Cetera Investment Advisers boosted its position in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 55.0% during the 1st quarter, HoldingsChannel reports. The firm owned 46,206 shares of the online travel company’s stock after purchasing an additional 16,405 shares during the period. Cetera Investment Advisers’ holdings in Expedia Group were worth $10,669,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. RHS Financial LLC grew its position in shares of Expedia Group by 4.0% during the 4th quarter. RHS Financial LLC now owns 1,030 shares of the online travel company’s stock valued at $292,000 after acquiring an additional 40 shares during the period. Petredis Investment Advisors LLC raised its holdings in Expedia Group by 3.2% in the 1st quarter. Petredis Investment Advisors LLC now owns 1,305 shares of the online travel company’s stock worth $301,000 after purchasing an additional 40 shares during the period. Geneos Wealth Management Inc. raised its holdings in Expedia Group by 8.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 567 shares of the online travel company’s stock worth $161,000 after purchasing an additional 43 shares during the period. Ballentine Partners LLC lifted its position in Expedia Group by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 2,225 shares of the online travel company’s stock valued at $630,000 after purchasing an additional 47 shares in the last quarter. Finally, Beacon Financial Advisory LLC lifted its position in Expedia Group by 3.0% during the first quarter. Beacon Financial Advisory LLC now owns 1,628 shares of the online travel company’s stock valued at $376,000 after purchasing an additional 48 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Expedia Group news, insider Robert J. Dzielak sold 4,702 shares of Expedia Group stock in a transaction on Friday, June 5th. The shares were sold at an average price of $233.00, for a total value of $1,095,566.00. Following the sale, the insider directly owned 105,448 shares in the company, valued at approximately $24,569,384. The trade was a 4.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 transaction of $208,548.40. Following the completion of the sale, the chief accounting officer owned 14,083 shares in the company, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their position. The SEC filing for this sale provides additional information. 5.20% of the stock is currently owned by corporate insiders.
Expedia Group Stock Down 3.7%
Expedia Group (NASDAQ:EXPE – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping 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 company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the previous year, the firm earned $0.40 EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. Research analysts expect that Expedia Group, Inc. will post 17.04 earnings per share for the current fiscal year.
Expedia Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, May 28th. Expedia Group’s payout ratio is 16.90%.
Key Stories Impacting Expedia Group
Here are the key news stories impacting Expedia Group this week:
- Positive Sentiment: UBS raised its price target for Expedia from $262 to $322, implying approximately 9.9% upside from the referenced share price. However, it maintained a Neutral rating, suggesting valuation and execution risks remain balanced. Benzinga article
- Positive Sentiment: Expedia’s 50-day moving average recently crossed above its 200-day moving average, creating a “golden cross.” This technical signal is often viewed as evidence of improving momentum and may attract technical-focused buyers. Expedia golden cross article
- Positive Sentiment: Zacks identified Expedia as a strong value and momentum stock, which could support investor interest following its recent rally. Expedia value stock article Expedia momentum stock article
- Neutral Sentiment: Morgan Stanley increased its target from $290 to $300 but retained an Equal Weight rating, indicating limited expected outperformance at current levels. The Fly article
- Neutral Sentiment: Wall Street commentary remains mixed ahead of Expedia’s upcoming earnings report. Analysts are expecting earnings growth and a potential beat, making guidance and forward booking trends key catalysts. Expedia earnings expectations article
Analyst Upgrades and Downgrades
A number of analysts have commented on EXPE shares. Cantor Fitzgerald restated a “neutral” rating and issued a $255.00 price target on shares of Expedia Group in a research report on Monday, July 20th. B. Riley Financial lowered their price objective on Expedia Group from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Argus increased their target price on shares of Expedia Group from $270.00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. DA Davidson decreased their target price on shares of Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Finally, Jefferies Financial Group lifted their price target on shares of Expedia Group from $300.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $290.76.
Read Our Latest Stock Report on EXPE
Expedia Group 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.
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