Profund Advisors LLC Cuts Stock Position in Expedia Group Inc (NASDAQ:EXPE)

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Profund Advisors LLC lessened its position in shares of Expedia Group Inc (NASDAQ:EXPE) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,033 shares of the online travel company’s stock after selling 365 shares during the period. Profund Advisors LLC’s holdings in Expedia Group were worth $4,545,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXPE. Citizens Financial Group Inc RI boosted its holdings in shares of Expedia Group by 1,041.7% in the 4th quarter. Citizens Financial Group Inc RI now owns 274 shares of the online travel company’s stock worth $30,000 after purchasing an additional 250 shares in the last quarter. Legacy Bridge LLC raised its position in shares of Expedia Group by 384.6% in the 4th quarter. Legacy Bridge LLC now owns 315 shares of the online travel company’s stock worth $34,000 after acquiring an additional 250 shares in the last quarter. FTB Advisors Inc. raised its position in shares of Expedia Group by 91.4% in the 4th quarter. FTB Advisors Inc. now owns 335 shares of the online travel company’s stock worth $36,000 after acquiring an additional 160 shares in the last quarter. FNY Investment Advisers LLC raised its position in shares of Expedia Group by 48.2% in the 4th quarter. FNY Investment Advisers LLC now owns 415 shares of the online travel company’s stock worth $44,000 after acquiring an additional 135 shares in the last quarter. Finally, Altshuler Shaham Ltd raised its position in shares of Expedia Group by 20,200.0% in the 4th quarter. Altshuler Shaham Ltd now owns 406 shares of the online travel company’s stock worth $44,000 after acquiring an additional 404 shares in the last quarter. 95.72% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on EXPE. Deutsche Bank decreased their target price on Expedia Group from $130.00 to $80.00 and set a “buy” rating for the company in a research report on Monday. UBS Group reduced their price objective on Expedia Group from $150.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of Expedia Group in a research report on Thursday, December 5th. Oppenheimer raised their price objective on Expedia Group from to in a research report on Tuesday, February 18th. Finally, Morgan Stanley raised their price objective on Expedia Group from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $125.89.

In other news, CAO Lance A. Soliday sold 2,722 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $122.19, for a total transaction of $332,601.18. Following the sale, the chief accounting officer now directly owns 6,476 shares of the company’s stock, valued at approximately $791,302.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Shares of NASDAQ:EXPE traded down $1.48 during trading hours on Thursday, hitting $64.41. 5,244,368 shares of the company’s stock traded hands, compared to its average volume of 3,720,248. Expedia Group Inc has a 1 year low of $40.76 and a 1 year high of $144.00. The business has a fifty day moving average price of $93.50 and a 200-day moving average price of $111.94. The firm has a market capitalization of $8.33 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 2.07 and a beta of 1.00. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.72 and a quick ratio of 0.72.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 13th. The online travel company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.37. Expedia Group had a return on equity of 13.15% and a net margin of 4.68%. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.76 billion. As a group, equities analysts predict that Expedia Group Inc will post 2.3 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Monday, March 9th. Expedia Group’s payout ratio is currently 27.70%.

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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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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