MBL Wealth LLC Makes New $796,000 Investment in Expedia Group, Inc. $EXPE

MBL Wealth LLC bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,024 shares of the online travel company’s stock, valued at approximately $796,000.

A number of other institutional investors and hedge funds have also made changes to their positions in EXPE. Plato Investment Management Ltd purchased a new stake in Expedia Group during the 2nd quarter valued at approximately $2,562,000. Tidal Investments LLC lifted its position in Expedia Group by 47.4% during the 2nd quarter. Tidal Investments LLC now owns 32,146 shares of the online travel company’s stock worth $8,226,000 after acquiring an additional 10,331 shares during the period. Bank of New York Mellon Corp acquired a new stake in Expedia Group during the 2nd quarter worth approximately $166,203,000. Wellington Management Group LLP grew its stake in shares of Expedia Group by 67.7% in the 2nd quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company’s stock valued at $199,622,000 after purchasing an additional 314,984 shares during the last quarter. Finally, Lombard Odier Asset Management Switzerland SA purchased a new position in shares of Expedia Group in the 1st quarter valued at approximately $910,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 2,810 shares of Expedia Group stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total transaction of $909,456.50. Following the completion of the sale, the chief accounting officer directly owned 12,006 shares in the company, valued at approximately $3,885,741.90. This trade represents a 18.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 3,003 shares of Expedia Group stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $315.00, for a total transaction of $945,945.00. Following the sale, the insider owned 103,829 shares of the company’s stock, valued at approximately $32,706,135. The trade was a 2.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 11,950 shares of company stock worth $3,881,995. 5.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Jefferies Financial Group boosted their target price on Expedia Group from $300.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings raised Expedia Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Truist Financial lowered their price objective on shares of Expedia Group from $309.00 to $288.00 and set a “hold” rating on the stock in a research report on Wednesday, September 30th. Susquehanna lifted their price objective on shares of Expedia Group from $250.00 to $315.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Robert W. Baird set a $335.00 price objective on shares of Expedia Group in a research note on Thursday, August 6th. Eighteen research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and a consensus target price of $316.37.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $289.01 on Friday. The firm has a market capitalization of $34.69 billion, a P/E ratio of 18.02, a PEG ratio of 0.72 and a beta of 1.36. Expedia Group, Inc. has a one year low of $185.34 and a one year high of $342.00. The company’s fifty day moving average is $289.82 and its two-hundred day moving average is $266.72. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (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 the consensus estimate of $4.17 billion. During the same quarter last year, the firm posted $4.24 EPS. The business’s revenue was up 14.0% compared to the same quarter last year. Analysts forecast that Expedia Group, Inc. will post 17.35 EPS for the current fiscal year.

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, August 27th. Expedia Group’s dividend payout ratio is presently 11.97%.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group’s consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.