Meyer Handelman Co. Boosts Stock Position in Expedia Group, Inc. $EXPE

Meyer Handelman Co. boosted its position in Expedia Group, Inc. (NASDAQ:EXPE) by 11.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 53,052 shares of the online travel company’s stock after purchasing an additional 5,497 shares during the period. Meyer Handelman Co.’s holdings in Expedia Group were worth $11,340,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Spire Wealth Management grew 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 buying an additional 80 shares in the last quarter. GFG Capital LLC purchased a new position in shares of Expedia Group during the second quarter valued at approximately $29,000. Trust Co. of Toledo NA OH acquired a new stake in Expedia Group during the second quarter worth approximately $31,000. Armstrong Advisory Group Inc. boosted its position in Expedia Group by 212.7% during the third quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock worth $37,000 after acquiring an additional 117 shares during the last quarter. Finally, First Pacific Financial grew its stake in Expedia Group by 60.0% in the 2nd quarter. First Pacific Financial now owns 240 shares of the online travel company’s stock worth $40,000 after acquiring an additional 90 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EXPE shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Expedia Group in a research note on Monday. Wall Street Zen downgraded Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 13th. HSBC raised their price target on Expedia Group from $232.00 to $272.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. BTIG Research lifted their price target on Expedia Group from $250.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Expedia Group from $225.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and twenty-four have given a Hold rating to the company’s stock. According to MarketBeat, Expedia Group presently has an average rating of “Hold” and a consensus price target of $270.66.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE opened at $287.56 on Friday. The business has a 50-day moving average of $253.63 and a two-hundred day moving average of $217.04. The firm has a market capitalization of $35.23 billion, a PE ratio of 27.52, a P/E/G ratio of 1.29 and a beta of 1.44. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.74 and a quick ratio of 0.74. Expedia Group, Inc. has a 12 month low of $130.01 and a 12 month high of $292.42.

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

Expedia Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $1.60 annualized dividend and a dividend yield of 0.6%. Expedia Group’s dividend payout ratio is presently 15.31%.

Insider Transactions at Expedia Group

In other news, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $258.00, for a total value of $258,000.00. Following the transaction, the director owned 2,916 shares of the company’s stock, valued at approximately $752,328. This trade represents a 25.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $271.55, for a total transaction of $814,650.00. Following the transaction, the director owned 30,858 shares in the company, valued at $8,379,489.90. The trade was a 8.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,849 shares of company stock valued at $1,283,270 over the last 90 days. Corporate insiders own 9.13% of the company’s stock.

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.