Inceptionr LLC grew its stake in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 61.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,134 shares of the online travel company’s stock after acquiring an additional 1,961 shares during the period. Inceptionr LLC’s holdings in Expedia Group were worth $1,185,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of EXPE. Corient Private Wealth LLC increased its holdings in shares of Expedia Group by 17.8% during the 4th quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company’s stock worth $17,344,000 after buying an additional 9,256 shares during the last quarter. Monument Capital Management purchased a new stake in Expedia Group during the fourth quarter valued at about $2,781,000. Lmcg Investments LLC increased its stake in Expedia Group by 276.0% during the fourth quarter. Lmcg Investments LLC now owns 9,655 shares of the online travel company’s stock worth $2,735,000 after acquiring an additional 7,087 shares during the last quarter. North Dakota State Investment Board purchased a new position in shares of Expedia Group in the 4th quarter worth about $3,027,000. Finally, Norges Bank acquired a new position in shares of Expedia Group in the 4th quarter valued at about $861,979,000. Institutional investors and hedge funds own 90.76% of the company’s stock.
Insider Buying and Selling
In other news, CAO Lance A. Soliday sold 940 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the sale, the chief accounting officer directly owned 14,083 shares in the company, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 4,702 shares of the business’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 transaction, the insider owned 105,448 shares of the company’s stock, valued at $24,569,384. This represents a 4.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.20% of the company’s stock.
Expedia Group Trading Down 1.3%
Expedia Group (NASDAQ:EXPE – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.41 by $0.55. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 earnings per share. As a group, research analysts expect that Expedia Group, Inc. will post 16.98 EPS for the current fiscal year.
Expedia Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were paid a dividend of $0.48 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.92 annualized dividend and a yield of 0.7%. Expedia Group’s dividend payout ratio is 16.90%.
Analyst Ratings Changes
EXPE has been the topic of a number of recent research reports. B. Riley Financial reduced their price target on shares of Expedia Group from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Dbs Bank upgraded Expedia Group from a “hold” rating to a “moderate buy” rating in a report on Monday, May 11th. Cantor Fitzgerald reissued a “neutral” rating and issued a $255.00 price objective on shares of Expedia Group in a research report on Monday. Deutsche Bank Aktiengesellschaft reduced their price objective on Expedia Group from $244.00 to $230.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Finally, Barclays increased 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. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $288.64.
Read Our Latest Stock Report on Expedia Group
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.
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