Boyce & Associates Wealth Consulting Inc. purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,813 shares of the online travel company’s stock, valued at approximately $5,745,000. Expedia Group comprises about 3.5% of Boyce & Associates Wealth Consulting Inc.’s investment portfolio, making the stock its 10th largest position.
Several other hedge funds also recently added to or reduced their stakes in EXPE. First Bancorp Inc ME acquired a new stake in Expedia Group during the second quarter worth approximately $28,000. Elevation Wealth Partners LLC boosted its holdings in shares of Expedia Group by 272.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock valued at $46,000 after buying an additional 131 shares in the last quarter. Cache Advisors LLC acquired a new position in shares of Expedia Group in the 1st quarter valued at $48,000. CENTRAL TRUST Co grew its position in shares of Expedia Group by 1,147.1% in the 1st quarter. CENTRAL TRUST Co now owns 212 shares of the online travel company’s stock valued at $49,000 after buying an additional 195 shares during the last quarter. Finally, Sankala Group LLC purchased a new position in shares of Expedia Group in the 4th quarter valued at $72,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on EXPE shares. Truist Financial cut their price target on shares of Expedia Group from $309.00 to $288.00 and set a “hold” rating on the stock in a research note on Wednesday, September 30th. Robert W. Baird set a $335.00 price objective on shares of Expedia Group in a research note on Thursday, August 6th. Morgan Stanley lowered Expedia Group from an “equal weight” rating to an “underweight” rating and set a $235.00 price objective on the stock. in a report on Wednesday, September 16th. Wells Fargo & Company cut their target price on Expedia Group from $307.00 to $275.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 7th. Finally, Barclays lifted their target price on Expedia Group from $264.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Eighteen analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $315.24.
Expedia Group Stock Performance
Shares of EXPE opened at $273.44 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21. The firm has a market cap of $32.82 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 0.65 and a beta of 1.36. The company’s 50 day simple moving average is $294.57 and its 200-day simple moving average is $263.48. Expedia Group, Inc. has a 12-month low of $185.34 and a 12-month high of $342.00.
Expedia Group (NASDAQ:EXPE – Get Free Report) last announced its earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, beating analysts’ consensus estimates of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.17 billion. During the same period in the previous year, the company posted $4.24 EPS. The company’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, equities analysts predict that Expedia Group, Inc. will post 17.26 EPS for the current year.
Expedia Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th were 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 was Thursday, August 27th. Expedia Group’s dividend payout ratio (DPR) is presently 11.97%.
Insiders Place Their Bets
In other Expedia Group news, Director Craig Jacobson sold 3,133 shares of Expedia Group stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total value of $1,029,253.16. Following the transaction, the director directly owned 29,832 shares in the company, valued at approximately $9,800,408.64. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert Dzielak sold 3,003 shares of Expedia Group stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $315.00, for a total transaction of $945,945.00. Following the completion of the transaction, the insider owned 103,829 shares in the company, valued at approximately $32,706,135. This represents a 2.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 11,950 shares of company stock valued at $3,881,995. Insiders own 5.20% of the company’s stock.
About Expedia Group
Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its platforms support the search, comparison and booking of lodging, air travel, car rentals, cruises, vacation packages, activities and other travel-related offerings.
The company operates a portfolio of consumer brands that includes Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these brands, Expedia Group serves individual travelers, property owners, travel suppliers and business partners across markets in North America, Europe, Asia-Pacific and other international regions.
Expedia Group traces its origins to Expedia, which was established within Microsoft in 1996 and became an independent public company in 1999.
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