L2 Asset Management LLC raised its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 9.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 39,649 shares of the online travel company’s stock after buying an additional 3,570 shares during the quarter. Expedia Group comprises about 1.5% of L2 Asset Management LLC’s portfolio, making the stock its 13th biggest position. L2 Asset Management LLC’s holdings in Expedia Group were worth $11,233,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Motiv8 Investments LLC purchased a new position in Expedia Group during the 4th quarter valued at about $25,000. Entrust Financial LLC purchased a new position in Expedia Group during the 4th quarter valued at about $26,000. JFS Wealth Advisors LLC grew its holdings in Expedia Group by 78.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after buying an additional 44 shares in the last quarter. Lodestone Wealth Management LLC purchased a new position in Expedia Group during the 4th quarter valued at about $29,000. Finally, Rossby Financial LCC grew its holdings in Expedia Group by 103.8% during the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock valued at $35,000 after buying an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.
Expedia Group Stock Up 5.4%
Shares of NASDAQ EXPE opened at $236.98 on Tuesday. Expedia Group, Inc. has a 12 month low of $160.00 and a 12 month high of $303.80. 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 firm has a market capitalization of $29.04 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 0.59 and a beta of 1.25. The business has a 50-day moving average of $234.20 and a 200-day moving average of $247.03.
Expedia Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, May 28th will be given a $0.48 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. Expedia Group’s payout ratio is presently 16.90%.
Insider Buying and Selling
In related news, insider Robert J. Dzielak sold 4,702 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was 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 in the company, valued at $24,569,384. The trade was a 4.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total value of $208,548.40. Following the completion of the sale, the chief accounting officer owned 14,083 shares of the company’s stock, valued at $3,124,454.38. The trade was a 6.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.20% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on EXPE shares. Zacks Research lowered Expedia Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Mizuho reduced their target price on Expedia Group from $270.00 to $245.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. B. Riley Financial reduced their target price on Expedia Group from $360.00 to $350.00 and set a “buy” rating for the company in a report on Monday, April 27th. Argus reduced their target price on Expedia Group from $345.00 to $250.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Finally, Gordon Haskett reduced their target price on Expedia Group from $320.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the stock. Based on data from MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and a consensus price target of $284.42.
Get Our Latest Research Report on EXPE
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.
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