Advisor Group Inc. Raises Position in Expedia Group Inc (EXPE)

Advisor Group Inc. grew its holdings in shares of Expedia Group Inc (NASDAQ:EXPE) by 3.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,943 shares of the online travel company’s stock after acquiring an additional 917 shares during the period. Advisor Group Inc.’s holdings in Expedia Group were worth $2,811,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in EXPE. Raymond James Financial Services Advisors Inc. raised its stake in Expedia Group by 75.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,008 shares of the online travel company’s stock worth $1,465,000 after buying an additional 5,601 shares during the last quarter. AlphaCrest Capital Management LLC bought a new position in Expedia Group during the fourth quarter worth $811,000. Bank of Nova Scotia raised its stake in Expedia Group by 418.1% during the fourth quarter. Bank of Nova Scotia now owns 125,581 shares of the online travel company’s stock worth $14,145,000 after buying an additional 101,341 shares during the last quarter. Scotia Capital Inc. raised its stake in Expedia Group by 14.6% during the fourth quarter. Scotia Capital Inc. now owns 6,553 shares of the online travel company’s stock worth $738,000 after buying an additional 833 shares during the last quarter. Finally, Raymond James & Associates raised its stake in Expedia Group by 4.9% during the fourth quarter. Raymond James & Associates now owns 161,015 shares of the online travel company’s stock worth $18,138,000 after buying an additional 7,561 shares during the last quarter. 80.64% of the stock is owned by hedge funds and other institutional investors.

Get Expedia Group alerts:

A number of brokerages recently weighed in on EXPE. Jefferies Financial Group lifted their target price on shares of Expedia Group to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 8th. Credit Suisse Group lifted their target price on shares of Expedia Group from $145.00 to $150.00 in a research note on Friday, February 8th. Needham & Company LLC lifted their target price on shares of Expedia Group from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, February 8th. Benchmark reissued a “hold” rating on shares of Expedia Group in a research note on Friday, February 8th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $125.00 target price (up previously from $115.00) on shares of Expedia Group in a research note on Friday, February 8th. Ten investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Expedia Group currently has an average rating of “Buy” and a consensus target price of $144.83.

In other news, insider Mark D. Okerstrom sold 5,531 shares of Expedia Group stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $126.80, for a total transaction of $701,330.80. Following the completion of the transaction, the insider now directly owns 68,375 shares in the company, valued at $8,669,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lance A. Soliday sold 1,635 shares of Expedia Group stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $124.56, for a total transaction of $203,655.60. Following the transaction, the chief accounting officer now owns 6,644 shares of the company’s stock, valued at $827,576.64. The disclosure for this sale can be found here. Insiders have sold 125,508 shares of company stock valued at $15,999,089 over the last quarter. Corporate insiders own 20.96% of the company’s stock.

NASDAQ:EXPE opened at $123.16 on Friday. 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 firm has a market capitalization of $18.69 billion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 1.59 and a beta of 1.04. Expedia Group Inc has a 12 month low of $104.16 and a 12 month high of $139.77.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 7th. The online travel company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 3.62% and a return on equity of 12.96%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the company posted $0.84 earnings per share. As a group, research analysts anticipate that Expedia Group Inc will post 5.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Thursday, March 7th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, March 6th. Expedia Group’s dividend payout ratio is currently 26.61%.

ILLEGAL ACTIVITY WARNING: “Advisor Group Inc. Raises Position in Expedia Group Inc (EXPE)” was originally reported by Ticker Report and is the property of of Ticker Report. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.tickerreport.com/banking-finance/4205327/advisor-group-inc-raises-position-in-expedia-group-inc-expe.html.

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, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

Further Reading: What is insider trading?

Want to see what other hedge funds are holding EXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expedia Group Inc (NASDAQ:EXPE).