Mackenzie Financial Corp Boosts Position in Expedia Group, Inc. $EXPE

Mackenzie Financial Corp grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 60.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,105 shares of the online travel company’s stock after buying an additional 73,729 shares during the period. Mackenzie Financial Corp’s holdings in Expedia Group were worth $41,704,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Expedia Group in the second quarter valued at approximately $663,882,000. AQR Capital Management LLC increased its holdings in Expedia Group by 102.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock worth $492,152,000 after acquiring an additional 1,473,386 shares during the period. LSV Asset Management lifted its stake in Expedia Group by 497.0% in the 2nd quarter. LSV Asset Management now owns 871,837 shares of the online travel company’s stock worth $147,061,000 after purchasing an additional 725,797 shares in the last quarter. Meridiem Capital Partners LP bought a new position in Expedia Group in the 2nd quarter valued at $26,131,000. Finally, Natixis boosted its holdings in Expedia Group by 1,175.3% in the 2nd quarter. Natixis now owns 166,372 shares of the online travel company’s stock valued at $28,064,000 after purchasing an additional 153,326 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total value of $1,816,244.50. Following the completion of the sale, the insider owned 102,480 shares of the company’s stock, valued at $22,629,633.60. This represents a 7.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

EXPE has been the topic of several research analyst reports. Robert W. Baird upped their price target on shares of Expedia Group from $280.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. UBS Group set a $266.00 price objective on Expedia Group in a research note on Friday, February 13th. Bank of America boosted their target price on Expedia Group from $303.00 to $306.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. BTIG Research restated a “buy” rating and issued a $330.00 target price on shares of Expedia Group in a research note on Friday, February 13th. Finally, Royal Bank Of Canada raised their price target on Expedia Group from $260.00 to $290.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. Thirteen analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $281.65.

Expedia Group Stock Down 1.2%

Shares of NASDAQ:EXPE opened at $227.65 on Friday. The firm has a market capitalization of $27.90 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 0.71 and a beta of 1.41. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group, Inc. has a 52-week low of $130.01 and a 52-week high of $303.80. The firm has a fifty day moving average of $248.78 and a 200 day moving average of $242.85.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.46. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter last year, the business posted $2.39 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s payout ratio is 19.49%.

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.