Expedia Group, Inc. $EXPE Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 81.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 15,765 shares of the online travel company’s stock after acquiring an additional 7,062 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Expedia Group were worth $4,467,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in EXPE. Orion Porfolio Solutions LLC lifted its holdings in Expedia Group by 0.4% during the third quarter. Orion Porfolio Solutions LLC now owns 9,814 shares of the online travel company’s stock valued at $2,098,000 after purchasing an additional 38 shares in the last quarter. RHS Financial LLC increased its stake in shares of Expedia Group by 4.0% during the fourth quarter. RHS Financial LLC now owns 1,030 shares of the online travel company’s stock worth $292,000 after purchasing an additional 40 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Expedia Group by 8.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 567 shares of the online travel company’s stock worth $161,000 after purchasing an additional 43 shares during the last quarter. Harbor Investment Advisory LLC raised its position in shares of Expedia Group by 16.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 319 shares of the online travel company’s stock worth $90,000 after purchasing an additional 44 shares during the last quarter. Finally, JFS Wealth Advisors LLC lifted its stake in Expedia Group by 78.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after buying an additional 44 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $263.29 on Friday. The business’s 50 day moving average price is $236.29 and its 200 day moving average price is $246.33. The company has a market cap of $32.26 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 0.69 and a beta of 1.25. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group, Inc. has a one year low of $166.22 and a one year high of $303.80.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the company earned $0.40 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, research analysts predict that Expedia Group, Inc. will post 16.98 EPS for the current year.

Expedia Group Announces Dividend

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

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 4,702 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $233.00, for a total value of $1,095,566.00. Following the transaction, the insider directly owned 105,448 shares in the company, valued at approximately $24,569,384. This represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lance A. Soliday sold 940 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total value of $208,548.40. Following the transaction, the chief accounting officer owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on EXPE. Gordon Haskett lowered their price objective on Expedia Group from $320.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. B. Riley Financial reduced their target price on Expedia Group from $360.00 to $350.00 and set a “buy” rating for the company in a report on Monday, April 27th. Barclays raised their target price on Expedia Group from $260.00 to $264.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Truist Financial lowered their price target on Expedia Group from $252.00 to $246.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Finally, BTIG Research reiterated a “buy” rating and set a $330.00 price target on shares of Expedia Group in a research report on Tuesday, June 9th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $284.42.

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.