Cornerstone Wealth Management LLC Takes Position in Expedia Group, Inc. $EXPE

Cornerstone Wealth Management LLC bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the fourth quarter, HoldingsChannel reports. The firm bought 2,559 shares of the online travel company’s stock, valued at approximately $725,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CI Investments Inc. increased its holdings in shares of Expedia Group by 1,735.0% in the 3rd quarter. CI Investments Inc. now owns 42,223 shares of the online travel company’s stock worth $9,025,000 after purchasing an additional 39,922 shares in the last quarter. Convergence Investment Partners LLC bought a new stake in shares of Expedia Group in the 3rd quarter worth $1,001,000. Rakuten Investment Management Inc. bought a new stake in shares of Expedia Group in the 3rd quarter worth $1,063,000. National Pension Service increased its holdings in shares of Expedia Group by 6.7% in the 3rd quarter. National Pension Service now owns 248,328 shares of the online travel company’s stock worth $53,080,000 after purchasing an additional 15,611 shares in the last quarter. Finally, Savant Capital LLC increased its holdings in shares of Expedia Group by 13.9% in the 3rd quarter. Savant Capital LLC now owns 39,700 shares of the online travel company’s stock worth $8,486,000 after purchasing an additional 4,853 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Susquehanna lifted their target price on Expedia Group from $240.00 to $250.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Piper Sandler lifted their target price on Expedia Group from $225.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Gordon Haskett reduced their target price on Expedia Group from $320.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday. TD Cowen lifted their price objective on Expedia Group from $260.00 to $285.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $260.00 price objective on shares of Expedia Group in a report on Tuesday, February 17th. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Expedia Group presently has an average rating of “Hold” and a consensus price target of $284.85.

Expedia Group Stock Performance

Shares of EXPE opened at $217.73 on Friday. 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, Inc. has a one year low of $156.05 and a one year high of $303.80. The firm has a market capitalization of $26.68 billion, a P/E ratio of 19.17, a PEG ratio of 0.68 and a beta of 1.30. The business has a fifty day moving average of $238.81 and a 200 day moving average of $249.39.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data 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. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. Expedia Group’s revenue was up 14.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 16.64 EPS for the current year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, May 28th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, May 28th. This represents a $1.92 annualized dividend and a yield of 0.9%. Expedia Group’s payout ratio is 16.90%.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 8,225 shares of Expedia Group stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the transaction, the insider directly owned 102,480 shares in the company, valued at approximately $22,629,633.60. The trade was a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.81% of the company’s stock.

Expedia Group Company 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.