Munich Reinsurance Co Stock Corp in Munich Invests $16.08 Million in Expedia Group, Inc. $EXPE

Munich Reinsurance Co Stock Corp in Munich acquired a new position in Expedia Group, Inc. (NASDAQ:EXPE) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 62,830 shares of the online travel company’s stock, valued at approximately $16,077,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Motiv8 Investments LLC purchased a new stake in shares of Expedia Group in the fourth quarter worth approximately $25,000. Entrust Financial LLC acquired a new position in Expedia Group in the 4th quarter valued at approximately $26,000. First Bancorp Inc ME purchased a new stake in Expedia Group in the 2nd quarter worth approximately $28,000. DV Equities LLC purchased a new stake in Expedia Group in the 4th quarter worth approximately $46,000. Finally, Elevation Wealth Partners LLC boosted its stake in shares of Expedia Group by 272.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock valued at $46,000 after buying an additional 131 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 2,810 shares of Expedia Group stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total transaction of $909,456.50. Following the sale, the chief accounting officer directly owned 12,006 shares in the company, valued at approximately $3,885,741.90. The trade was a 18.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Craig A. Jacobson sold 3,133 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the completion of the sale, the director directly owned 29,832 shares in the company, valued at approximately $9,800,408.64. The trade was a 9.50% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 11,950 shares of company stock worth $3,881,995. 5.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on EXPE shares. Royal Bank Of Canada lifted their price objective on Expedia Group from $290.00 to $330.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. Dbs Bank raised Expedia Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, May 11th. Gordon Haskett decreased their target price 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. Barclays increased their price target on Expedia Group from $264.00 to $320.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $285.00 price target on shares of Expedia Group in a research report on Friday, August 7th. Eighteen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $318.71.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $298.04 on Friday. The firm’s 50-day moving average is $294.84 and its 200-day moving average is $253.83. Expedia Group, Inc. has a 52-week low of $185.34 and a 52-week high of $342.00. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $35.77 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 0.74 and a beta of 1.25.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, beating analysts’ consensus estimates of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.17 billion. During the same quarter in the prior year, the business earned $4.24 earnings per share. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. Equities research analysts anticipate that Expedia Group, Inc. will post 17.15 earnings per share for the current year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be given a $0.48 dividend. The ex-dividend date is Thursday, August 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.6%. Expedia Group’s dividend payout ratio (DPR) is currently 11.97%.

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.