5,660 Shares in Expedia Group, Inc. $EXPE Purchased by Maxi Investments CY Ltd

Maxi Investments CY Ltd bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,660 shares of the online travel company’s stock, valued at approximately $1,210,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Grey Fox Wealth Advisors LLC purchased a new position in shares of Expedia Group during the third quarter valued at approximately $30,000. Rossby Financial LCC grew its stake in Expedia Group by 103.8% in the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after acquiring an additional 82 shares during the period. SOA Wealth Advisors LLC. acquired a new position in Expedia Group in the 3rd quarter valued at $36,000. Armstrong Advisory Group Inc. raised its holdings in Expedia Group by 212.7% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock valued at $37,000 after acquiring an additional 117 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its stake in shares of Expedia Group by 43.2% during the 3rd quarter. Westside Investment Management Inc. now owns 189 shares of the online travel company’s stock worth $41,000 after purchasing an additional 57 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Price Performance

EXPE stock opened at $231.46 on Tuesday. The company has a market cap of $28.36 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 0.71 and a beta of 1.41. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.75. The stock has a 50-day moving average price of $246.57 and a two-hundred day moving average price of $243.50. Expedia Group, Inc. has a 12-month low of $130.01 and a 12-month high of $303.80.

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

Expedia Group Increases Dividend

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

Wall Street Analysts Forecast Growth

EXPE has been the subject of a number of recent analyst reports. DA Davidson lowered their price objective on Expedia Group from $294.00 to $260.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Morgan Stanley increased their target price on Expedia Group from $180.00 to $270.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Citigroup lowered their price target on Expedia Group from $281.00 to $225.00 and set a “buy” rating for the company in a report on Friday, February 20th. UBS Group set a $266.00 price objective on shares of Expedia Group in a research note on Friday, February 13th. Finally, Benchmark cut their price objective on shares of Expedia Group from $310.00 to $290.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Thirteen investment analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $281.65.

Insiders Place Their Bets

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

Expedia Group 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.