4,973 Shares in Expedia Group, Inc. $EXPE Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,973 shares of the online travel company’s stock, valued at approximately $1,063,000.

Several other institutional investors and hedge funds have also bought and sold shares of EXPE. Spire Wealth Management raised its holdings in shares of Expedia Group by 114.3% during the second quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock worth $25,000 after purchasing an additional 80 shares during the last quarter. GFG Capital LLC acquired a new stake in Expedia Group during the 2nd quarter worth about $29,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of Expedia Group during the 3rd quarter valued at about $30,000. Trust Co. of Toledo NA OH acquired a new position in shares of Expedia Group in the 2nd quarter valued at about $31,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in shares of Expedia Group in the third quarter worth about $36,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $271.14 on Friday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $33.22 billion, a PE ratio of 25.95, a P/E/G ratio of 0.87 and a beta of 1.43. Expedia Group, Inc. has a fifty-two week low of $130.01 and a fifty-two week high of $303.80. The company has a fifty day moving average of $275.08 and a two-hundred day moving average of $233.82.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, topping analysts’ consensus estimates of $7.10 by $0.47. Expedia Group had a net margin of 9.66% and a return on equity of 64.15%. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the previous year, the company earned $6.13 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, research analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.6%. Expedia Group’s dividend payout ratio is presently 15.31%.

Wall Street Analyst Weigh In

EXPE has been the subject of several recent research reports. BNP Paribas Exane initiated coverage on Expedia Group in a research report on Monday, November 24th. They set a “hold” rating for the company. Robert W. Baird lifted their target price on shares of Expedia Group from $240.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Truist Financial set a $210.00 price target on shares of Expedia Group in a report on Monday, October 27th. Wall Street Zen lowered shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 11th. Finally, Wedbush upped their price objective on shares of Expedia Group from $250.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and twenty-two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $289.13.

Insider Buying and Selling at Expedia Group

In related news, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $271.55, for a total value of $814,650.00. Following the completion of the transaction, the director directly owned 30,858 shares of the company’s stock, valued at approximately $8,379,489.90. This represents a 8.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 849 shares of Expedia Group stock in a transaction on Friday, November 21st. The stock was sold at an average price of $248.08, for a total transaction of $210,619.92. Following the sale, the chief accounting officer directly owned 11,662 shares in the company, valued at approximately $2,893,108.96. This trade represents a 6.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 4,849 shares of company stock valued at $1,283,270 over the last quarter. 9.13% of the stock is currently owned by insiders.

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.