Boyce & Associates Wealth Consulting Inc. Makes New Investment in Expedia Group, Inc. $EXPE

Key Points

• Boyce & Associates Wealth Consulting acquired 21,813 Expedia Group shares worth approximately $5.75 million, making EXPE its 10th-largest holding at 3.5% of assets. Institutional investors and hedge funds collectively own 90.76% of the company.
• Analyst sentiment is mixed: 18 analysts rate Expedia Group a Buy, 21 a Hold, and one a Sell, resulting in a consensus Hold rating and an average price target of $315.24.
• Expedia’s latest quarterly results exceeded 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 per share, for a 0.7% annualized yield.

Boyce & Associates Wealth Consulting Inc. acquired a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,813 shares of the online travel company's stock, valued at approximately $5,745,000. Expedia Group comprises approximately 3.5% of Boyce & Associates Wealth Consulting Inc.'s holdings, making the stock its 10th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. Signal Advisors Wealth LLC acquired a new stake in Expedia Group during the 3rd quarter worth about $377,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Expedia Group in the third quarter worth about $727,000. Krilogy Financial LLC lifted its holdings in shares of Expedia Group by 16.1% during the third quarter. Krilogy Financial LLC now owns 6,502 shares of the online travel company's stock worth $1,746,000 after purchasing an additional 904 shares during the period. RHS Financial LLC lifted its holdings in shares of Expedia Group by 79.9% during the third quarter. RHS Financial LLC now owns 2,689 shares of the online travel company's stock worth $708,000 after purchasing an additional 1,194 shares during the period. Finally, NorthCrest Asset Manangement LLC boosted its position in Expedia Group by 39.2% in the third quarter. NorthCrest Asset Manangement LLC now owns 5,554 shares of the online travel company's stock valued at $1,500,000 after buying an additional 1,565 shares during the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EXPE shares. B. Riley Financial raised their price target on shares of Expedia Group from $350.00 to $390.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Morgan Stanley lowered shares of Expedia Group from an "equal weight" rating to an "underweight" rating and set a $235.00 price objective on the stock. in a research note on Wednesday, September 16th. Evercore set a $430.00 target price on shares of Expedia Group in a report on Monday, August 24th. BMO Capital Markets reissued a "market perform" rating and set a $285.00 target price on shares of Expedia Group in a report on Friday, August 7th. Finally, BTIG Research restated a "buy" rating and set a $400.00 target price on shares of Expedia Group in a research report on Tuesday, October 6th. Eighteen research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $315.24.

Expedia Group Price Performance

Expedia Group stock opened at $273.44 on Wednesday. The company's fifty day moving average price is $294.57 and its 200 day moving average price is $263.48. Expedia Group, Inc. has a 1 year low of $185.34 and a 1 year high of $342.00. The stock has a market capitalization of $32.82 billion, a P/E ratio of 16.35, a P/E/G ratio of 0.65 and a beta of 1.36. 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 issued its earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $4.17 billion. During the same period in the prior year, the business earned $4.24 earnings per share. The company's quarterly revenue was up 14.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Expedia Group, Inc. will post 17.26 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, August 27th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend 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 Activity

In other news, insider Robert J. Dzielak sold 1,004 shares of Expedia Group stock in a transaction on Monday, August 24th. The shares were sold at an average price of $335.00, for a total transaction of $336,340.00. Following the completion of the sale, the insider directly owned 104,331 shares of the company's stock, valued at approximately $34,950,885. The trade was a 0.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 2,810 shares of the business's stock in a transaction 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 transaction, the chief accounting officer owned 12,006 shares of the company's stock, valued at approximately $3,885,741.90. The trade was a 18.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 11,950 shares of company stock worth $3,881,995. Corporate insiders own 5.20% of the company's stock.

About Expedia Group

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its platforms support the search, comparison and booking of lodging, air travel, car rentals, cruises, vacation packages, activities and other travel-related offerings.

The company operates a portfolio of consumer brands that includes Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these brands, Expedia Group serves individual travelers, property owners, travel suppliers and business partners across markets in North America, Europe, Asia-Pacific and other international regions.

Expedia Group traces its origins to Expedia, which was established within Microsoft in 1996 and became an independent public company in 1999.

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