21,512 Expedia Group, Inc. $EXPE Shares Purchased by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC increased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 210.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 31,739 shares of the online travel company’s stock after acquiring an additional 21,512 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Expedia Group were worth $8,359,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Valley National Advisers Inc. grew its holdings in Expedia Group by 900.0% in the third quarter. Valley National Advisers Inc. now owns 100 shares of the online travel company’s stock valued at $26,000 after purchasing an additional 90 shares during the last quarter. First Bancorp Inc ME purchased a new position in shares of Expedia Group in the second quarter valued at $28,000. Elevation Wealth Partners LLC increased its position in shares of Expedia Group by 272.9% in the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock valued at $46,000 after buying an additional 131 shares in the last quarter. Sound Income Strategies LLC raised its stake 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 worth $63,000 after buying an additional 259 shares during the last quarter. Finally, Coppell Advisory Solutions LLC acquired a new position in shares of Expedia Group during the 2nd quarter worth $67,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EXPE. Piper Sandler reiterated a “neutral” rating and issued a $325.00 price objective (up from $245.00) on shares of Expedia Group in a research report on Thursday, August 6th. TD Cowen upgraded shares of Expedia Group to a “hold” rating in a report on Monday, September 14th. Wall Street Zen cut shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 10th. Rosenblatt Securities began coverage on shares of Expedia Group in a report on Tuesday, September 1st. They issued a “neutral” rating and a $360.00 price target on the stock. Finally, Wedbush upped their price target on shares of Expedia Group from $334.00 to $417.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. Eighteen research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $316.37.

Expedia Group Price Performance

EXPE opened at $298.99 on Tuesday. Expedia Group, Inc. has a 1 year low of $185.34 and a 1 year high of $342.00. The company’s 50 day simple moving average is $285.72 and its 200 day simple moving average is $259.52. The stock has a market capitalization of $35.88 billion, a PE ratio of 18.64, a P/E/G ratio of 0.67 and a beta of 1.36. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, topping the consensus estimate of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.17 billion. During the same period last year, the company posted $4.24 EPS. The business’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts expect that Expedia Group, Inc. will post 17.37 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th were given a $0.48 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $1.92 annualized dividend and a dividend yield of 0.6%. Expedia Group’s dividend payout ratio is presently 11.97%.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert Dzielak sold 1,004 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $335.00, for a total value of $336,340.00. Following the transaction, the insider directly owned 104,331 shares of the company’s stock, valued at $34,950,885. This trade represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Lance Soliday sold 2,810 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total value of $909,456.50. Following the sale, the chief accounting officer owned 12,006 shares in the company, valued at approximately $3,885,741.90. The trade was a 18.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 11,950 shares of company stock worth $3,881,995. Corporate insiders own 5.20% of the company’s stock.

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.