Expedia Group, Inc. $EXPE Stake Lifted by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp boosted its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 45.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,060 shares of the online travel company’s stock after buying an additional 2,519 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Expedia Group were worth $1,861,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in EXPE. Norges Bank acquired a new position in shares of Expedia Group during the fourth quarter valued at $861,979,000. Wellington Management Group LLP increased its holdings in shares of Expedia Group by 24,899.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock worth $386,560,000 after acquiring an additional 1,801,232 shares during the period. AQR Capital Management LLC increased its holdings in shares of Expedia Group by 25.0% in the 3rd quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after acquiring an additional 728,063 shares during the period. First Trust Advisors LP lifted its position in Expedia Group by 104.1% in the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock valued at $275,112,000 after purchasing an additional 607,698 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Expedia Group by 55.0% in the 4th quarter. Deutsche Bank AG now owns 1,286,093 shares of the online travel company’s stock valued at $364,363,000 after purchasing an additional 456,176 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Up 2.9%

Expedia Group stock opened at $304.27 on Thursday. Expedia Group, Inc. has a 52 week low of $174.05 and a 52 week high of $312.40. The stock has a market cap of $37.29 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 0.77 and a beta of 1.23. The company’s 50-day moving average price is $249.15 and its two-hundred day moving average price is $243.55. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. The company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 EPS. On average, analysts expect that Expedia Group, Inc. will post 17.04 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.92 annualized dividend and a yield of 0.6%. Expedia Group’s payout ratio is presently 16.90%.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 4,702 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $233.00, for a total value of $1,095,566.00. Following the completion of the sale, the insider directly owned 105,448 shares in the company, valued at $24,569,384. This represents a 4.27% 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, CAO Lance A. Soliday sold 940 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the transaction, the chief accounting officer directly owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup restated a “neutral” rating on shares of Expedia Group in a research report on Monday, May 18th. Susquehanna lifted their price target on Expedia Group from $240.00 to $250.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Gordon Haskett reduced their price objective on Expedia Group from $320.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Weiss Ratings lowered Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Truist Financial lowered their target price on Expedia Group from $252.00 to $246.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. According to data from MarketBeat.com, Expedia Group presently has a consensus rating of “Hold” and an average price target of $288.64.

About Expedia Group

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.