Mariner LLC Increases Holdings in Expedia Group, Inc. $EXPE

Mariner LLC grew its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 10.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 548,060 shares of the online travel company’s stock after acquiring an additional 53,906 shares during the period. Mariner LLC’s holdings in Expedia Group were worth $155,285,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Motiv8 Investments LLC purchased a new stake in shares of Expedia Group in the fourth quarter worth about $25,000. Entrust Financial LLC purchased a new stake in shares of Expedia Group in the fourth quarter worth about $26,000. JFS Wealth Advisors LLC lifted its position in shares of Expedia Group by 78.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after buying an additional 44 shares in the last quarter. Lodestone Wealth Management LLC purchased a new stake in shares of Expedia Group in the fourth quarter worth about $29,000. Finally, Rossby Financial LCC lifted its position in shares of Expedia Group by 103.8% in the third quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after buying an additional 82 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 transaction, the insider owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. This represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Lance A. Soliday sold 940 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the transaction, the chief accounting officer directly owned 14,083 shares in the company, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPE has been the topic of a number of research analyst reports. Citigroup reiterated a “neutral” rating on shares of Expedia Group in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft decreased their target price on Expedia Group from $244.00 to $230.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Zacks Research downgraded Expedia Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Mizuho decreased their target price on Expedia Group from $270.00 to $245.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Finally, Robert W. Baird set a $290.00 price objective on Expedia Group in a research report on Friday, May 8th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $284.42.

Expedia Group Stock Performance

Shares of EXPE stock opened at $224.89 on Monday. Expedia Group, Inc. has a 1 year low of $160.00 and a 1 year high of $303.80. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. The stock’s 50 day simple moving average is $233.97 and its two-hundred day simple moving average is $247.18. The company has a market cap of $27.56 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 0.59 and a beta of 1.25.

Expedia Group (NASDAQ:EXPE) last released its earnings results 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. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Research analysts predict that Expedia Group, Inc. will post 17.07 earnings per share for the current year.

Expedia Group Dividend Announcement

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

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.