Financiere des Professionnels Fonds d investissement inc. Acquires 2,853 Shares of Expedia Group, Inc. $EXPE

Financiere des Professionnels Fonds d investissement inc. grew its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 35.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,990 shares of the online travel company’s stock after buying an additional 2,853 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Expedia Group were worth $2,537,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EXPE. Motiv8 Investments LLC bought a new stake in Expedia Group during the fourth quarter worth approximately $25,000. Entrust Financial LLC bought a new stake in shares of Expedia Group in the 4th quarter valued at approximately $26,000. JFS Wealth Advisors LLC boosted 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 purchasing an additional 44 shares during the period. Lodestone Wealth Management LLC purchased a new position in shares of Expedia Group in the 4th quarter worth approximately $29,000. Finally, DV Equities LLC purchased a new position in shares of Expedia Group in the 4th quarter worth approximately $46,000. Institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

EXPE stock opened at $270.95 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. The business’s fifty day simple moving average is $239.49 and its two-hundred day simple moving average is $244.61. Expedia Group, Inc. has a twelve month low of $174.05 and a twelve month high of $303.80. The firm has a market cap of $33.20 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 0.70 and a beta of 1.23.

Expedia Group (NASDAQ:EXPEGet Free Report) last released its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 84.33% and a net margin of 9.81%.The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. Analysts predict that Expedia Group, Inc. will post 16.98 earnings per share for the current year.

Expedia Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EXPE. Susquehanna increased their price target on Expedia Group from $240.00 to $250.00 and gave the company a “neutral” rating in a report on Monday, May 11th. DA Davidson dropped their price objective on shares of Expedia Group from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. BTIG Research reiterated a “buy” rating and set a $330.00 price objective on shares of Expedia Group in a research report on Tuesday, June 9th. Argus increased their target price on shares of Expedia Group from $270.00 to $315.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Piper Sandler raised their target price on shares of Expedia Group from $225.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $288.82.

Read Our Latest Research Report on Expedia Group

Insider Transactions at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the company’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 in the company, valued at $3,124,454.38. This represents a 6.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 4,702 shares of the firm’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 transaction 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 trade represents a 4.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 5.20% of the company’s stock.

Expedia Group Company Profile

(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.

Further Reading

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

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