Petros Family Wealth LLC Buys Shares of 1,872 Expedia Group, Inc. $EXPE

Petros Family Wealth LLC acquired a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,872 shares of the online travel company’s stock, valued at approximately $400,000.

A number of other large investors also recently bought and sold shares of EXPE. Vanguard Group Inc. raised its holdings in shares of Expedia Group by 0.7% during the second quarter. Vanguard Group Inc. now owns 15,304,305 shares of the online travel company’s stock valued at $2,581,530,000 after buying an additional 102,494 shares during the last quarter. Norges Bank acquired a new stake in Expedia Group in the 2nd quarter valued at about $663,882,000. Geode Capital Management LLC boosted its holdings in Expedia Group by 1.7% during the second quarter. Geode Capital Management LLC now owns 3,414,935 shares of the online travel company’s stock worth $574,364,000 after buying an additional 58,244 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Expedia Group by 102.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock worth $492,152,000 after acquiring an additional 1,473,386 shares during the last quarter. Finally, Alkeon Capital Management LLC raised its holdings in Expedia Group by 4.2% during the 2nd quarter. Alkeon Capital Management LLC now owns 2,475,276 shares of the online travel company’s stock worth $417,530,000 after buying an additional 100,000 shares during the period. Institutional investors own 90.76% of the company’s stock.

Insider Buying and Selling

In related news, CAO Lance A. Soliday sold 849 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $248.08, for a total value of $210,619.92. Following the completion of the transaction, the chief accounting officer owned 11,662 shares of the company’s stock, valued at $2,893,108.96. This represents a 6.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $258.00, for a total value of $258,000.00. Following the transaction, the director directly owned 2,916 shares of the company’s stock, valued at approximately $752,328. This represents a 25.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,849 shares of company stock worth $1,283,270 in the last ninety days. 9.13% of the stock is owned by insiders.

Expedia Group Trading Up 0.3%

NASDAQ:EXPE opened at $287.56 on Monday. The business’s 50-day moving average price is $253.63 and its two-hundred day moving average price is $217.65. Expedia Group, Inc. has a 1-year low of $130.01 and a 1-year high of $292.42. The firm has a market capitalization of $35.23 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 1.30 and a beta of 1.44. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.72.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $7.10 by $0.47. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period in the previous year, the company posted $6.13 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, November 19th. This represents a $1.60 annualized dividend and a dividend yield of 0.6%. Expedia Group’s dividend payout ratio (DPR) is currently 15.31%.

Analyst Upgrades and Downgrades

EXPE has been the subject of several research analyst reports. The Goldman Sachs Group increased their price objective on Expedia Group from $253.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Rothschild & Co Redburn raised their target price on Expedia Group from $290.00 to $350.00 and gave the company a “buy” rating in a report on Friday, November 7th. Evercore ISI upped their price objective on shares of Expedia Group from $280.00 to $350.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Wells Fargo & Company raised their target price on Expedia Group from $212.00 to $272.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. Finally, Robert W. Baird upped their price objective on shares of Expedia Group from $240.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and twenty-four have issued a Hold rating to the stock. Based on data from MarketBeat, Expedia Group presently has an average rating of “Hold” and a consensus target price of $270.66.

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.