Numerai GP LLC Buys 7,000 Shares of Expedia Group, Inc. $EXPE

Numerai GP LLC boosted its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 46.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 21,996 shares of the online travel company’s stock after buying an additional 7,000 shares during the period. Expedia Group makes up 0.7% of Numerai GP LLC’s portfolio, making the stock its 27th largest holding. Numerai GP LLC’s holdings in Expedia Group were worth $4,702,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Grey Fox Wealth Advisors LLC acquired a new position in shares of Expedia Group in the third quarter valued at approximately $30,000. Rossby Financial LCC increased its stake in shares of Expedia Group by 103.8% during the third quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after purchasing an additional 82 shares during the period. SOA Wealth Advisors LLC. acquired a new stake in Expedia Group during the 3rd quarter worth approximately $36,000. Armstrong Advisory Group Inc. lifted its holdings in Expedia Group by 212.7% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock worth $37,000 after purchasing an additional 117 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its stake in Expedia Group by 43.2% in the 3rd 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 period. 90.76% of the stock is owned by institutional investors.

Insider Activity at Expedia Group

In other news, insider Robert J. Dzielak sold 8,225 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were 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 approximately $22,629,633.60. This represents a 7.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 9.13% of the company’s stock.

Wall Street Analyst Weigh In

EXPE has been the topic of a number of research reports. Jefferies Financial Group upped their price objective on Expedia Group from $270.00 to $285.00 and gave the company a “hold” rating in a report on Thursday, December 11th. Barclays boosted their target price on shares of Expedia Group from $245.00 to $260.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Royal Bank Of Canada upped their price target on shares of Expedia Group from $260.00 to $290.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 17th. Citigroup lowered their price target on shares of Expedia Group from $281.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, Evercore reissued an “outperform” rating on shares of Expedia Group in a report on Monday, February 9th. Thirteen research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $281.65.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $231.46 on Tuesday. The company has a market cap of $28.36 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 0.71 and a beta of 1.41. Expedia Group, Inc. has a fifty-two week low of $130.01 and a fifty-two week high of $303.80. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a fifty day moving average price of $246.57 and a 200-day moving average price of $243.50.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.46. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.Expedia Group’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business earned $2.39 earnings per share. As a group, equities analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $1.92 annualized dividend and a yield of 0.8%. This is an increase from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s payout ratio is 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.