Boothbay Fund Management LLC Sells 4,568,821 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Boothbay Fund Management LLC decreased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 99.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,004 shares of the online travel company’s stock after selling 4,568,821 shares during the quarter. Boothbay Fund Management LLC’s holdings in Expedia Group were worth $1,491,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EXPE. SRH Advisors LLC bought a new stake in shares of Expedia Group in the 4th quarter valued at about $28,000. Sava Infond d.o.o. bought a new stake in Expedia Group in the fourth quarter valued at approximately $28,000. Grove Bank & Trust increased its stake in Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 142 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new stake in Expedia Group in the fourth quarter worth $34,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Expedia Group by 75.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company’s stock worth $51,000 after purchasing an additional 117 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on EXPE shares. StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 15th. Wells Fargo & Company set a $143.00 price target on Expedia Group and gave the stock an “equal weight” rating in a research report on Monday, April 7th. Morgan Stanley decreased their price objective on Expedia Group from $190.00 to $150.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. JMP Securities restated a “market perform” rating on shares of Expedia Group in a report on Friday, February 7th. Finally, Truist Financial upped their price target on shares of Expedia Group from $163.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, March 12th. Nineteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.89.

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the director now directly owns 158,505 shares in the company, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $161.24 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. 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, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73. The stock has a 50 day moving average of $168.01 and a 200-day moving average of $175.53.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data 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%. As a group, equities research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were issued a dividend of $0.40 per share. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Expedia Group’s payout ratio is presently 17.68%.

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.