California First Leasing Corp Makes New $2.75 Million Investment in Expedia Group, Inc. $EXPE

California First Leasing Corp purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,908 shares of the online travel company’s stock, valued at approximately $2,749,000. Expedia Group comprises 0.9% of California First Leasing Corp’s investment portfolio, making the stock its 29th biggest holding.

Other institutional investors have also made changes to their positions in the company. Motiv8 Investments LLC acquired a new position in shares of Expedia Group during the fourth quarter worth approximately $25,000. Entrust Financial LLC bought a new position in Expedia Group during the fourth quarter worth $26,000. JFS Wealth Advisors LLC raised its stake in Expedia Group by 78.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after purchasing an additional 44 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in Expedia Group during the 4th quarter valued at $29,000. Finally, DV Equities LLC bought a new stake in Expedia Group in the 4th quarter valued at $46,000. 90.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on EXPE. Jefferies Financial Group upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $240.00 to $300.00 in a research report on Monday, March 30th. Robert W. Baird set a $290.00 target price on shares of Expedia Group in a research note on Friday, May 8th. UBS Group decreased their target price on Expedia Group from $266.00 to $262.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Sanford C. Bernstein cut their price target on Expedia Group from $256.00 to $253.00 and set a “market perform” rating for the company in a report on Wednesday, March 11th. Finally, B. Riley Financial lowered their price objective on Expedia Group from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Sixteen analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the company. According to data from MarketBeat, Expedia Group has an average rating of “Hold” and a consensus target price of $284.30.

Expedia Group Price Performance

Shares of EXPE opened at $268.69 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. The company has a 50-day moving average price of $236.11 and a two-hundred day moving average price of $245.85. The stock has a market cap of $32.93 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 0.71 and a beta of 1.23. Expedia Group, Inc. has a 12 month low of $171.27 and a 12 month high of $303.80.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the prior year, the company posted $0.40 EPS. The company’s revenue was up 14.7% compared to the same quarter last year. Equities analysts predict that Expedia Group, Inc. will post 16.98 EPS for the current fiscal year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, May 28th. Expedia Group’s dividend payout ratio is 16.90%.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 4,702 shares of Expedia Group stock in a transaction on Friday, June 5th. The stock was sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the completion of the transaction, the insider directly owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the sale, the chief accounting officer owned 14,083 shares in the company, valued at $3,124,454.38. This represents a 6.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.20% of the company’s stock.

Expedia Group Company Profile

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.