Expedia Group, Inc. $EXPE Stake Lifted by IFP Advisors Inc

IFP Advisors Inc grew its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 91.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,618 shares of the online travel company’s stock after buying an additional 2,687 shares during the quarter. IFP Advisors Inc’s holdings in Expedia Group were worth $1,480,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in EXPE. Plato Investment Management Ltd bought a new position in shares of Expedia Group in the second quarter worth $2,562,000. Tidal Investments LLC grew its stake in shares of Expedia Group by 47.4% in the 2nd quarter. Tidal Investments LLC now owns 32,146 shares of the online travel company’s stock worth $8,226,000 after purchasing an additional 10,331 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Expedia Group by 17.8% in the fourth quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company’s stock valued at $17,344,000 after buying an additional 9,256 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Expedia Group during the second quarter worth $166,203,000. Finally, Wellington Management Group LLP lifted its stake in Expedia Group by 67.7% during the second quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company’s stock valued at $199,622,000 after buying an additional 314,984 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Trading Down 5.0%

EXPE stock opened at $285.64 on Thursday. The business has a fifty day moving average price of $291.29 and a 200 day moving average price of $266.05. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. Expedia Group, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $342.00. The stock has a market capitalization of $34.28 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 0.73 and a beta of 1.36.

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 analysts’ consensus estimates of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.17 billion. During the same quarter last year, the business posted $4.24 earnings per share. Expedia Group’s revenue for the quarter was up 14.0% compared to the same quarter last year. Analysts expect that Expedia Group, Inc. will post 17.26 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 27th. Expedia Group’s dividend payout ratio (DPR) is currently 11.97%.

Insider Buying and Selling at Expedia Group

In related news, insider Robert J. Dzielak sold 3,003 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $315.00, for a total transaction of $945,945.00. Following the sale, the insider directly owned 103,829 shares in the company, valued at $32,706,135. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Craig A. Jacobson sold 3,133 shares of Expedia Group stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $328.52, for a total value of $1,029,253.16. Following the completion of the sale, the director directly owned 29,832 shares in the company, valued at $9,800,408.64. This represents a 9.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 11,950 shares of company stock valued at $3,881,995. Company insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wells Fargo & Company decreased their target price on Expedia Group from $307.00 to $275.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 7th. Cantor Fitzgerald upped their price objective on shares of Expedia Group from $255.00 to $310.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. UBS Group increased their price target on Expedia Group from $322.00 to $351.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. The Goldman Sachs Group set a $370.00 price objective on Expedia Group in a research report on Thursday, August 6th. Finally, Bank of America reissued a “buy” rating on shares of Expedia Group in a report on Thursday, August 6th. Eighteen analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $316.37.

Expedia Group Profile

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group’s consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.