NuWave Investment Management LLC Takes Position in Expedia Group Inc (NASDAQ:EXPE)

NuWave Investment Management LLC purchased a new position in shares of Expedia Group Inc (NASDAQ:EXPE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,797 shares of the online travel company’s stock, valued at approximately $541,000. Expedia Group makes up about 0.9% of NuWave Investment Management LLC’s investment portfolio, making the stock its 26th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of the company. Bank of Montreal Can grew its holdings in Expedia Group by 160.6% during the 4th quarter. Bank of Montreal Can now owns 390,741 shares of the online travel company’s stock valued at $44,016,000 after buying an additional 240,827 shares in the last quarter. Landsberg Bennett & Dubbaneh LLC bought a new stake in shares of Expedia Group in the fourth quarter worth $242,000. Nisa Investment Advisors LLC increased its position in Expedia Group by 1.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 42,118 shares of the online travel company’s stock valued at $4,745,000 after purchasing an additional 617 shares during the period. BTIM Corp. grew its holdings in shares of Expedia Group by 30.3% during the fourth quarter. BTIM Corp. now owns 26,545 shares of the online travel company’s stock worth $2,990,000 after purchasing an additional 6,175 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. lifted its holdings in Expedia Group by 3.9% in the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 12,964 shares of the online travel company’s stock valued at $1,460,000 after acquiring an additional 488 shares during the period. 80.65% of the stock is owned by institutional investors and hedge funds.

Several research analysts have commented on EXPE shares. Jefferies Financial Group upped their target price on shares of Expedia Group to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 8th. Credit Suisse Group upped their target price on shares of Expedia Group from $145.00 to $150.00 in a research report on Friday, February 8th. Needham & Company LLC boosted their price objective on Expedia Group from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, February 8th. Benchmark reiterated a “hold” rating on shares of Expedia Group in a research report on Friday, February 8th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $125.00 price objective (up previously from $115.00) on shares of Expedia Group in a report on Friday, February 8th. Ten research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Expedia Group currently has an average rating of “Buy” and an average price target of $145.63.

Expedia Group stock opened at $127.46 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.70. Expedia Group Inc has a 52 week low of $99.07 and a 52 week high of $139.77. The company has a market capitalization of $18.90 billion, a P/E ratio of 26.50, a PEG ratio of 1.51 and a beta of 1.04.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, February 7th. The online travel company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.50. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.55 billion. Expedia Group had a net margin of 3.62% and a return on equity of 12.96%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 EPS. Equities analysts forecast that Expedia Group Inc will post 5.49 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Thursday, March 7th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, March 6th. Expedia Group’s dividend payout ratio (DPR) is 26.61%.

In other Expedia Group news, Director Dara Khosrowshahi sold 50,000 shares of the firm’s stock in a transaction dated 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 owns 462,910 shares of the company’s stock, valued at $60,321,802.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lance A. Soliday sold 1,749 shares of the business’s stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $116.70, for a total transaction of $204,108.30. Following the transaction, 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 sold 101,749 shares of company stock worth $12,978,108. Company insiders own 20.96% of the company’s stock.

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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, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

See Also: Intrinsic Value and Stock Selection

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

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