Expedia Group, Inc. $EXPE Shares Purchased by Allstate Corp

Key Points

• Allstate Corp more than doubled its stake in Expedia Group during the fourth quarter, increasing holdings by 107.4% to 8,936 shares valued at about $2.53 million.
• Expedia reported strong quarterly results, posting earnings of $1.96 per share versus estimates of $1.41 and revenue of $3.43 billion, up 14.7% year over year.
• The company also announced a quarterly dividend of $0.48 per share, while analysts currently have a mixed view overall with a consensus rating of “Hold” and an average price target of $284.42.

Allstate Corp boosted its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 107.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,936 shares of the online travel company's stock after buying an additional 4,628 shares during the period. Allstate Corp's holdings in Expedia Group were worth $2,532,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Entrust Financial LLC acquired a new position in shares of Expedia Group during the fourth quarter valued at $26,000. JFS Wealth Advisors LLC increased its holdings in shares of Expedia Group by 78.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company's stock valued at $28,000 after purchasing an additional 44 shares during the period. Lodestone Wealth Management LLC acquired a new position in shares of Expedia Group during the fourth quarter valued at $29,000. Rossby Financial LCC increased its holdings in shares of Expedia Group by 103.8% during the third quarter. Rossby Financial LCC now owns 161 shares of the online travel company's stock valued at $35,000 after purchasing an additional 82 shares during the period. Finally, Sunbelt Securities Inc. increased its holdings 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 valued at $39,000 after purchasing an additional 165 shares during the period. 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 firm's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total transaction 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 $22,629,633.60. This trade represents a 7.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.20% of the stock is owned by company insiders.

Expedia Group Trading Up 1.6%

Shares of NASDAQ EXPE opened at $226.56 on Thursday. Expedia Group, Inc. has a one year low of $160.00 and a one year high of $303.80. The firm has a market capitalization of $27.76 billion, a PE ratio of 19.94, a PEG ratio of 0.69 and a beta of 1.30. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. The business has a 50-day moving average price of $235.86 and a two-hundred day moving average price of $249.56.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the company posted $0.40 EPS. The business's quarterly revenue was up 14.7% compared to the same quarter last year. As a group, analysts predict that Expedia Group, Inc. will post 16.76 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. Expedia Group's dividend payout ratio (DPR) is 16.90%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on Expedia Group from $310.00 to $307.00 and set an "equal weight" rating for the company in a research note on Friday, May 8th. Wedbush reaffirmed a "neutral" rating and set a $260.00 target price on shares of Expedia Group in a research note on Tuesday, February 17th. Benchmark decreased their target price on Expedia Group from $310.00 to $290.00 and set a "buy" rating for the company in a research note on Friday, February 13th. The Goldman Sachs Group raised their target price on Expedia Group from $325.00 to $355.00 and gave the company a "buy" rating in a research note on Friday, February 13th. Finally, Piper Sandler raised their target price on Expedia Group from $225.00 to $245.00 and gave the company a "neutral" rating in a research note on Friday, May 8th. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $284.42.

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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