CI Investments Inc. Buys 43,432 Shares of Expedia Group, Inc. $EXPE

CI Investments Inc. boosted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 93.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 90,091 shares of the online travel company’s stock after buying an additional 43,432 shares during the period. CI Investments Inc.’s holdings in Expedia Group were worth $20,801,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of EXPE. Motiv8 Investments LLC bought a new stake in shares of Expedia Group in the fourth quarter worth about $25,000. Entrust Financial LLC purchased a new position in shares of Expedia Group in the fourth quarter valued at $26,000. JFS Wealth Advisors LLC increased its holdings in shares of Expedia Group by 78.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after buying an additional 44 shares during the last quarter. Lodestone Wealth Management LLC bought a new stake in Expedia Group during the fourth quarter worth approximately $29,000. Finally, Sunbelt Securities Inc. raised its holdings in Expedia Group by 970.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock valued at $39,000 after buying an additional 165 shares during the period. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Down 1.5%

EXPE stock opened at $261.08 on Thursday. The company has a market capitalization of $31.99 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 0.70 and a beta of 1.23. Expedia Group, Inc. has a 12 month low of $174.05 and a 12 month high of $303.80. The firm’s fifty day simple moving average is $242.88 and its 200-day simple moving average is $244.06. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 earnings per share. As a group, equities research analysts forecast that Expedia Group, Inc. will post 16.98 earnings per share for the current year.

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. Expedia Group’s payout ratio is currently 16.90%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EXPE. Deutsche Bank Aktiengesellschaft dropped their target price on Expedia Group from $244.00 to $230.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Citigroup reissued a “neutral” rating on shares of Expedia Group in a research report on Monday, May 18th. Susquehanna upped their target price on shares of Expedia Group from $240.00 to $250.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings lowered shares of Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, BTIG Research reaffirmed a “buy” rating and set a $330.00 target price on shares of Expedia Group in a research report on Tuesday, June 9th. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $288.64.

Insider Activity at Expedia Group

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

Expedia Group Profile

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.