Robeco Institutional Asset Management B.V. grew its position in Expedia Group Inc (NASDAQ:EXPE) by 875.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,694 shares of the online travel company’s stock after buying an additional 17,676 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Expedia Group were worth $2,569,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Artisan Partners Limited Partnership raised its position in shares of Expedia Group by 324.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 5,445,867 shares of the online travel company’s stock valued at $654,539,000 after buying an additional 4,163,557 shares in the last quarter. First Trust Advisors LP raised its position in shares of Expedia Group by 1.7% in the 3rd quarter. First Trust Advisors LP now owns 1,858,394 shares of the online travel company’s stock valued at $242,483,000 after buying an additional 30,761 shares in the last quarter. Northern Trust Corp raised its position in shares of Expedia Group by 1.4% in the 2nd quarter. Northern Trust Corp now owns 1,339,279 shares of the online travel company’s stock valued at $160,968,000 after buying an additional 17,890 shares in the last quarter. Morgan Stanley raised its position in shares of Expedia Group by 128.4% in the 2nd quarter. Morgan Stanley now owns 979,095 shares of the online travel company’s stock valued at $117,678,000 after buying an additional 550,396 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of Expedia Group by 4.7% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 944,597 shares of the online travel company’s stock valued at $113,531,000 after buying an additional 42,077 shares in the last quarter. Institutional investors own 79.65% of the company’s stock.
EXPE opened at $113.09 on Friday. Expedia Group Inc has a fifty-two week low of $98.52 and a fifty-two week high of $139.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market cap of $16.88 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 1.51 and a beta of 1.21.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Wednesday, November 14th. Expedia Group’s payout ratio is 34.41%.
In other Expedia Group news, insider Lance A. Soliday sold 3,281 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $119.28, for a total transaction of $391,357.68. Following the sale, the insider now directly owns 7,674 shares of the company’s stock, valued at approximately $915,354.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 20.96% of the company’s stock.
Several equities analysts have recently commented on the stock. BidaskClub cut shares of Expedia Group from a “hold” rating to a “sell” rating in a research report on Wednesday. TheStreet lowered shares of Expedia Group from a “b” rating to a “c+” rating in a report on Wednesday, November 14th. Zacks Investment Research reaffirmed a “buy” rating and set a $136.00 price target on shares of Expedia Group in a report on Tuesday, November 13th. Royal Bank of Canada lifted their price target on shares of Expedia Group to $163.00 and gave the company an “outperform” rating in a report on Friday, October 26th. Finally, Barclays decreased their price target on shares of Expedia Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $147.79.
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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.
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