Stanley Capital Management LLC Acquires 20,000 Shares of Expedia Group, Inc. $EXPE

Stanley Capital Management LLC grew its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 24.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,630 shares of the online travel company’s stock after purchasing an additional 20,000 shares during the period. Expedia Group comprises about 2.9% of Stanley Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding. Stanley Capital Management LLC owned 0.08% of Expedia Group worth $17,143,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Expedia Group by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 15,304,305 shares of the online travel company’s stock worth $2,581,530,000 after buying an additional 102,494 shares in the last quarter. Norges Bank purchased a new stake in shares of Expedia Group during the 2nd quarter valued at about $663,882,000. Geode Capital Management LLC grew its stake in shares of Expedia Group by 1.7% in 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 acquiring an additional 58,244 shares during the period. Alkeon Capital Management LLC grew its stake in shares of Expedia Group by 20.2% in the first quarter. Alkeon Capital Management LLC now owns 2,375,276 shares of the online travel company’s stock worth $399,284,000 after acquiring an additional 398,804 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Expedia Group by 174.0% during the first quarter. AQR Capital Management LLC now owns 1,444,283 shares of the online travel company’s stock valued at $235,592,000 after purchasing an additional 917,192 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Up 1.8%

Shares of EXPE opened at $263.70 on Wednesday. The business’s 50 day moving average is $231.77 and its 200 day moving average is $203.61. 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, Inc. has a 12-month low of $130.01 and a 12-month high of $279.61. The company has a market capitalization of $32.31 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.17 and a beta of 1.44.

Expedia Group (NASDAQ:EXPE) last posted its quarterly 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 business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same period in the prior year, the company posted $6.13 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. Research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $1.60 annualized dividend and a yield of 0.6%. Expedia Group’s payout ratio is presently 15.31%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EXPE. Rothschild & Co Redburn increased their price target on Expedia Group from $290.00 to $350.00 and gave the company a “buy” rating in a report on Friday, November 7th. Truist Financial set a $210.00 target price on Expedia Group in a report on Monday, October 27th. KeyCorp started coverage on Expedia Group in a research report on Wednesday, October 22nd. They issued a “sector weight” rating on the stock. Cantor Fitzgerald boosted their price target on Expedia Group from $220.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Finally, DA Davidson set a $294.00 price target on Expedia Group in a research note on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $265.31.

Insider Buying and Selling at Expedia Group

In other news, CAO Lance A. Soliday sold 849 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $248.08, for a total transaction of $210,619.92. Following the completion of the transaction, the chief accounting officer owned 11,662 shares in the company, valued at $2,893,108.96. This trade represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $271.55, for a total value of $814,650.00. Following the completion of the sale, the director owned 30,858 shares in the company, valued at $8,379,489.90. This represents a 8.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,849 shares of company stock valued at $1,283,270 in the last 90 days. Insiders own 9.13% of the company’s stock.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.