Independent Financial Group LLC Acquires New Holdings in Expedia Group, Inc. $EXPE

Independent Financial Group LLC bought a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,073 shares of the online travel company’s stock, valued at approximately $479,000.

Other large investors have also added to or reduced their stakes in the company. Corient Private Wealth LLC raised its position in shares of Expedia Group by 17.8% during the 4th quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company’s stock worth $17,344,000 after purchasing an additional 9,256 shares during the period. Monument Capital Management acquired a new position in Expedia Group during the 4th quarter valued at approximately $2,781,000. Lmcg Investments LLC grew its stake in Expedia Group by 276.0% during the 4th quarter. Lmcg Investments LLC now owns 9,655 shares of the online travel company’s stock worth $2,735,000 after buying an additional 7,087 shares during the last quarter. North Dakota State Investment Board bought a new position in Expedia Group during the 4th quarter worth $3,027,000. Finally, Norges Bank bought a new position in Expedia Group during the 4th quarter worth $861,979,000. Institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wedbush started coverage on shares of Expedia Group in a report on Thursday, July 16th. They set an “outperform” rating and a $334.00 price target for the company. Jefferies Financial Group increased their price objective on shares of Expedia Group from $300.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. DA Davidson cut their price objective on shares of Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Gordon Haskett dropped their price target on shares of Expedia Group from $320.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Finally, Susquehanna raised their price target on shares of Expedia Group from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Expedia Group presently has an average rating of “Hold” and an average price target of $288.64.

Insider Buying and Selling

In other news, insider Robert J. Dzielak sold 4,702 shares of Expedia Group stock in a transaction 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 directly owned 105,448 shares in the company, valued at approximately $24,569,384. This trade represents a 4.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 14,083 shares in the company, valued at $3,124,454.38. This represents a 6.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.20% of the company’s stock.

Expedia Group Stock Performance

Shares of EXPE opened at $257.61 on Friday. The firm has a market capitalization of $31.57 billion, a PE ratio of 22.68, a P/E/G ratio of 0.69 and a beta of 1.23. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. The firm has a 50-day moving average price of $243.69 and a 200 day moving average price of $243.88. Expedia Group, Inc. has a 52-week low of $174.05 and a 52-week high of $303.80.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. The company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 EPS. On average, sell-side analysts anticipate that Expedia Group, Inc. will post 16.98 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

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

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.