CIBC Asset Management Inc grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 61.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,933 shares of the online travel company’s stock after buying an additional 10,685 shares during the quarter. CIBC Asset Management Inc’s holdings in Expedia Group were worth $7,914,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Marble Wealth LLC purchased a new stake in shares of Expedia Group during the 4th quarter valued at $289,000. Calton & Associates Inc. purchased a new stake in shares of Expedia Group during the 4th quarter valued at $210,000. Dynasty Wealth Management LLC raised its position in shares of Expedia Group by 10.4% during the 4th quarter. Dynasty Wealth Management LLC now owns 3,124 shares of the online travel company’s stock valued at $885,000 after buying an additional 294 shares in the last quarter. 3Chopt Investment Partners LLC raised its position in shares of Expedia Group by 8.0% during the 4th quarter. 3Chopt Investment Partners LLC now owns 3,117 shares of the online travel company’s stock valued at $883,000 after buying an additional 231 shares in the last quarter. Finally, Allen Investment Management LLC purchased a new stake in shares of Expedia Group during the 4th quarter valued at $230,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Piper Sandler raised their price objective on shares of Expedia Group from $225.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Barclays raised their price objective on shares of Expedia Group from $260.00 to $264.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. HSBC lifted their target price on shares of Expedia Group from $365.00 to $387.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. UBS Group decreased their target price on shares of Expedia Group from $266.00 to $262.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Finally, TD Cowen lifted their target price on shares of Expedia Group from $260.00 to $285.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Sixteen analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $284.42.
Expedia Group Trading Up 0.7%
Shares of EXPE opened at $228.88 on Friday. The firm’s 50-day moving average price is $234.33 and its 200-day moving average price is $247.76. The firm has a market capitalization of $28.05 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 0.69 and a beta of 1.25. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. Expedia Group, Inc. has a 1-year low of $160.00 and a 1-year high of $303.80.
Expedia Group (NASDAQ:EXPE – Get Free Report) last announced its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates 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 for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 EPS. Sell-side analysts anticipate that Expedia Group, Inc. will post 17.07 EPS for the current year.
Expedia Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. Expedia Group’s payout ratio is presently 16.90%.
Insider Buying and Selling at Expedia Group
In other news, CAO Lance A. Soliday sold 940 shares of Expedia Group stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the sale, the chief accounting officer owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.20% of the company’s stock.
Expedia Group Company 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.
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