Diversify Wealth Management LLC Invests $705,000 in Expedia Group, Inc. $EXPE

Diversify Wealth Management LLC acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,815 shares of the online travel company’s stock, valued at approximately $705,000.

A number of other hedge funds also recently added to or reduced their stakes in EXPE. Fifth Third Bancorp increased its stake in Expedia Group by 435.7% in the 1st quarter. Fifth Third Bancorp now owns 35,396 shares of the online travel company’s stock valued at $8,172,000 after buying an additional 28,788 shares during the period. Roman Butler Fullerton & Co. acquired a new stake in shares of Expedia Group during the 1st quarter valued at approximately $504,000. Range Financial Group LLC boosted its position in Expedia Group by 1.8% during the first quarter. Range Financial Group LLC now owns 12,697 shares of the online travel company’s stock worth $2,932,000 after purchasing an additional 219 shares in the last quarter. Main Street Research LLC grew its stake in Expedia Group by 25.1% in the 1st quarter. Main Street Research LLC now owns 1,188 shares of the online travel company’s stock valued at $274,000 after acquiring an additional 238 shares during the last quarter. Finally, Childress Capital Advisors LLC grew its position in shares of Expedia Group by 34.6% in the first quarter. Childress Capital Advisors LLC now owns 1,061 shares of the online travel company’s stock valued at $245,000 after purchasing an additional 273 shares during the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Stock Up 1.4%

EXPE stock opened at $270.95 on Friday. The firm has a market cap of $33.20 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 0.70 and a beta of 1.23. Expedia Group, Inc. has a 1-year low of $174.05 and a 1-year high of $303.80. The firm has a fifty day moving average price of $239.49 and a two-hundred day moving average price of $244.61. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. Research analysts predict that Expedia Group, Inc. will post 16.98 EPS for the current year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th were paid 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 0.7%. Expedia Group’s dividend payout ratio (DPR) is presently 16.90%.

Insider Buying and Selling at Expedia Group

In related news, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the completion of the transaction, the insider owned 105,448 shares of the company’s stock, valued at $24,569,384. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Lance A. Soliday sold 940 shares of the firm’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 transaction of $208,548.40. Following the sale, the chief accounting officer owned 14,083 shares of the company’s stock, valued at $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 currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. Zacks Research cut Expedia Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft dropped their target price on Expedia Group from $244.00 to $230.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Wells Fargo & Company cut their target price on Expedia Group from $307.00 to $303.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 30th. Dbs Bank upgraded Expedia Group from a “hold” rating to a “moderate buy” rating in a report on Monday, May 11th. Finally, Barclays increased their price target on Expedia Group from $260.00 to $264.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to MarketBeat, Expedia Group presently has a consensus rating of “Hold” and a consensus target price of $288.82.

Expedia Group 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.