Westfield Capital Management Co. LP Takes Position in Expedia Group, Inc. $EXPE

Westfield Capital Management Co. LP bought a new position in Expedia Group, Inc. (NASDAQ:EXPE) in the 3rd quarter, Holdings Channel.com reports. The fund bought 16,799 shares of the online travel company’s stock, valued at approximately $3,591,000.

A number of other institutional investors and hedge funds have also bought and sold shares of EXPE. Bessemer Group Inc. boosted its stake in shares of Expedia Group by 0.8% in the third quarter. Bessemer Group Inc. now owns 6,201 shares of the online travel company’s stock worth $1,325,000 after acquiring an additional 52 shares during the period. First Horizon Advisors Inc. grew its holdings in Expedia Group by 4.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,346 shares of the online travel company’s stock valued at $227,000 after buying an additional 55 shares in the last quarter. Blue Trust Inc. grew its holdings in Expedia Group by 8.0% during the 3rd quarter. Blue Trust Inc. now owns 745 shares of the online travel company’s stock valued at $159,000 after buying an additional 55 shares in the last quarter. Millington Financial Advisors LLC raised its position in shares of Expedia Group by 0.4% during the third quarter. Millington Financial Advisors LLC now owns 13,308 shares of the online travel company’s stock valued at $2,870,000 after buying an additional 55 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its holdings in shares of Expedia Group by 43.2% in the third quarter. Westside Investment Management Inc. now owns 189 shares of the online travel company’s stock worth $41,000 after buying an additional 57 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Expedia Group from $225.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Bank of America lifted their target price on Expedia Group from $303.00 to $306.00 and gave the stock a “buy” rating in a report on Friday, February 13th. HSBC raised their price target on Expedia Group from $365.00 to $387.00 and gave the company a “buy” rating in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft set a $244.00 price objective on Expedia Group in a report on Friday, February 13th. Finally, Wedbush reissued a “neutral” rating and issued a $260.00 target price on shares of Expedia Group in a report on Tuesday, February 17th. Thirteen investment analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $282.55.

Insider Buying and Selling

In other Expedia Group news, Director Madhumita Moina Banerjee sold 1,000 shares of Expedia Group stock in a transaction on Monday, December 1st. The shares were sold at an average price of $258.00, for a total value of $258,000.00. Following the completion of the transaction, the director owned 2,916 shares of the company’s stock, valued at approximately $752,328. The trade was a 25.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.13% of the company’s stock.

Expedia Group Stock Performance

NASDAQ EXPE opened at $215.69 on Friday. The firm has a market capitalization of $26.43 billion, a P/E ratio of 21.90, a PEG ratio of 0.67 and a beta of 1.41. The stock has a 50-day simple moving average of $258.66 and a two-hundred day simple moving average of $241.36. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group, Inc. has a fifty-two week low of $130.01 and a fifty-two week high of $303.80.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, February 12th. The online travel company reported $3.78 EPS for the quarter, topping the consensus estimate of $3.32 by $0.46. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same period last year, the company earned $2.39 earnings per share. Expedia Group’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be paid a $0.48 dividend. The ex-dividend date is Thursday, March 5th. This represents a $1.92 annualized dividend and a dividend yield of 0.9%. This is an increase from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s dividend payout ratio (DPR) is presently 16.24%.

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.