5,403 Shares in Expedia Group Inc (EXPE) Purchased by Martingale Asset Management L P

Share on StockTwits

Martingale Asset Management L P purchased a new stake in Expedia Group Inc (NASDAQ:EXPE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,403 shares of the online travel company’s stock, valued at approximately $609,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Bridge LLC bought a new stake in shares of Expedia Group in the 4th quarter valued at about $35,000. Rational Advisors LLC bought a new stake in shares of Expedia Group in the 4th quarter valued at about $38,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Expedia Group by 47.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 419 shares of the online travel company’s stock valued at $47,000 after buying an additional 135 shares during the last quarter. River Wealth Advisors LLC grew its position in shares of Expedia Group by 50.0% in the 4th quarter. River Wealth Advisors LLC now owns 540 shares of the online travel company’s stock valued at $61,000 after buying an additional 180 shares during the last quarter. Finally, First Interstate Bank bought a new stake in shares of Expedia Group in the 4th quarter valued at about $93,000. Hedge funds and other institutional investors own 79.04% of the company’s stock.

In other news, insider Lance A. Soliday sold 1,749 shares of the company’s stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $116.70, for a total value of $204,108.30. Following the completion of the transaction, the insider now directly owns 6,393 shares of the company’s stock, valued at $746,063.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 50,000 shares of the stock in a transaction on Friday, February 8th. The shares were sold at an average price of $130.31, for a total value of $6,515,500.00. Following the transaction, the director now directly owns 462,910 shares of the company’s stock, valued at $60,321,802.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,508 shares of company stock valued at $15,999,089. 20.96% of the stock is currently owned by corporate insiders.

A number of equities research analysts have commented on the company. Zacks Investment Research lowered Expedia Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. BidaskClub upgraded Expedia Group from a “sell” rating to a “hold” rating in a research report on Friday, November 30th. Morgan Stanley lowered Expedia Group from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $150.00 to $125.00 in a research report on Wednesday, January 9th. Bank of America reiterated a “buy” rating and issued a $148.00 price target (up previously from $142.00) on shares of Expedia Group in a research report on Tuesday, February 5th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $165.00 price target on shares of Expedia Group in a research report on Friday, February 8th. Eleven investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Expedia Group currently has a consensus rating of “Buy” and an average target price of $144.83.

EXPE stock opened at $120.80 on Friday. The company has a market capitalization of $17.74 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 1.51 and a beta of 0.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.64. Expedia Group Inc has a 12-month low of $104.16 and a 12-month high of $139.77.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 7th. The online travel company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.50. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.55 billion. Expedia Group had a return on equity of 12.96% and a net margin of 3.62%. Expedia Group’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. Analysts anticipate that Expedia Group Inc will post 5.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Thursday, March 7th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Wednesday, March 6th. Expedia Group’s dividend payout ratio is presently 26.61%.

TRADEMARK VIOLATION WARNING: This story was posted by Ticker Report and is owned by of Ticker Report. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/4223748/5403-shares-in-expedia-group-inc-expe-purchased-by-martingale-asset-management-l-p.html.

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.

Recommended Story: Cost of Capital Explained

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

Receive News & Ratings for Expedia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Head to Head Analysis: Key Energy Services  vs. RPC
Head to Head Analysis: Key Energy Services vs. RPC
Colu Local Network  Price Up 4.3% This Week
Colu Local Network Price Up 4.3% This Week
Gladstone Capital Co.  Expected to Announce Earnings of $0.21 Per Share
Gladstone Capital Co. Expected to Announce Earnings of $0.21 Per Share
Bitcoin Gold Reaches Market Capitalization of $392.92 Million
Bitcoin Gold Reaches Market Capitalization of $392.92 Million
Quanta Services Inc  Receives $42.80 Average PT from Brokerages
Quanta Services Inc Receives $42.80 Average PT from Brokerages
PHI Token  Price Hits $0.15 on Major Exchanges
PHI Token Price Hits $0.15 on Major Exchanges


© 2006-2019 Ticker Report