Railway Pension Investments Ltd grew its position in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 652.3% in the second quarter, HoldingsChannel.com reports. The firm owned 96,300 shares of the online travel company’s stock after acquiring an additional 83,500 shares during the period. Railway Pension Investments Ltd’s holdings in Expedia Group were worth $16,244,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of EXPE. Brighton Jones LLC purchased a new stake in Expedia Group in the 4th quarter worth $408,000. Avantax Advisory Services Inc. boosted its stake in shares of Expedia Group by 19.9% in the first quarter. Avantax Advisory Services Inc. now owns 4,351 shares of the online travel company’s stock worth $731,000 after acquiring an additional 723 shares during the period. GSA Capital Partners LLP grew its position in shares of Expedia Group by 133.1% during the first quarter. GSA Capital Partners LLP now owns 3,878 shares of the online travel company’s stock worth $652,000 after purchasing an additional 2,214 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in Expedia Group during the 1st quarter valued at approximately $417,000. Finally, Mesirow Financial Investment Management Inc. purchased a new position in Expedia Group in the 1st quarter worth approximately $269,000. 90.76% of the stock is currently owned by institutional investors.
Expedia Group Stock Performance
Expedia Group stock opened at $255.28 on Friday. The company’s 50-day moving average price is $230.22 and its 200-day moving average price is $202.05. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The company has a market cap of $31.28 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 1.15 and a beta of 1.58. Expedia Group, Inc. has a twelve month low of $130.01 and a twelve month high of $279.61.
Expedia Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 19th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.6%. The ex-dividend date is Wednesday, November 19th. Expedia Group’s dividend payout ratio is presently 15.31%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. TD Cowen increased their price objective on shares of Expedia Group from $220.00 to $256.00 in a report on Friday, November 7th. CICC Research upgraded shares of Expedia Group from a “market perform” rating to an “outperform” rating and set a $271.00 target price for the company in a research report on Monday, November 10th. B. Riley lifted their price target on shares of Expedia Group from $260.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 7th. Citigroup boosted their price target on shares of Expedia Group from $206.00 to $281.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Finally, Susquehanna raised their price objective on Expedia Group from $200.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, November 10th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and twenty-four have issued a Hold rating to the stock. Based on data from MarketBeat, Expedia Group presently has a consensus rating of “Hold” and an average price target of $265.31.
Read Our Latest Analysis on EXPE
Insiders Place Their Bets
In other news, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $271.55, for a total value of $814,650.00. Following the sale, the director owned 30,858 shares of the company’s stock, valued at approximately $8,379,489.90. This represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Lance A. Soliday sold 849 shares of Expedia Group stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $248.08, for a total transaction of $210,619.92. Following the transaction, the chief accounting officer directly owned 11,662 shares of the company’s stock, valued at approximately $2,893,108.96. This represents a 6.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 9.13% of the stock is owned by company insiders.
Expedia Group Company 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.
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