Deutsche Bank AG lifted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 55.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,286,093 shares of the online travel company’s stock after acquiring an additional 456,176 shares during the quarter. Deutsche Bank AG’s holdings in Expedia Group were worth $364,363,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in EXPE. Entrust Financial LLC bought a new position in shares of Expedia Group during the 4th quarter valued at approximately $26,000. JFS Wealth Advisors LLC boosted its stake in 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 bought a new position in Expedia Group in the 4th quarter worth approximately $29,000. Rossby Financial LCC boosted its stake in Expedia Group by 103.8% in the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after purchasing an additional 82 shares during the period. Finally, Sunbelt Securities Inc. boosted its stake in Expedia Group by 970.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after purchasing an additional 165 shares during the period. 90.76% of the stock is currently owned by institutional investors.
Expedia Group Stock Down 5.2%
Shares of EXPE opened at $218.94 on Thursday. The stock has a market capitalization of $26.83 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 0.60 and a beta of 1.25. Expedia Group, Inc. has a 1 year low of $160.00 and a 1 year high of $303.80. The business’s 50 day simple moving average is $234.15 and its 200-day simple moving average is $247.51. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73.
Expedia Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, May 28th. Expedia Group’s dividend payout ratio is 16.90%.
Insider Activity at Expedia Group
In other news, insider Robert J. Dzielak sold 4,702 shares of the company’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 sale, the insider directly owned 105,448 shares of the company’s stock, valued at $24,569,384. This represents a 4.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Lance A. Soliday sold 940 shares of the company’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 sale, the chief accounting officer directly owned 14,083 shares in the company, valued at $3,124,454.38. This trade represents a 6.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.20% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
EXPE has been the subject of several recent analyst reports. The Goldman Sachs Group upped their price target on Expedia Group from $325.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Citizens Jmp restated a “market perform” rating on shares of Expedia Group in a research note on Tuesday, February 17th. HSBC upped their price target on Expedia Group from $365.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Jefferies Financial Group upgraded Expedia Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $240.00 to $300.00 in a research note on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Expedia Group from $244.00 to $230.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the stock. According to data from MarketBeat, Expedia Group currently has an average rating of “Hold” and a consensus target price of $284.42.
Read Our Latest Stock Analysis 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.
See Also
- Five stocks we like better than Expedia Group
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
Want to see what other hedge funds are holding EXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expedia Group, Inc. (NASDAQ:EXPE – Free Report).
Receive News & Ratings for Expedia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Group and related companies with MarketBeat.com's FREE daily email newsletter.
