Stanley Capital Management LLC Purchases New Position in Expedia Group, Inc. (NASDAQ:EXPE)

Stanley Capital Management LLC purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 64,630 shares of the online travel company’s stock, valued at approximately $12,043,000. Expedia Group makes up about 2.3% of Stanley Capital Management LLC’s portfolio, making the stock its 23rd biggest holding. Stanley Capital Management LLC owned 0.05% of Expedia Group at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Minot DeBlois Advisors LLC bought a new position in Expedia Group in the 4th quarter valued at about $27,000. SRH Advisors LLC bought a new position in shares of Expedia Group during the 4th quarter worth approximately $28,000. Sava Infond d.o.o. bought a new position in shares of Expedia Group during the 4th quarter worth approximately $28,000. Grove Bank & Trust lifted its position in shares of Expedia Group by 676.2% during the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after buying an additional 142 shares in the last quarter. Finally, Prudent Man Investment Management Inc. bought a new position in shares of Expedia Group during the 4th quarter worth approximately $34,000. Institutional investors own 90.76% of the company’s stock.

Insider Activity

In related news, insider Robert J. Dzielak sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the transaction, the insider now directly owns 74,502 shares in the company, valued at approximately $15,325,061.40. The trade was a 6.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EXPE shares. Truist Financial lifted their target price on shares of Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, March 12th. Morgan Stanley dropped their target price on shares of Expedia Group from $190.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. StockNews.com cut shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Friday. Citigroup lifted their target price on shares of Expedia Group from $200.00 to $217.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $170.00 target price on shares of Expedia Group in a research report on Thursday. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.35.

Expedia Group Stock Up 0.3%

EXPE opened at $166.66 on Friday. The company has a fifty day moving average price of $160.47 and a 200-day moving average price of $176.04. The firm has a market capitalization of $21.48 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 earnings per share. Equities research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. Expedia Group’s dividend payout ratio (DPR) is currently 18.87%.

Expedia Group Company Profile

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.