Daiwa Securities Group Inc. Purchases 21,556 Shares of Expedia Group, Inc. $EXPE

Daiwa Securities Group Inc. lifted its position in Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 100.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 43,067 shares of the online travel company’s stock after acquiring an additional 21,556 shares during the period. Daiwa Securities Group Inc.’s holdings in Expedia Group were worth $12,201,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. State of Wyoming lifted its stake in shares of Expedia Group by 597.0% in the fourth quarter. State of Wyoming now owns 2,098 shares of the online travel company’s stock worth $594,000 after buying an additional 1,797 shares in the last quarter. Cibc World Market Inc. raised its holdings in shares of Expedia Group by 257.4% during the fourth quarter. Cibc World Market Inc. now owns 31,089 shares of the online travel company’s stock valued at $8,808,000 after purchasing an additional 22,391 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Expedia Group by 7.3% during the fourth quarter. Sivia Capital Partners LLC now owns 5,407 shares of the online travel company’s stock valued at $1,532,000 after purchasing an additional 369 shares during the last quarter. Lido Advisors LLC raised its holdings in shares of Expedia Group by 2.6% during the fourth quarter. Lido Advisors LLC now owns 5,724 shares of the online travel company’s stock valued at $1,622,000 after purchasing an additional 143 shares during the last quarter. Finally, Transatlantique Private Wealth LLC raised its holdings in shares of Expedia Group by 2.5% during the fourth quarter. Transatlantique Private Wealth LLC now owns 8,048 shares of the online travel company’s stock valued at $2,223,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Insider Buying and Selling

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the sale, the chief accounting officer directly owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

EXPE has been the subject of several research reports. Robert W. Baird set a $290.00 price objective on shares of Expedia Group in a report on Friday, May 8th. Wall Street Zen raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Truist Financial decreased their price objective on shares of Expedia Group from $252.00 to $246.00 and set a “hold” rating for the company in a report on Monday, April 6th. Piper Sandler boosted their price objective on shares of Expedia Group from $225.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Dbs Bank raised shares of Expedia Group from a “hold” rating to a “moderate buy” rating in a report on Monday, May 11th. Sixteen equities research analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $284.42.

Read Our Latest Research Report on Expedia Group

Expedia Group Stock Up 0.7%

Shares of EXPE stock opened at $228.88 on Friday. Expedia Group, Inc. has a 12 month low of $160.00 and a 12 month high of $303.80. The stock has a market cap of $28.05 billion, a P/E ratio of 20.15, a P/E/G ratio of 0.70 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. The company has a 50 day simple moving average of $234.33 and a two-hundred day simple moving average of $247.76.

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

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, May 28th. Expedia Group’s dividend payout ratio is currently 16.90%.

About Expedia Group

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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