4,330 Expedia Group, Inc. $EXPE Shares Acquired by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group increased its Expedia Group stake by 184.8% in the third quarter, acquiring 4,330 additional shares for a total of 6,673 shares valued at approximately $1.76 million. Institutional investors collectively own 90.76% of EXPE.
• Analysts maintain a broadly neutral outlook, with 18 Buy, 20 Hold, and one Sell rating. The consensus price target is $316.37, while several firms recently raised their targets.
• Expedia exceeded quarterly expectations with earnings of $5.76 per share and revenue of $4.32 billion, up 14% year over year. The company also pays a quarterly dividend of $0.48, equivalent to a 0.7% annual yield.

Citizens Financial Group Inc. RI boosted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 184.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,673 shares of the online travel company's stock after acquiring an additional 4,330 shares during the period. Citizens Financial Group Inc. RI's holdings in Expedia Group were worth $1,757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of EXPE. First Bancorp Inc ME acquired a new position in shares of Expedia Group during the second quarter worth about $28,000. Elevation Wealth Partners LLC raised its holdings in Expedia Group by 272.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company's stock valued at $46,000 after acquiring an additional 131 shares during the period. Sound Income Strategies LLC increased its position in Expedia Group by 1,618.8% during the first quarter. Sound Income Strategies LLC now owns 275 shares of the online travel company's stock worth $63,000 after acquiring an additional 259 shares during the period. Coppell Advisory Solutions LLC bought a new stake in shares of Expedia Group during the 2nd quarter valued at $67,000. Finally, Wilkerson Advisory Group LLC grew its stake in Expedia Group by 53.6% during the first quarter. Wilkerson Advisory Group LLC now owns 464 shares of the online travel company's stock worth $107,000 after buying an additional 162 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EXPE has been the subject of a number of research analyst reports. Cantor Fitzgerald boosted their price target on Expedia Group from $255.00 to $310.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. Susquehanna upped their price target on Expedia Group from $250.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Piper Sandler reissued a "neutral" rating and set a $325.00 target price (up from $245.00) on shares of Expedia Group in a research note on Thursday, August 6th. Jefferies Financial Group raised their target price on Expedia Group from $300.00 to $310.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Finally, Evercore set a $430.00 price target on Expedia Group in a research note on Monday, August 24th. Eighteen investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $316.37.

Expedia Group Stock Down 1.7%

Expedia Group stock opened at $283.97 on Tuesday. The firm has a market capitalization of $34.08 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 0.70 and a beta of 1.36. The firm's fifty day moving average price is $290.51 and its two-hundred day moving average price is $259.92. Expedia Group, Inc. has a 1-year low of $185.34 and a 1-year high of $342.00. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, topping analysts' consensus estimates of $5.22 by $0.54. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The firm's revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.24 EPS. On average, equities research analysts predict that Expedia Group, Inc. will post 17.35 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 27th. Expedia Group's dividend payout ratio is presently 11.97%.

Insider Buying and Selling at Expedia Group

In related news, CAO Lance Soliday sold 2,810 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total transaction of $909,456.50. Following the completion of the sale, the chief accounting officer directly owned 12,006 shares of the company's stock, valued at approximately $3,885,741.90. This trade represents a 18.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert Dzielak sold 1,004 shares of Expedia Group stock in a transaction on Monday, August 24th. The stock was sold at an average price of $335.00, for a total value of $336,340.00. Following the sale, the insider owned 104,331 shares in the company, valued at $34,950,885. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 11,950 shares of company stock worth $3,881,995. Insiders own 5.20% of the company's stock.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group's consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.

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