Corient IA LLC Invests $336,000 in Expedia Group, Inc. $EXPE

Key Points

• Corient IA LLC invested $336,000 in Expedia Group by purchasing 2,000 shares in the first quarter, highlighting renewed interest in travel stocks.
• Expedia Group's quarterly earnings exceeded expectations, with a reported $4.24 EPS against an estimate of $4.13, and a revenue increase of 6.4% year-over-year.
• A quarterly dividend of $0.40 per share was announced, with a record date of August 28th, resulting in an annualized yield of 0.8%.

Corient IA LLC purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,000 shares of the online travel company's stock, valued at approximately $336,000.

A number of other institutional investors have also recently made changes to their positions in the business. Tocqueville Asset Management L.P. bought a new position in Expedia Group during the first quarter valued at $255,000. Ethic Inc. boosted its stake in shares of Expedia Group by 5.6% during the 1st quarter. Ethic Inc. now owns 25,655 shares of the online travel company's stock worth $4,302,000 after purchasing an additional 1,370 shares during the period. Brandywine Global Investment Management LLC grew its holdings in Expedia Group by 12.2% during the 1st quarter. Brandywine Global Investment Management LLC now owns 197,442 shares of the online travel company's stock valued at $33,190,000 after purchasing an additional 21,419 shares during the last quarter. Aberdeen Group plc raised its position in Expedia Group by 101.9% in the 1st quarter. Aberdeen Group plc now owns 96,110 shares of the online travel company's stock worth $15,738,000 after purchasing an additional 48,511 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Expedia Group by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,194,328 shares of the online travel company's stock worth $200,766,000 after purchasing an additional 17,659 shares during the period. Institutional investors own 90.76% of the company's stock.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 3,306 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $200.84, for a total transaction of $663,977.04. Following the sale, the insider directly owned 77,075 shares of the company's stock, valued at approximately $15,479,743. This trade represents a 4.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 9.13% of the stock is owned by corporate insiders.

Expedia Group Trading Up 0.1%

Expedia Group stock opened at $207.44 on Monday. The stock has a 50-day moving average price of $179.94 and a 200 day moving average price of $173.82. The company has a market capitalization of $25.66 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 1.03 and a beta of 1.61. Expedia Group, Inc. has a 52 week low of $126.46 and a 52 week high of $213.00. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.13 by $0.11. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The company had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period last year, the firm posted $3.51 EPS. Expedia Group's revenue for the quarter was up 6.4% compared to the same quarter last year. Sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, August 28th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. Expedia Group's payout ratio is currently 19.61%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on EXPE shares. BTIG Research set a $250.00 target price on Expedia Group and gave the company a "buy" rating in a research report on Friday, August 8th. Royal Bank Of Canada raised their price target on Expedia Group from $180.00 to $200.00 and gave the stock a "sector perform" rating in a research note on Friday, August 8th. B. Riley boosted their price objective on Expedia Group from $222.00 to $260.00 and gave the company a "buy" rating in a report on Friday, August 8th. Wells Fargo & Company reiterated a "positive" rating on shares of Expedia Group in a research note on Friday, August 8th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 target price on shares of Expedia Group in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Expedia Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $205.63.

Expedia Group Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.

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