Wedge Capital Management L L P NC Acquires 33,641 Shares of Expedia Group, Inc. $EXPE

Wedge Capital Management L L P NC grew its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 27.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 156,440 shares of the online travel company’s stock after buying an additional 33,641 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Expedia Group were worth $40,030,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Windacre Partnership LLC grew its stake in Expedia Group by 9.2% in the 3rd quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock valued at $787,049,000 after buying an additional 309,900 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Expedia Group by 25.0% during the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after acquiring an additional 728,063 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Expedia Group by 8.0% in the third quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock worth $667,507,000 after acquiring an additional 230,176 shares during the period. Norges Bank purchased a new position in shares of Expedia Group in the fourth quarter valued at $861,979,000. Finally, Wellington Management Group LLP raised its stake in shares of Expedia Group by 24,899.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after purchasing an additional 1,801,232 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on EXPE shares. B. Riley Financial raised their target price on Expedia Group from $350.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. DA Davidson cut their target price 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 lifted their price target on shares of Expedia Group from $246.00 to $309.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. The Goldman Sachs Group set a $370.00 price target on Expedia Group in a research report on Thursday, August 6th. Finally, Evercore reissued an “outperform” rating on shares of Expedia Group in a report on Thursday, August 6th. Seventeen equities research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. Based on data from MarketBeat, Expedia Group currently has a consensus rating of “Hold” and a consensus target price of $310.88.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the sale, the insider owned 105,448 shares in the company, valued at approximately $24,569,384. This trade represents a 4.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the completion of the transaction, the chief accounting officer owned 14,083 shares in the company, valued at $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.20% of the stock is currently owned by corporate insiders.

Expedia Group Stock Up 2.2%

Shares of NASDAQ:EXPE opened at $321.07 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21. The stock has a fifty day simple moving average of $264.45 and a two-hundred day simple moving average of $244.84. Expedia Group, Inc. has a 12-month low of $185.34 and a 12-month high of $331.31. The stock has a market capitalization of $39.34 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 0.77 and a beta of 1.22.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating the consensus estimate of $5.22 by $0.54. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.17 billion. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The company’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the company earned $4.24 earnings per share. On average, research analysts anticipate that Expedia Group, Inc. will post 17.18 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 27th. Expedia Group’s payout ratio is 11.97%.

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.