Thornburg Investment Management Inc. Buys 5,158 Shares of Expedia Group Inc (EXPE)

Thornburg Investment Management Inc. increased its stake in Expedia Group Inc (NASDAQ:EXPE) by 1.8% during the first quarter, HoldingsChannel.com reports. The firm owned 293,814 shares of the online travel company’s stock after purchasing an additional 5,158 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Expedia Group were worth $34,964,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in shares of Expedia Group by 3.3% in the fourth quarter. BlackRock Inc. now owns 7,832,787 shares of the online travel company’s stock worth $882,363,000 after purchasing an additional 250,021 shares during the last quarter. Boston Partners increased its holdings in shares of Expedia Group by 18.1% in the first quarter. Boston Partners now owns 1,560,807 shares of the online travel company’s stock worth $185,736,000 after purchasing an additional 239,587 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Expedia Group by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 1,558,162 shares of the online travel company’s stock worth $175,222,000 after purchasing an additional 104,159 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Expedia Group by 2.8% in the fourth quarter. Northern Trust Corp now owns 1,385,819 shares of the online travel company’s stock worth $156,112,000 after purchasing an additional 37,368 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of Expedia Group by 8.9% in the third quarter. Morgan Stanley now owns 1,065,996 shares of the online travel company’s stock worth $139,091,000 after purchasing an additional 86,901 shares during the last quarter. 80.53% of the stock is currently owned by institutional investors.

In other Expedia Group news, insider Mark D. Okerstrom sold 5,531 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $126.66, for a total transaction of $700,556.46. Following the completion of the transaction, the insider now owns 70,532 shares in the company, valued at $8,933,583.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lance A. Soliday sold 1,635 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $124.56, for a total value of $203,655.60. Following the transaction, the chief accounting officer now owns 6,644 shares of the company’s stock, valued at approximately $827,576.64. The disclosure for this sale can be found here. Insiders have sold 12,697 shares of company stock valued at $1,615,775 in the last 90 days. Company insiders own 20.96% of the company’s stock.

Several equities research analysts have recently issued reports on EXPE shares. SunTrust Banks reaffirmed a “buy” rating and issued a $180.00 target price on shares of Expedia Group in a report on Monday, February 4th. Telsey Advisory Group set a $125.00 target price on Expedia Group and gave the stock a “hold” rating in a report on Friday, May 3rd. Vertical Group started coverage on Expedia Group in a report on Thursday, January 31st. They issued a “positive” rating on the stock. Bank of America reaffirmed a “buy” rating and issued a $148.00 target price (up from $142.00) on shares of Expedia Group in a report on Tuesday, February 5th. Finally, Credit Suisse Group lifted their target price on Expedia Group from $145.00 to $150.00 in a report on Friday, February 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $146.90.

EXPE traded down $0.97 on Friday, hitting $117.20. The company had a trading volume of 55,608 shares, compared to its average volume of 1,802,322. The firm has a market cap of $17.23 billion, a P/E ratio of 24.40, a P/E/G ratio of 1.68 and a beta of 0.96. Expedia Group Inc has a 12-month low of $108.11 and a 12-month high of $139.77. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.74.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, May 2nd. The online travel company reported ($0.27) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.61) by $0.34. Expedia Group had a return on equity of 13.41% and a net margin of 3.89%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter last year, the business posted ($0.36) earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. On average, research analysts forecast that Expedia Group Inc will post 5.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 23rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.28 annualized dividend and a dividend yield of 1.09%. Expedia Group’s dividend payout ratio (DPR) is presently 26.61%.

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

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

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