Fairvoy Private Wealth LLC Acquires 3,977 Shares of Expedia Group, Inc. $EXPE

Fairvoy Private Wealth LLC acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the third quarter, HoldingsChannel reports. The firm acquired 3,977 shares of the online travel company’s stock, valued at approximately $1,047,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Bancorp Inc ME acquired a new stake in shares of Expedia Group during the second quarter worth about $28,000. Elevation Wealth Partners LLC grew its holdings in shares of Expedia Group by 272.9% during the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock worth $46,000 after buying an additional 131 shares during the last quarter. Cache Advisors LLC purchased a new position in shares of Expedia Group during the first quarter worth about $48,000. CENTRAL TRUST Co grew its holdings in shares of Expedia Group by 1,147.1% during the first quarter. CENTRAL TRUST Co now owns 212 shares of the online travel company’s stock worth $49,000 after buying an additional 195 shares during the last quarter. Finally, Sankala Group LLC acquired a new position in Expedia Group in the 4th quarter valued at about $72,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Stock Performance

Shares of EXPE stock traded up $2.77 during mid-day trading on Monday, hitting $291.72. The stock had a trading volume of 1,193,093 shares, compared to its average volume of 2,025,723. Expedia Group, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $342.00. The firm has a market cap of $35.01 billion, a PE ratio of 18.19, a PEG ratio of 0.70 and a beta of 1.36. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. The company’s 50-day simple moving average is $292.94 and its 200-day simple moving average is $264.68.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.17 billion. During the same quarter in the previous year, the firm earned $4.24 earnings per share. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. Sell-side analysts anticipate that Expedia Group, Inc. will post 17.26 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, August 27th were given a $0.48 dividend. The ex-dividend date was Thursday, August 27th. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. Expedia Group’s dividend payout ratio (DPR) is presently 11.97%.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 1,004 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $335.00, for a total transaction of $336,340.00. Following the transaction, the insider owned 104,331 shares in the company, valued at approximately $34,950,885. The trade was a 0.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 2,810 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total value of $909,456.50. Following the transaction, the chief accounting officer directly owned 12,006 shares of the company’s stock, valued at approximately $3,885,741.90. This trade represents a 18.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,950 shares of company stock worth $3,881,995 over the last 90 days. Company insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

EXPE has been the topic of several recent research reports. UBS Group boosted their price target on Expedia Group from $322.00 to $351.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. BTIG Research reaffirmed a “buy” rating and set a $400.00 price objective on shares of Expedia Group in a research report on Tuesday, October 6th. Argus increased their price objective on Expedia Group from $270.00 to $315.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Susquehanna lifted their target price on Expedia Group from $250.00 to $315.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Finally, The Goldman Sachs Group set a $370.00 target price on Expedia Group in a report on Thursday, August 6th. Eighteen equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $315.24.

About Expedia Group

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.