Legal & General Group Plc Has $203.50 Million Position in Expedia Group, Inc. $EXPE

Legal & General Group Plc increased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 3.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 952,038 shares of the online travel company’s stock after buying an additional 28,412 shares during the quarter. Legal & General Group Plc owned 0.77% of Expedia Group worth $203,498,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPE. Orion Porfolio Solutions LLC lifted its stake in Expedia Group by 0.4% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 9,814 shares of the online travel company’s stock valued at $2,098,000 after acquiring an additional 38 shares in the last quarter. Bessemer Group Inc. boosted its position in Expedia Group by 0.8% during the 3rd quarter. Bessemer Group Inc. now owns 6,201 shares of the online travel company’s stock worth $1,325,000 after acquiring an additional 52 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Expedia Group by 8.0% during the 3rd quarter. Blue Trust Inc. now owns 745 shares of the online travel company’s stock worth $159,000 after acquiring an additional 55 shares in the last quarter. Millington Financial Advisors LLC raised its holdings in shares of Expedia Group by 0.4% in the third quarter. Millington Financial Advisors LLC now owns 13,308 shares of the online travel company’s stock valued at $2,870,000 after purchasing an additional 55 shares during the last quarter. Finally, Westside Investment Management Inc. raised its holdings in shares of Expedia Group by 43.2% in the third quarter. Westside Investment Management Inc. now owns 189 shares of the online travel company’s stock valued at $41,000 after purchasing an additional 57 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Benchmark reduced their target price on shares of Expedia Group from $310.00 to $290.00 and set a “buy” rating for the company in a report on Friday, February 13th. BTIG Research reiterated a “buy” rating and issued a $330.00 price target on shares of Expedia Group in a research note on Friday, February 13th. Mizuho cut their price target on shares of Expedia Group from $270.00 to $245.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Cantor Fitzgerald set a $245.00 price objective on shares of Expedia Group in a research note on Friday, February 13th. Finally, Weiss Ratings cut Expedia Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Thirteen analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $281.65.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the completion of the sale, the insider owned 102,480 shares of the company’s stock, valued at $22,629,633.60. This trade represents a 7.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.13% of the stock is owned by corporate insiders.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $227.65 on Friday. The business’s 50 day moving average price is $248.78 and its two-hundred day moving average price is $242.85. The company has a market cap of $27.90 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 0.71 and a beta of 1.41. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.75. Expedia Group, Inc. has a twelve month low of $130.01 and a twelve month high of $303.80.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.46. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same period last year, the firm posted $2.39 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. On average, analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be paid a $0.48 dividend. This is a boost from Expedia Group’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, March 5th. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. Expedia Group’s dividend payout ratio (DPR) is currently 19.49%.

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.