Lido Advisors LLC Boosts Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Lido Advisors LLC increased its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 3,050.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,356 shares of the online travel company’s stock after purchasing an additional 45,853 shares during the period. Lido Advisors LLC’s holdings in Expedia Group were worth $8,824,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Expedia Group during the fourth quarter valued at approximately $670,565,000. Bridgewater Associates LP boosted its position in Expedia Group by 73.4% during the 4th quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company’s stock valued at $159,175,000 after buying an additional 361,543 shares during the period. Marshall Wace LLP purchased a new stake in Expedia Group during the 4th quarter valued at $58,367,000. Natixis increased its position in shares of Expedia Group by 9,987.1% in the fourth quarter. Natixis now owns 302,614 shares of the online travel company’s stock valued at $56,386,000 after acquiring an additional 299,614 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of Expedia Group by 245.0% during the fourth quarter. First Trust Advisors LP now owns 366,414 shares of the online travel company’s stock worth $68,274,000 after purchasing an additional 260,197 shares during the period. Institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on EXPE. Hsbc Global Res raised shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 7th. Truist Financial upped their target price on Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, March 12th. JPMorgan Chase & Co. decreased their target price on Expedia Group from $205.00 to $170.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. JMP Securities reaffirmed a “market perform” rating on shares of Expedia Group in a research note on Friday, February 7th. Finally, Piper Sandler lowered their price objective on Expedia Group from $210.00 to $174.00 and set a “neutral” rating for the company in a research report on Monday. Nineteen analysts have rated the stock with a hold rating, eleven have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $191.89.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $161.24 on Tuesday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. Expedia Group, Inc. has a 1-year low of $107.25 and a 1-year high of $207.73. The firm’s 50 day simple moving average is $168.01 and its two-hundred day simple moving average is $175.53. The company has a market capitalization of $20.78 billion, a P/E ratio of 17.82, a P/E/G ratio of 0.92 and a beta of 1.65.

Expedia Group (NASDAQ:EXPE) last announced 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 52.41% and a net margin of 9.01%. Research analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Thursday, March 6th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s dividend payout ratio (DPR) is 17.68%.

Insider Buying and Selling

In related news, Director Dara Khosrowshahi sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $169.79, for a total value of $1,697,900.00. Following the transaction, the director now owns 158,505 shares of the company’s stock, valued at $26,912,563.95. This trade represents a 5.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were 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 of the company’s stock, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

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.