Hillsdale Investment Management Inc. Purchases New Position in Expedia Group, Inc. $EXPE

Hillsdale Investment Management Inc. purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 3,470 shares of the online travel company’s stock, valued at approximately $983,000.

A number of other hedge funds also recently bought and sold shares of the business. Windacre Partnership LLC increased its holdings in Expedia Group by 9.2% during the 3rd quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock valued at $787,049,000 after purchasing an additional 309,900 shares during the period. AQR Capital Management LLC increased its holdings in Expedia Group by 25.0% during the 3rd quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock valued at $779,275,000 after purchasing an additional 728,063 shares during the period. Invesco Ltd. increased its holdings in Expedia Group by 8.0% during the 3rd quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock valued at $667,507,000 after purchasing an additional 230,176 shares during the period. Wellington Management Group LLP increased its holdings in Expedia Group by 24,899.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after purchasing an additional 1,801,232 shares during the period. Finally, Legal & General Group Plc increased its holdings in Expedia Group by 3.1% during the 3rd quarter. Legal & General Group Plc now owns 952,038 shares of the online travel company’s stock valued at $203,498,000 after purchasing an additional 28,412 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

Expedia Group stock opened at $228.37 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. The company has a market capitalization of $27.98 billion, a P/E ratio of 20.10, a PEG ratio of 0.69 and a beta of 1.25. The stock’s 50 day moving average is $235.08 and its 200 day moving average is $248.79. Expedia Group, Inc. has a twelve month low of $160.00 and a twelve month high of $303.80.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.55. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 EPS. On average, equities research analysts predict that Expedia Group, Inc. will post 17.07 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, May 28th will be paid a $0.48 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. Expedia Group’s dividend payout ratio is presently 16.90%.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 940 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total value of $208,548.40. Following the sale, the chief accounting officer owned 14,083 shares in the company, valued at $3,124,454.38. This represents a 6.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 in the company, valued at $22,629,633.60. The trade was a 7.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EXPE. UBS Group reduced their price target on Expedia Group from $266.00 to $262.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. The Goldman Sachs Group boosted their price target on Expedia Group from $325.00 to $355.00 and gave the company a “buy” rating in a report on Friday, February 13th. DA Davidson reduced their price target on Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Robert W. Baird set a $290.00 price target on Expedia Group in a report on Friday, May 8th. Finally, Gordon Haskett reduced their price target on Expedia Group from $320.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Sixteen equities research analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $284.42.

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.