Expedia Group, Inc. $EXPE Stock Bought by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC increased its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 167.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,123 shares of the online travel company’s stock after buying an additional 1,957 shares during the period. Verdence Capital Advisors LLC’s holdings in Expedia Group were worth $823,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPE. Valley National Advisers Inc. increased its stake in Expedia Group by 900.0% during the 3rd quarter. Valley National Advisers Inc. now owns 100 shares of the online travel company’s stock worth $26,000 after acquiring an additional 90 shares during the period. First Bancorp Inc ME acquired a new position in Expedia Group in the 2nd quarter valued at $28,000. Elevation Wealth Partners LLC lifted its position in shares of Expedia Group by 272.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock valued at $46,000 after acquiring an additional 131 shares during the period. Sound Income Strategies LLC lifted its position in shares of Expedia Group by 1,618.8% during the 1st quarter. Sound Income Strategies LLC now owns 275 shares of the online travel company’s stock valued at $63,000 after acquiring an additional 259 shares during the period. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Expedia Group during the 2nd quarter worth $67,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on EXPE shares. Rosenblatt Securities assumed coverage on Expedia Group in a research report on Tuesday, September 1st. They issued a “neutral” rating and a $360.00 price target on the stock. Robert W. Baird set a $335.00 price objective on shares of Expedia Group in a research report on Thursday, August 6th. Royal Bank Of Canada increased their price objective on shares of Expedia Group from $290.00 to $330.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 10th. Finally, The Goldman Sachs Group set a $370.00 target price on shares of Expedia Group in a report on Thursday, August 6th. Eighteen research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $316.37.

Insiders Place Their Bets

In other news, insider Robert Dzielak sold 3,003 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $315.00, for a total value of $945,945.00. Following the completion of the transaction, the insider owned 103,829 shares of the company’s stock, valued at approximately $32,706,135. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Craig Jacobson sold 3,133 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the completion of the sale, the director owned 29,832 shares in the company, valued at approximately $9,800,408.64. The trade was a 9.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 11,950 shares of company stock valued at $3,881,995. 5.20% of the stock is currently owned by corporate insiders.

Expedia Group Trading Up 2.6%

Shares of EXPE opened at $282.73 on Friday. Expedia Group, Inc. has a 52-week low of $185.34 and a 52-week high of $342.00. The business’s fifty day moving average is $286.94 and its 200-day moving average is $259.55. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $33.93 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 0.67 and a beta of 1.36.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, topping analysts’ consensus estimates of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%. The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.17 billion. During the same quarter in the previous year, the firm earned $4.24 EPS. Expedia Group’s revenue was up 14.0% on a year-over-year basis. Equities analysts anticipate that Expedia Group, Inc. will post 17.37 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $1.92 annualized dividend and a yield of 0.7%. Expedia Group’s payout ratio is presently 11.97%.

About Expedia Group

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.