Axecap Investments LLC Makes New $2.09 Million Investment in Expedia Group, Inc. $EXPE

Key Points

• Axecap Investments acquired 7,942 Expedia Group shares worth approximately $2.09 million in the third quarter. Institutional investors collectively own 90.76% of the company.
• Expedia reported stronger-than-expected quarterly results, with earnings of $5.76 per share and revenue of $4.32 billion, up 14% year over year.
• Analyst sentiment remains mixed: the stock has an overall “Hold” rating and an average price target of $316.37, while shares recently traded at $300.76.

Axecap Investments LLC purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,942 shares of the online travel company's stock, valued at approximately $2,092,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Plato Investment Management Ltd bought a new position in shares of Expedia Group during the 2nd quarter worth $2,562,000. Tidal Investments LLC increased its stake in shares of Expedia Group by 47.4% during the second quarter. Tidal Investments LLC now owns 32,146 shares of the online travel company's stock valued at $8,226,000 after buying an additional 10,331 shares during the period. Corient Private Wealth LLC increased its stake in shares of Expedia Group by 17.8% during the fourth quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company's stock valued at $17,344,000 after buying an additional 9,256 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Expedia Group in the second quarter valued at about $166,203,000. Finally, Lombard Odier Asset Management Switzerland SA bought a new stake in shares of Expedia Group in the first quarter valued at about $910,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EXPE has been the topic of several recent research reports. Weiss Ratings upgraded shares of Expedia Group from a "hold (c)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Evercore set a $430.00 target price on shares of Expedia Group in a research report on Monday, August 24th. Susquehanna boosted their price target on shares of Expedia Group from $250.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Wells Fargo & Company reduced their price target on shares of Expedia Group from $307.00 to $275.00 and set an "equal weight" rating for the company in a report on Wednesday, October 7th. Finally, BTIG Research reaffirmed a "buy" rating and issued a $400.00 price target on shares of Expedia Group in a research report on Tuesday, October 6th. Eighteen equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $316.37.

Expedia Group Trading Up 3.1%

Expedia Group stock opened at $300.76 on Wednesday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $36.10 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The stock has a 50-day moving average of $292.09 and a two-hundred day moving average of $265.62. Expedia Group, Inc. has a one year low of $185.34 and a one year high of $342.00.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued 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 return on equity of 87.32% and a net margin of 12.97%. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.17 billion. During the same quarter in the previous year, the firm earned $4.24 earnings per share. The company's revenue was up 14.0% on a year-over-year basis. On average, research analysts anticipate that Expedia Group, Inc. will post 17.26 EPS for the current fiscal year.

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, August 27th were paid a $0.48 dividend. The ex-dividend date was Thursday, August 27th. This represents a $1.92 dividend on an annualized basis and a yield of 0.6%. Expedia Group's dividend payout ratio (DPR) is 11.97%.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 2,810 shares of the firm's stock in a transaction on Tuesday, August 18th. The shares were 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 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 1,004 shares of the firm's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $335.00, for a total transaction of $336,340.00. Following the completion of the transaction, the insider directly owned 104,331 shares of the company's stock, valued at approximately $34,950,885. This represents a 0.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 11,950 shares of company stock valued at $3,881,995. Insiders own 5.20% of the company's stock.

Expedia Group 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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