Sanctuary Advisors LLC Trims Position in Expedia Group, Inc. (NASDAQ:EXPE)

Sanctuary Advisors LLC lowered its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,862 shares of the online travel company’s stock after selling 1,262 shares during the quarter. Sanctuary Advisors LLC’s holdings in Expedia Group were worth $1,352,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. SRH Advisors LLC purchased a new position in Expedia Group during the 4th quarter worth $28,000. Grove Bank & Trust raised its holdings in Expedia Group by 676.2% during the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after purchasing an additional 142 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Expedia Group by 709.8% in the third quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after purchasing an additional 291 shares during the period. Brooklyn Investment Group acquired a new stake in Expedia Group in the third quarter valued at about $51,000. Finally, Golden State Wealth Management LLC purchased a new stake in Expedia Group in the 4th quarter valued at approximately $72,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analyst Ratings Changes

EXPE has been the subject of several recent analyst reports. JMP Securities reissued a “market perform” rating on shares of Expedia Group in a report on Friday, February 7th. Argus boosted their target price on shares of Expedia Group from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. The Goldman Sachs Group increased their price target on shares of Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a report on Friday, January 10th. Hsbc Global Res upgraded shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company upped their target price on shares of Expedia Group from $168.00 to $199.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Nineteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.64.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the sale, the insider now directly owns 74,502 shares in the company, valued at $15,325,061.40. This represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $185.15, for a total value of $1,851,500.00. Following the completion of the transaction, the director now owns 168,505 shares in the company, valued at approximately $31,198,700.75. This trade represents a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $4,577,900 in the last quarter. 6.80% of the stock is owned by insiders.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $199.76 on Wednesday. The business has a fifty day simple moving average of $186.13 and a 200-day simple moving average of $167.58. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $207.73. The company has a market cap of $25.74 billion, a P/E ratio of 22.07, a P/E/G ratio of 0.92 and a beta of 1.82. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. Equities research analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 0.80%. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s dividend payout ratio (DPR) is currently 17.68%.

Expedia Group 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.