Waterloo Capital L.P. Invests $243,000 in Expedia Group, Inc. (NASDAQ:EXPE)

Waterloo Capital L.P. bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,302 shares of the online travel company’s stock, valued at approximately $243,000.

Several other large investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Expedia Group in the 4th quarter valued at about $670,565,000. Geode Capital Management LLC increased its position in Expedia Group by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company’s stock worth $600,750,000 after purchasing an additional 30,163 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Expedia Group by 6.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company’s stock worth $439,808,000 after purchasing an additional 150,480 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Expedia Group by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 732,645 shares of the online travel company’s stock worth $136,514,000 after purchasing an additional 10,332 shares during the period. Finally, Amundi boosted its holdings in shares of Expedia Group by 15.3% in the 4th quarter. Amundi now owns 433,534 shares of the online travel company’s stock valued at $79,172,000 after purchasing an additional 57,621 shares during the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Stock Performance

Shares of EXPE stock opened at $139.82 on Tuesday. The stock has a market capitalization of $18.02 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 0.92 and a beta of 1.65. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The company’s 50-day simple moving average is $180.02 and its 200-day simple moving average is $175.26. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72.

Expedia Group (NASDAQ:EXPE) last released its earnings results 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 return on equity of 52.41% and a net margin of 9.01%. Equities analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s payout ratio is currently 17.68%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Truist Financial upped their price objective on Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, March 12th. B. Riley reaffirmed 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, February 7th. StockNews.com raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 15th. UBS Group reaffirmed a “neutral” rating on shares of Expedia Group in a research report on Tuesday, February 4th. Finally, BMO Capital Markets increased their price objective on shares of Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a research report on Monday, February 10th. Nineteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Expedia Group presently has an average rating of “Moderate Buy” and an average price target of $191.43.

Insider Buying and Selling at Expedia Group

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 value of $1,697,900.00. Following the completion of the transaction, the director now directly owns 158,505 shares in the company, valued at $26,912,563.95. The trade was a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert J. Dzielak sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the sale, the insider now directly owns 74,502 shares in the company, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by insiders.

About Expedia Group

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.