Optimum Investment Advisors Increases Stake in Expedia Group Inc (EXPE)

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Optimum Investment Advisors grew its stake in shares of Expedia Group Inc (NASDAQ:EXPE) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,290 shares of the online travel company’s stock after purchasing an additional 100 shares during the period. Optimum Investment Advisors’ holdings in Expedia Group were worth $145,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alta Capital Management LLC raised its holdings in shares of Expedia Group by 4.8% in the 3rd quarter. Alta Capital Management LLC now owns 207,421 shares of the online travel company’s stock worth $27,064,000 after acquiring an additional 9,479 shares during the last quarter. Westpac Banking Corp grew its position in Expedia Group by 341.4% in the 3rd quarter. Westpac Banking Corp now owns 39,503 shares of the online travel company’s stock worth $5,154,000 after purchasing an additional 30,554 shares in the last quarter. Bank of New York Mellon Corp grew its position in Expedia Group by 2.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 985,000 shares of the online travel company’s stock worth $128,524,000 after purchasing an additional 19,603 shares in the last quarter. Quantamental Technologies LLC bought a new stake in Expedia Group in the 4th quarter worth about $291,000. Finally, State of Alaska Department of Revenue grew its position in Expedia Group by 5.8% in the 4th quarter. State of Alaska Department of Revenue now owns 38,808 shares of the online travel company’s stock worth $4,370,000 after purchasing an additional 2,114 shares in the last quarter. Hedge funds and other institutional investors own 80.65% of the company’s stock.

NASDAQ EXPE opened at $126.63 on Tuesday. Expedia Group Inc has a 1 year low of $99.07 and a 1 year high of $139.77. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.70 and a current ratio of 0.64. The company has a market capitalization of $18.90 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 1.51 and a beta of 1.04.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 7th. The online travel company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.50. The business had revenue of $2.56 billion for 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 revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. As a group, research analysts forecast that Expedia Group Inc will post 5.49 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Thursday, March 7th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Wednesday, March 6th. Expedia Group’s dividend payout ratio (DPR) is currently 26.61%.

A number of research firms have recently weighed in on EXPE. Barclays reduced their target price on shares of Expedia Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Friday, October 26th. Zacks Investment Research cut shares of Expedia Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. SunTrust Banks restated a “buy” rating and set a $180.00 price target on shares of Expedia Group in a research note on Tuesday, October 16th. BidaskClub upgraded shares of Expedia Group from a “sell” rating to a “hold” rating in a research note on Friday, November 30th. Finally, Morgan Stanley cut shares of Expedia Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $150.00 to $125.00 in a research note on Wednesday, January 9th. Eleven research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $145.11.

In other news, Director Dara Khosrowshahi sold 50,000 shares of the firm’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $125.17, for a total transaction of $6,258,500.00. Following the sale, the director now owns 462,910 shares in the company, valued at approximately $57,942,444.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lance A. Soliday sold 1,749 shares of the firm’s stock in a transaction on Wednesday, January 16th. The shares were sold at an average price of $116.70, for a total transaction of $204,108.30. Following the sale, the insider now owns 6,393 shares in the company, valued at approximately $746,063.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,030 shares of company stock worth $6,853,966. Corporate insiders own 20.96% of the company’s stock.

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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.

Featured Story: Price to Earnings Ratio (PE)

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

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