124,395 Shares in Expedia Group, Inc. $EXPE Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC bought a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 124,395 shares of the online travel company’s stock, valued at approximately $35,242,000. Wedge Capital Management L L P NC owned approximately 0.10% of Expedia Group at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC lifted its stake in Expedia Group by 0.4% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 9,814 shares of the online travel company’s stock valued at $2,098,000 after buying an additional 38 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings in Expedia Group by 16.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 319 shares of the online travel company’s stock valued at $90,000 after buying an additional 44 shares during the last quarter. JFS Wealth Advisors LLC increased its position in Expedia Group by 78.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after buying an additional 44 shares in the last quarter. True Wealth Design LLC raised its holdings in shares of Expedia Group by 3.4% in the fourth quarter. True Wealth Design LLC now owns 1,382 shares of the online travel company’s stock worth $392,000 after acquiring an additional 45 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of Expedia Group by 0.9% in the third quarter. Quadrant Capital Group LLC now owns 5,658 shares of the online travel company’s stock worth $1,209,000 after acquiring an additional 48 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Buying and Selling at Expedia Group

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

Analysts Set New Price Targets

EXPE has been the subject of a number of recent research reports. Mizuho dropped their price objective on Expedia Group from $270.00 to $245.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Citizens Jmp restated a “market perform” rating on shares of Expedia Group in a report on Tuesday, February 17th. The Goldman Sachs Group raised their price target on shares of Expedia Group from $325.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Zacks Research lowered shares of Expedia Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, TD Cowen reduced their price objective on shares of Expedia Group from $300.00 to $260.00 and set a “hold” rating on the stock in a research note on Friday, February 13th. Thirteen equities research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $282.29.

Expedia Group Stock Down 3.0%

EXPE opened at $225.81 on Friday. Expedia Group, Inc. has a 12 month low of $130.01 and a 12 month high of $303.80. The business has a 50-day moving average of $235.95 and a two-hundred day moving average of $244.43. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $27.67 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 0.73 and a beta of 1.41.

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

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were paid a dividend of $0.48 per share. This is an increase from Expedia Group’s previous quarterly dividend of $0.40. This represents a $1.92 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 5th. 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.