Burns Matteson Capital Management LLC Makes New Investment in Expedia Group, Inc. $EXPE

Burns Matteson Capital Management LLC bought a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 2,230 shares of the online travel company’s stock, valued at approximately $587,000.

Several other institutional investors also recently bought and sold shares of EXPE. TD Waterhouse Canada Inc. increased its holdings in Expedia Group by 2.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 47,258 shares of the online travel company’s stock valued at $12,414,000 after acquiring an additional 1,242 shares during the last quarter. Pension & Wealth Management Advisors Inc. purchased a new stake in Expedia Group in the 3rd quarter worth $146,000. Milestone Asset Management LLC boosted its holdings in shares of Expedia Group by 180.1% during the 3rd quarter. Milestone Asset Management LLC now owns 33,734 shares of the online travel company’s stock valued at $8,884,000 after purchasing an additional 21,689 shares during the last quarter. Triasima Portfolio Management inc. bought a new position in shares of Expedia Group during the 3rd quarter valued at about $3,260,000. Finally, Ninety One UK Ltd boosted its holdings in shares of Expedia Group by 21.2% during the 3rd quarter. Ninety One UK Ltd now owns 1,179 shares of the online travel company’s stock valued at $311,000 after purchasing an additional 206 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EXPE. TD Cowen upgraded Expedia Group to a “hold” rating in a research report on Monday, September 14th. Argus boosted their target price on Expedia Group from $270.00 to $315.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. BTIG Research reissued a “buy” rating and set a $400.00 price target on shares of Expedia Group in a research note on Tuesday, October 6th. Barclays increased their price target on Expedia Group from $264.00 to $320.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Finally, Robert W. Baird set a $335.00 price target on Expedia Group in a report on Thursday, August 6th. Eighteen investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $315.24.

Expedia Group Price Performance

Expedia Group stock opened at $288.95 on Friday. The company has a market cap of $34.68 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 0.70 and a beta of 1.36. The firm’s fifty day moving average is $292.94 and its 200 day moving average is $264.41. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21. Expedia Group, Inc. has a 52-week low of $185.34 and a 52-week high of $342.00.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data 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 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 analysts’ expectations of $4.17 billion. During the same period last year, the company posted $4.24 EPS. The business’s revenue was up 14.0% on a year-over-year basis. Sell-side analysts forecast that Expedia Group, Inc. will post 17.26 EPS for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, August 27th. Expedia Group’s dividend payout ratio is currently 11.97%.

Insider Activity at Expedia Group

In related 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 trade represents a 2.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig Jacobson sold 3,133 shares of Expedia Group stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $328.52, for a total value of $1,029,253.16. Following the completion of the transaction, the director owned 29,832 shares of the company’s stock, valued at approximately $9,800,408.64. This represents a 9.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 11,950 shares of company stock valued at $3,881,995. 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 platforms support the search, comparison and booking of lodging, air travel, car rentals, cruises, vacation packages, activities and other travel-related offerings.

The company operates a portfolio of consumer brands that includes Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these brands, Expedia Group serves individual travelers, property owners, travel suppliers and business partners across markets in North America, Europe, Asia-Pacific and other international regions.

Expedia Group traces its origins to Expedia, which was established within Microsoft in 1996 and became an independent public company in 1999.