Sivia Capital Partners LLC acquired a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,531 shares of the online travel company’s stock, valued at approximately $596,000.
Several other hedge funds also recently modified their holdings of EXPE. McClarren Financial Advisors Inc. bought a new stake in shares of Expedia Group during the 1st quarter valued at $28,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Expedia Group during the first quarter worth $28,000. Park Square Financial Group LLC bought a new stake in Expedia Group in the first quarter valued at about $34,000. Zions Bancorporation National Association UT acquired a new position in Expedia Group in the first quarter valued at about $36,000. Finally, Flaharty Asset Management LLC bought a new position in Expedia Group during the first quarter worth about $46,000. Institutional investors own 90.76% of the company’s stock.
Expedia Group Stock Performance
Shares of NASDAQ:EXPE opened at $224.98 on Wednesday. Expedia Group, Inc. has a 1 year low of $130.01 and a 1 year high of $229.00. The stock has a market capitalization of $27.83 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 1.20 and a beta of 1.57. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The company’s 50 day simple moving average is $199.72 and its 200 day simple moving average is $177.19.
Expedia Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, August 28th. Expedia Group’s dividend payout ratio is 19.61%.
Analysts Set New Price Targets
Several equities research analysts have weighed in on EXPE shares. Truist Financial cut their target price on shares of Expedia Group from $175.00 to $168.00 and set a “hold” rating on the stock in a report on Tuesday, June 24th. Morgan Stanley raised their price objective on Expedia Group from $150.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. Wall Street Zen raised Expedia Group from a “hold” rating to a “buy” rating in a research note on Monday, July 28th. Oppenheimer reaffirmed an “outperform” rating on shares of Expedia Group in a research report on Friday, August 8th. Finally, Sanford C. Bernstein set a $210.00 price objective on Expedia Group in a research report on Monday, August 11th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $205.63.
Get Our Latest Stock Analysis on Expedia Group
Insider Activity
In related news, CAO Lance A. Soliday sold 852 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $205.88, for a total value of $175,409.76. Following the completion of the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at $2,477,971.68. This represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 3,306 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $200.84, for a total value of $663,977.04. Following the transaction, the insider owned 77,075 shares of the company’s stock, valued at $15,479,743. This trade represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,816 shares of company stock valued at $2,009,132. Insiders own 9.13% of the company’s stock.
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.
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