Pinnacle Associates Ltd. Boosts Stock Position in Expedia Group, Inc. $EXPE

Pinnacle Associates Ltd. grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 19.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,029 shares of the online travel company’s stock after acquiring an additional 2,560 shares during the period. Pinnacle Associates Ltd.’s holdings in Expedia Group were worth $4,541,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CI Investments Inc. increased its stake in Expedia Group by 1,735.0% in the third quarter. CI Investments Inc. now owns 42,223 shares of the online travel company’s stock valued at $9,025,000 after acquiring an additional 39,922 shares during the last quarter. Rakuten Investment Management Inc. bought a new position in Expedia Group in the third quarter valued at $1,063,000. Convergence Investment Partners LLC bought a new position in Expedia Group in the third quarter valued at $1,001,000. National Pension Service increased its stake in Expedia Group by 6.7% in the third quarter. National Pension Service now owns 248,328 shares of the online travel company’s stock valued at $53,080,000 after acquiring an additional 15,611 shares during the last quarter. Finally, Savant Capital LLC increased its stake in Expedia Group by 13.9% in the third quarter. Savant Capital LLC now owns 39,700 shares of the online travel company’s stock valued at $8,486,000 after acquiring an additional 4,853 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

NASDAQ EXPE opened at $217.73 on Friday. The company has a 50-day simple moving average of $238.81 and a two-hundred day simple moving average of $249.39. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. Expedia Group, Inc. has a 12-month low of $156.05 and a 12-month high of $303.80. The firm has a market cap of $26.68 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 0.68 and a beta of 1.30.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period in the prior year, the business posted $0.40 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. On average, equities analysts forecast that Expedia Group, Inc. will post 16.64 EPS for the current year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, May 28th. Expedia Group’s dividend payout ratio is presently 16.90%.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the completion of the sale, the insider directly owned 102,480 shares in the company, valued at $22,629,633.60. This represents a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 9.81% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on EXPE shares. Barclays increased their target price on Expedia Group from $260.00 to $264.00 and gave the company an “equal weight” rating in a research note on Monday. Wells Fargo & Company reduced their target price on Expedia Group from $310.00 to $307.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Susquehanna increased their target price on Expedia Group from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Monday. Truist Financial reduced their target price on Expedia Group from $252.00 to $246.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Finally, Robert W. Baird set a $290.00 target price on Expedia Group in a research note on Friday, May 8th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $285.15.

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.