Coppell Advisory Solutions LLC acquired a new position in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) during the second quarter, Holdings Channel reports. The firm acquired 26,295 shares of the online travel company’s stock, valued at approximately $67,000.
Other large investors also recently added to or reduced their stakes in the company. Motiv8 Investments LLC bought a new position in Expedia Group in the 4th quarter worth about $25,000. Entrust Financial LLC bought a new stake in shares of Expedia Group during the 4th quarter valued at about $26,000. First Bancorp Inc ME purchased a new position in shares of Expedia Group during the second quarter worth about $28,000. Sunbelt Securities Inc. grew its holdings in shares of Expedia Group by 970.6% during the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after purchasing an additional 165 shares in the last quarter. Finally, Elevation Wealth Partners LLC increased its position in shares of Expedia Group by 272.9% in the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock worth $46,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Susquehanna increased their price target on shares of Expedia Group from $250.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Benchmark lifted their price objective on shares of Expedia Group from $290.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Expedia Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. TD Cowen increased their target price on Expedia Group from $285.00 to $320.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Finally, Wells Fargo & Company raised their price target on Expedia Group from $303.00 to $307.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Eighteen research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Expedia Group presently has a consensus rating of “Hold” and a consensus target price of $318.71.
Expedia Group Stock Performance
Shares of EXPE stock opened at $303.14 on Friday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. Expedia Group, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $342.00. The stock has a 50 day moving average price of $294.15 and a two-hundred day moving average price of $253.52. The company has a market capitalization of $36.38 billion, a P/E ratio of 18.90, a PEG ratio of 0.75 and a beta of 1.25.
Expedia Group (NASDAQ:EXPE – Get Free Report) last issued its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.17 billion. During the same quarter last year, the business earned $4.24 earnings per share. The business’s revenue was up 14.0% on a year-over-year basis. Analysts expect that Expedia Group, Inc. will post 17.15 earnings per share for the current year.
Expedia Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $1.92 annualized dividend and a yield of 0.6%. Expedia Group’s dividend payout ratio is presently 11.97%.
Insiders Place Their Bets
In other Expedia Group news, insider Robert Dzielak sold 1,004 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $335.00, for a total value of $336,340.00. Following the sale, the insider owned 104,331 shares of the company’s stock, valued at $34,950,885. This trade represents a 0.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Lance Soliday sold 2,810 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total transaction of $909,456.50. Following the completion of the transaction, the chief accounting officer owned 12,006 shares in the company, valued at $3,885,741.90. The trade was a 18.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,950 shares of company stock valued at $3,881,995 in the last quarter. Insiders own 5.20% of the company’s stock.
About Expedia Group
Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.
Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.
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