Tidal Investments LLC increased its holdings in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 47.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,146 shares of the online travel company’s stock after acquiring an additional 10,331 shares during the quarter. Tidal Investments LLC’s holdings in Expedia Group were worth $8,226,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Archford Capital Strategies LLC purchased a new position in Expedia Group during the 2nd quarter valued at $255,000. National Pension Service lifted its position in shares of Expedia Group by 13.1% in the 2nd quarter. National Pension Service now owns 347,467 shares of the online travel company’s stock worth $88,910,000 after purchasing an additional 40,328 shares during the period. WINTON GROUP Ltd lifted its position in shares of Expedia Group by 456.7% in the 2nd quarter. WINTON GROUP Ltd now owns 21,527 shares of the online travel company’s stock worth $5,508,000 after purchasing an additional 17,660 shares during the period. Capital Analysts LLC boosted its stake in shares of Expedia Group by 550.0% during the 2nd quarter. Capital Analysts LLC now owns 845 shares of the online travel company’s stock valued at $216,000 after purchasing an additional 715 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of Expedia Group by 14.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 13,112 shares of the online travel company’s stock valued at $3,355,000 after purchasing an additional 1,606 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.
Expedia Group Price Performance
EXPE stock opened at $280.83 on Friday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a 50 day moving average price of $296.44 and a 200-day moving average price of $256.51. Expedia Group, Inc. has a 52-week low of $185.34 and a 52-week high of $342.00. The firm has a market capitalization of $33.71 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 0.69 and a beta of 1.25.
Expedia Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, August 27th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 27th. Expedia Group’s dividend payout ratio is 11.97%.
Insider Buying and Selling at Expedia Group
In other news, insider Robert J. Dzielak sold 1,004 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $335.00, for a total transaction of $336,340.00. Following the sale, the insider owned 104,331 shares in the company, valued at $34,950,885. This represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Lance A. Soliday sold 2,810 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total transaction of $909,456.50. Following the sale, the chief accounting officer directly owned 12,006 shares of the company’s stock, valued at $3,885,741.90. This trade represents a 18.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 11,950 shares of company stock worth $3,881,995. 5.20% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. BMO Capital Markets reissued a “market perform” rating and issued a $285.00 price target on shares of Expedia Group in a research note on Friday, August 7th. Wall Street Zen downgraded Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. BTIG Research raised their target price on Expedia Group from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Benchmark upped their price target on Expedia Group from $290.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, UBS Group increased their price objective on Expedia Group from $322.00 to $351.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Eighteen analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $318.71.
Check Out Our Latest Analysis on EXPE
Expedia Group Profile
Expedia Group, Inc is an online travel company that connects travelers with lodging, transportation, activities and other travel-related services. Its consumer brands include Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these platforms, customers can search for and book hotel stays, vacation rentals, flights, rental cars, cruises, vacation packages and activities.
The company also provides business-to-business travel technology and booking services through its partnerships with airlines, hotels, financial institutions, retailers and other organizations.
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