44 Wealth Management LLC Makes New $1.36 Million Investment in Expedia Group, Inc. $EXPE

Key Points

• 44 Wealth Management bought 6,355 shares of Expedia Group in Q3—about $1.36 million—as part of broader institutional activity, with institutions and hedge funds owning roughly 90.76% of the stock.
• Expedia beat recent estimates, reporting $3.78 EPS vs. $3.32 expected and $3.55 billion in revenue vs. $3.41 billion, with analysts maintaining a consensus "Hold" and an average price target of $281.65.
• The company raised its quarterly dividend from $0.40 to $0.48 (annualized $1.92), with an ex-dividend date of March 5 and payment on March 26.

44 Wealth Management LLC bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,355 shares of the online travel company's stock, valued at approximately $1,358,000.

Several other institutional investors also recently bought and sold shares of EXPE. CI Investments Inc. grew its stake in shares of 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 worth $9,025,000 after acquiring an additional 39,922 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of Expedia Group in the third quarter valued at $1,063,000. Convergence Investment Partners LLC purchased a new position in Expedia Group in the third quarter valued at $1,001,000. Railway Pension Investments Ltd boosted its holdings in Expedia Group by 19.6% in the third quarter. Railway Pension Investments Ltd now owns 115,200 shares of the online travel company's stock valued at $24,624,000 after purchasing an additional 18,900 shares during the period. Finally, Savant Capital LLC grew its stake in Expedia Group by 13.9% during the 3rd quarter. Savant Capital LLC now owns 39,700 shares of the online travel company's stock worth $8,486,000 after purchasing an additional 4,853 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 8,225 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total value of $1,816,244.50. Following the completion of the sale, the insider directly owned 102,480 shares of the company's stock, valued at approximately $22,629,633.60. This represents a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Truist Financial upped their price target on Expedia Group from $210.00 to $252.00 and gave the stock a "hold" rating in a report on Tuesday, February 10th. Wells Fargo & Company lowered their price objective on Expedia Group from $329.00 to $315.00 and set an "equal weight" rating for the company in a research report on Friday, February 13th. Bank of America upped their target price on shares of Expedia Group from $303.00 to $306.00 and gave the stock a "buy" rating in a research note on Friday, February 13th. Jefferies Financial Group raised their target price on shares of Expedia Group from $270.00 to $285.00 and gave the company a "hold" rating in a report on Thursday, December 11th. Finally, TD Cowen decreased their price target on shares of Expedia Group from $300.00 to $260.00 and set a "hold" rating for the company in a research note on Friday, February 13th. Thirteen analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company's stock. According to data from MarketBeat, Expedia Group presently has a consensus rating of "Hold" and an average price target of $281.65.

Expedia Group Stock Performance

Shares of EXPE stock opened at $228.37 on Friday. The stock's 50-day moving average is $247.69 and its two-hundred day moving average is $243.16. 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 1 year low of $130.01 and a 1 year high of $303.80. The firm has a market cap of $27.98 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 0.71 and a beta of 1.41.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.46. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.41 billion. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.The business's quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.39 EPS. Analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be paid a $0.48 dividend. This is an increase from Expedia Group's previous quarterly dividend of $0.40. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, March 5th. Expedia Group's dividend payout ratio (DPR) is presently 19.49%.

About Expedia Group

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.

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