Strategic Global Advisors LLC Purchases New Shares in Expedia Group, Inc. $EXPE

Strategic Global Advisors LLC purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the fourth quarter, HoldingsChannel reports. The fund purchased 5,704 shares of the online travel company’s stock, valued at approximately $1,616,000.

Other hedge funds also recently bought and sold shares of the company. Motiv8 Investments LLC purchased a new stake in Expedia Group during the fourth quarter valued at $25,000. Entrust Financial LLC purchased a new stake in Expedia Group during the fourth quarter valued at $26,000. JFS Wealth Advisors LLC increased its position in Expedia Group by 78.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after acquiring an additional 44 shares during the last quarter. Lodestone Wealth Management LLC bought a new position in Expedia Group during the fourth quarter valued at $29,000. Finally, Rossby Financial LCC increased its position in Expedia Group by 103.8% during the third quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock valued at $35,000 after acquiring an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

NASDAQ EXPE opened at $224.89 on Monday. The company’s 50-day moving average price is $233.97 and its 200-day moving average price is $247.18. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. The stock has a market cap of $27.56 billion, a PE ratio of 19.80, a PEG ratio of 0.59 and a beta of 1.25. Expedia Group, Inc. has a 12 month low of $160.00 and a 12 month high of $303.80.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 earnings per share. Equities research analysts forecast that Expedia Group, Inc. will post 17.07 earnings per share for the current year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th will be issued a $0.48 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.9%. Expedia Group’s dividend payout ratio is presently 16.90%.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 4,702 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $233.00, for a total value of $1,095,566.00. Following the transaction, the insider directly owned 105,448 shares in the company, valued at approximately $24,569,384. This represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 940 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the transaction, the chief accounting officer owned 14,083 shares in the company, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on EXPE. Citizens Jmp reiterated a “market perform” rating on shares of Expedia Group in a research report on Tuesday, February 17th. Cantor Fitzgerald reiterated a “neutral” rating and set a $240.00 price objective on shares of Expedia Group in a research report on Monday, April 27th. Wall Street Zen upgraded shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Weiss Ratings cut shares of Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, DA Davidson cut their price objective on shares of Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the company. According to MarketBeat.com, Expedia Group has an average rating of “Hold” and a consensus price target of $284.42.

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.