $103,000 after acquiring an additional 81 shares during the last quarter. Veritable L.P. lifted its position in Expedia Group by 2.4% during the second quarter. Veritable L.P. now owns 3,775 shares of the online travel company’s stock valued at $502,000 after purchasing an additional 88 shares during the period. Commonwealth Bank of Australia lifted its position in Expedia Group by 1.0% during the first quarter. Commonwealth Bank of Australia now owns 9,706 shares of the online travel company’s stock valued at $1,149,000 after purchasing an additional 100 shares during the period. Korea Investment CORP boosted its holdings in Expedia Group by 2.3% in the second quarter. Korea Investment CORP now owns 4,500 shares of the online travel company’s stock worth $599,000 after purchasing an additional 100 shares during the last quarter. Finally, BB&T Securities LLC boosted its holdings in Expedia Group by 1.2% in the second quarter. BB&T Securities LLC now owns 8,782 shares of the online travel company’s stock worth $1,168,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 80.05% of the company’s stock.
Shares of NASDAQ EXPE traded down $0.18 during trading on Wednesday, hitting $129.99. The company had a trading volume of 337,058 shares, compared to its average volume of 1,260,402. Expedia Group Inc has a 12 month low of $108.11 and a 12 month high of $144.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market capitalization of $19.63 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 1.69 and a beta of 1.07. The stock has a 50 day simple moving average of $130.75 and a 200 day simple moving average of $126.31.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd will be paid a dividend of $0.34 per share. This is a boost from Expedia Group’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.36 dividend on an annualized basis and a yield of 1.05%. Expedia Group’s dividend payout ratio (DPR) is presently 28.27%.
In other news, Director Susan C. Athey sold 2,425 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $134.59, for a total value of $326,380.75. Following the completion of the sale, the director now directly owns 1,462 shares of the company’s stock, valued at $196,770.58. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 50,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $132.98, for a total transaction of $6,649,000.00. Following the sale, the director now owns 477,677 shares in the company, valued at $63,521,487.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,449 shares of company stock worth $7,754,611. 20.96% of the stock is owned by company insiders.
EXPE has been the subject of a number of research reports. Credit Suisse Group boosted their target price on shares of Expedia Group from $147.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Oppenheimer set a $160.00 price target on Expedia Group and gave the company a “buy” rating in a report on Friday, July 26th. Needham & Company LLC initiated coverage on Expedia Group in a research note on Monday, May 20th. They issued a “hold” rating on the stock. Jefferies Financial Group lifted their price objective on Expedia Group from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, UBS Group upped their price objective on Expedia Group to $156.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $152.43.
About Expedia Group
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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