Cozad Asset Management Inc. Acquires 5,482 Shares of Expedia Group, Inc. $EXPE

Cozad Asset Management Inc. boosted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 17.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,491 shares of the online travel company’s stock after buying an additional 5,482 shares during the quarter. Cozad Asset Management Inc.’s holdings in Expedia Group were worth $8,656,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Motiv8 Investments LLC acquired a new stake in shares of Expedia Group in the fourth quarter valued at approximately $25,000. Entrust Financial LLC acquired a new position in shares of Expedia Group during the 4th quarter worth approximately $26,000. Sunbelt Securities Inc. increased its holdings in shares of Expedia Group by 970.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after acquiring an additional 165 shares during the last quarter. DV Equities LLC bought a new stake in Expedia Group in the 4th quarter valued at $46,000. Finally, Cache Advisors LLC bought a new stake in Expedia Group in the 1st quarter valued at $48,000. Institutional investors own 90.76% of the company’s stock.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the transaction, the chief accounting officer directly owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This trade represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Dzielak sold 4,702 shares of Expedia Group stock in a transaction dated 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 completion of the sale, the insider owned 105,448 shares of the company’s stock, valued at $24,569,384. This trade 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.

Wall Street Analyst Weigh In

EXPE has been the subject of a number of research analyst reports. DA Davidson reduced 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 report on Friday, May 15th. Truist Financial dropped their price objective on shares of Expedia Group from $252.00 to $246.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Wedbush assumed coverage on shares of Expedia Group in a research note on Thursday, July 16th. They set an “outperform” rating and a $334.00 target price for the company. Wall Street Zen upgraded shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Finally, Dbs Bank raised shares of Expedia Group from a “hold” rating to a “moderate buy” rating in a report on Monday, May 11th. Seventeen research 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, Expedia Group currently has an average rating of “Hold” and an average target price of $290.76.

Read Our Latest Stock Analysis on Expedia Group

Expedia Group Stock Performance

NASDAQ:EXPE opened at $294.74 on Friday. The stock has a 50 day simple moving average of $252.25 and a 200 day simple moving average of $243.89. The stock has a market cap of $36.12 billion, a P/E ratio of 25.95, a PEG ratio of 0.77 and a beta of 1.23. Expedia Group, Inc. has a 1-year low of $174.05 and a 1-year high of $312.40. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43.

Expedia Group (NASDAQ:EXPEGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the prior year, the firm posted $0.40 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Research analysts anticipate that Expedia Group, Inc. will post 17.04 earnings per share for the current year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, May 28th. Expedia Group’s payout ratio is presently 16.90%.

Expedia Group 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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