Teamwork Financial Advisors LLC Invests $11.29 Million in Expedia Group, Inc. $EXPE

Teamwork Financial Advisors LLC bought a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the third quarter, Holdings Channel reports. The fund bought 52,817 shares of the online travel company’s stock, valued at approximately $11,290,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. boosted its position in shares of Expedia Group by 4.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,346 shares of the online travel company’s stock valued at $227,000 after purchasing an additional 55 shares during the period. New York Life Investment Management LLC raised its holdings in Expedia Group by 0.4% during the 2nd quarter. New York Life Investment Management LLC now owns 16,789 shares of the online travel company’s stock worth $2,832,000 after buying an additional 64 shares during the period. Hohimer Wealth Management LLC lifted its stake in Expedia Group by 0.3% during the second quarter. Hohimer Wealth Management LLC now owns 26,831 shares of the online travel company’s stock valued at $4,526,000 after buying an additional 68 shares in the last quarter. Consilio Wealth Advisors LLC boosted its holdings in shares of Expedia Group by 4.1% in the second quarter. Consilio Wealth Advisors LLC now owns 1,786 shares of the online travel company’s stock worth $305,000 after buying an additional 71 shares during the period. Finally, Benjamin Edwards Inc. increased its position in shares of Expedia Group by 4.3% in the second quarter. Benjamin Edwards Inc. now owns 1,916 shares of the online travel company’s stock worth $323,000 after acquiring an additional 79 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Trading Up 1.0%

NASDAQ EXPE opened at $285.59 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.72. Expedia Group, Inc. has a 1-year low of $130.01 and a 1-year high of $289.98. The firm’s fifty day simple moving average is $245.01 and its 200-day simple moving average is $212.21. The company has a market capitalization of $34.99 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44.

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

Expedia Group Announces Dividend

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

Insider Activity at Expedia Group

In other Expedia Group news, Director Madhumita Moina Banerjee sold 1,000 shares of Expedia Group stock in a transaction that occurred 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 completion of the sale, the director directly owned 2,916 shares in the company, valued at $752,328. The trade was a 25.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $271.55, for a total transaction of $814,650.00. Following the completion of the sale, the director directly owned 30,858 shares of the company’s stock, valued at $8,379,489.90. This represents a 8.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 4,849 shares of company stock valued at $1,283,270. 9.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Evercore ISI upped their price target on shares of Expedia Group from $280.00 to $350.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. BNP Paribas started coverage on shares of Expedia Group in a research note on Monday, November 24th. They set a “hold” rating on the stock. Mizuho raised their target price on Expedia Group from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, November 14th. Truist Financial set a $210.00 price target on Expedia Group in a report on Monday, October 27th. Finally, CICC Research raised Expedia Group from a “market perform” rating to an “outperform” rating and set a $271.00 price objective for the company in a research note on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and twenty-four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $266.72.

Expedia Group Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.