Park Capital Management LLC WI Invests $1.10 Million in Expedia Group, Inc. $EXPE

Park Capital Management LLC WI acquired a new position in Expedia Group, Inc. (NASDAQ:EXPE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,893 shares of the online travel company’s stock, valued at approximately $1,103,000. Expedia Group makes up about 0.8% of Park Capital Management LLC WI’s investment portfolio, making the stock its 23rd biggest position.

Several other hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Expedia Group during the second quarter worth about $663,882,000. Wellington Management Group LLP raised its position in shares of Expedia Group by 24,899.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after purchasing an additional 1,801,232 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Expedia Group by 102.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock valued at $492,152,000 after purchasing an additional 1,473,386 shares during the last quarter. Voloridge Investment Management LLC boosted its stake in Expedia Group by 465.6% in the 3rd quarter. Voloridge Investment Management LLC now owns 452,867 shares of the online travel company’s stock worth $96,800,000 after purchasing an additional 372,798 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in Expedia Group by 1,933.8% in the 3rd quarter. Tidal Investments LLC now owns 357,635 shares of the online travel company’s stock worth $76,444,000 after purchasing an additional 340,050 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Stock Down 1.8%

Expedia Group stock opened at $235.18 on Friday. The business’s 50-day moving average price is $241.81 and its 200 day moving average price is $243.77. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.75. The firm has a market cap of $28.82 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 0.74 and a beta of 1.41. Expedia Group, Inc. has a 52 week low of $130.01 and a 52 week 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 EPS for the quarter, topping the consensus estimate of $3.32 by $0.46. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.41 billion. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.39 EPS. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share 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. The ex-dividend date is Thursday, March 5th. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. This is a boost from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s dividend payout ratio (DPR) is presently 19.49%.

Insider Activity

In related news, insider Robert J. Dzielak sold 8,225 shares of Expedia Group stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total value of $1,816,244.50. Following the sale, the insider owned 102,480 shares of the company’s stock, valued at approximately $22,629,633.60. This trade represents a 7.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.13% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on EXPE. Cantor Fitzgerald set a $245.00 price target on shares of Expedia Group in a report on Friday, February 13th. Jefferies Financial Group upped their target price on Expedia Group from $270.00 to $285.00 and gave the company a “hold” rating in a research report on Thursday, December 11th. Barclays raised their target price on Expedia Group from $245.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Wall Street Zen cut Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, BTIG Research reiterated a “buy” rating and set a $330.00 price target on shares of Expedia Group in a research note on Monday, March 16th. Thirteen analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $281.65.

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.