Lecap Asset Management Ltd. Sells 2,265 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Lecap Asset Management Ltd. reduced its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 36.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,875 shares of the online travel company’s stock after selling 2,265 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Expedia Group were worth $722,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Sanctuary Advisors LLC bought a new position in Expedia Group during the second quarter valued at about $1,159,000. Park Avenue Securities LLC grew its position in shares of Expedia Group by 11.7% during the 3rd quarter. Park Avenue Securities LLC now owns 2,864 shares of the online travel company’s stock valued at $424,000 after acquiring an additional 300 shares during the period. Czech National Bank increased its stake in shares of Expedia Group by 5.0% during the 3rd quarter. Czech National Bank now owns 25,393 shares of the online travel company’s stock worth $3,759,000 after purchasing an additional 1,202 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Expedia Group by 54.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,451 shares of the online travel company’s stock worth $215,000 after purchasing an additional 514 shares during the period. Finally, CWM LLC lifted its stake in Expedia Group by 12.1% in the third quarter. CWM LLC now owns 7,865 shares of the online travel company’s stock valued at $1,164,000 after purchasing an additional 849 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Price Performance

Shares of Expedia Group stock opened at $202.37 on Friday. The business’s 50-day moving average price is $182.07 and its 200-day moving average price is $159.92. The firm has a market capitalization of $25.97 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 0.77 and a beta of 1.82. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $205.12. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a return on equity of 49.25% and a net margin of 7.97%. Sell-side analysts forecast that Expedia Group, Inc. will post 8.76 EPS for the current fiscal year.

Expedia Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.60 annualized dividend and a yield of 0.79%. This is a boost from Expedia Group’s previous quarterly dividend of $0.34.

Insider Buying and Selling

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the sale, the director now directly owns 158,505 shares of the company’s stock, valued at approximately $26,912,563.95. The trade was a 5.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Lance A. Soliday sold 7,000 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $181.99, for a total value of $1,273,930.00. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares in the company, valued at approximately $2,035,922.13. The trade was a 38.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,951 shares of company stock valued at $5,174,510 over the last ninety days. 6.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group boosted their target price on Expedia Group from $137.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. B. Riley restated a “buy” rating and issued a $235.00 price objective (up from $220.00) on shares of Expedia Group in a research note on Friday. Oppenheimer increased their target price on shares of Expedia Group from $210.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday. DA Davidson boosted their price target on shares of Expedia Group from $190.00 to $205.00 and gave the company a “neutral” rating in a research report on Friday. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Expedia Group in a report on Friday. Nineteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Expedia Group presently has a consensus rating of “Hold” and an average price target of $187.93.

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.