Expedia Group, Inc. $EXPE Stock: Evergreen Capital Management LLC Raises Position

Key Points

• Evergreen Capital Management increased its Expedia Group position by 2,412.3% in the third quarter, owning 25,952 shares valued at approximately $6.8 million. Institutional investors collectively own 90.76% of EXPE.
• Expedia insiders sold 11,950 shares worth about $3.88 million over the past 90 days, while insiders retain a 5.20% ownership stake.
• Analyst sentiment is mixed, with an overall “Hold” consensus and an average price target of $316.37. Expedia recently exceeded quarterly earnings and revenue estimates, reporting $5.76 in EPS and $4.32 billion in revenue.

Evergreen Capital Management LLC lifted its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 2,412.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,952 shares of the online travel company's stock after purchasing an additional 24,919 shares during the quarter. Evergreen Capital Management LLC's holdings in Expedia Group were worth $6,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXPE. First Bancorp Inc ME bought a new stake in Expedia Group in the 2nd quarter worth about $28,000. Elevation Wealth Partners LLC raised its position in Expedia Group by 272.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company's stock worth $46,000 after buying an additional 131 shares during the last quarter. CENTRAL TRUST Co raised its position in Expedia Group by 1,147.1% in the 1st quarter. CENTRAL TRUST Co now owns 212 shares of the online travel company's stock worth $49,000 after buying an additional 195 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Expedia Group by 1,618.8% during the 1st quarter. Sound Income Strategies LLC now owns 275 shares of the online travel company's stock valued at $63,000 after acquiring an additional 259 shares during the period. Finally, Coppell Advisory Solutions LLC bought a new position in Expedia Group during the 2nd quarter valued at about $67,000. 90.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Expedia Group

In other news, CAO Lance A. Soliday sold 2,810 shares of Expedia Group stock in a transaction on Tuesday, August 18th. The shares were 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 in the company, valued at $3,885,741.90. This trade represents a 18.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert J. 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 transaction of $336,340.00. Following the transaction, the insider owned 104,331 shares in the company, valued at $34,950,885. This represents a 0.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 11,950 shares of company stock valued at $3,881,995. Insiders own 5.20% of the company's stock.

Analyst Upgrades and Downgrades

EXPE has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their price target on shares of Expedia Group from $290.00 to $330.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 6th. Susquehanna increased their price objective on shares of Expedia Group from $250.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Wall Street Zen downgraded shares of Expedia Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 10th. Robert W. Baird set a $335.00 target price on shares of Expedia Group in a report on Thursday, August 6th. Finally, Morgan Stanley downgraded shares of Expedia Group from an "equal weight" rating to an "underweight" rating and set a $235.00 target price for the company. in a research report on Wednesday, September 16th. Eighteen equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $316.37.

Expedia Group Stock Performance

Expedia Group stock opened at $289.01 on Monday. The business has a 50-day simple moving average of $289.82 and a two-hundred day simple moving average of $266.98. The company has a market cap of $34.69 billion, a P/E ratio of 18.02, a P/E/G ratio of 0.70 and a beta of 1.36. Expedia Group, Inc. has a 52-week low of $185.34 and a 52-week high of $342.00. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, beating the consensus estimate of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.17 billion. During the same quarter in the prior year, the firm earned $4.24 EPS. The business's revenue for the quarter was up 14.0% compared to the same quarter last year. Analysts predict that Expedia Group, Inc. will post 17.35 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, August 27th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, August 27th. Expedia Group's payout ratio is 11.97%.

Expedia Group Company 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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