AlphaGrep UK Ltd Takes $935,000 Position in Expedia Group, Inc. $EXPE

AlphaGrep UK Ltd bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,655 shares of the online travel company's stock, valued at approximately $935,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXPE. Motiv8 Investments LLC purchased a new stake in shares of Expedia Group in the 4th quarter valued at approximately $25,000. Entrust Financial LLC acquired a new position in Expedia Group during the fourth quarter worth $26,000. First Bancorp Inc ME purchased a new position in shares of Expedia Group during the second quarter worth $28,000. Sunbelt Securities Inc. boosted its position in shares of Expedia Group by 970.6% during the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company's stock worth $39,000 after buying an additional 165 shares during the period. Finally, DV Equities LLC acquired a new stake in shares of Expedia Group in the fourth quarter valued at $46,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Expedia Group

In other news, CAO Lance Soliday sold 2,810 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total value of $909,456.50. Following the completion of the transaction, the chief accounting officer owned 12,006 shares in the company, valued at $3,885,741.90. This trade represents a 18.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction, the insider directly owned 104,331 shares of the company's stock, valued at $34,950,885. This trade represents a 0.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 11,950 shares of company stock valued at $3,881,995. Insiders own 5.20% of the company's stock.

Analysts Set New Price Targets

EXPE has been the topic of several research reports. B. Riley Financial increased their target price on Expedia Group from $350.00 to $390.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Argus lifted their target price on Expedia Group from $270.00 to $315.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Expedia Group from $244.00 to $230.00 and set a "hold" rating on the stock in a research report on Monday, May 18th. Wells Fargo & Company raised their price objective on shares of Expedia Group from $303.00 to $307.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. Finally, Evercore set a $430.00 price objective on shares of Expedia Group in a report on Monday, August 24th. Eighteen equities research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to MarketBeat, Expedia Group currently has an average rating of "Hold" and a consensus target price of $318.71.

Expedia Group Price Performance

Expedia Group stock opened at $298.04 on Friday. The company has a market cap of $35.77 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 0.74 and a beta of 1.25. Expedia Group, Inc. has a one year low of $185.34 and a one year high of $342.00. The business has a fifty day moving average of $294.84 and a two-hundred day moving average of $253.83. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly 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. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The business had revenue of $4.32 billion for the quarter, compared to analysts' expectations of $4.17 billion. During the same period in the prior year, the company posted $4.24 EPS. The business's revenue for the quarter was up 14.0% on a year-over-year basis. As a group, analysts predict that Expedia Group, Inc. will post 17.15 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, August 27th. Expedia Group's payout ratio is presently 11.97%.

Expedia Group Company 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.

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