Expedia Group, Inc. $EXPE Stock: GRIMES & Co WEALTH MANAGEMENT LLC Grows Position

Key Points

• GRIMES & Co WEALTH MANAGEMENT LLC increased its Expedia Group stake by 210.3% in the third quarter, ending with 31,739 shares valued at approximately $8.36 million. Institutional investors and hedge funds collectively own 90.76% of EXPE.
• Expedia reported quarterly revenue of $4.32 billion and earnings of $5.76 per share, exceeding analyst expectations, while revenue grew 14% year over year. The company also announced a quarterly dividend of $0.48 per share, equivalent to a 0.6% annual yield.
• Analyst sentiment remains mixed, with an overall “Hold” rating and a consensus price target of $316.37. Shares opened at $298.99, while insiders sold nearly 12,000 shares during the quarter.

GRIMES & Co WEALTH MANAGEMENT LLC boosted its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 210.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,739 shares of the online travel company's stock after purchasing an additional 21,512 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in Expedia Group were worth $8,359,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Valley National Advisers Inc. boosted its holdings in shares of Expedia Group by 900.0% in the 3rd quarter. Valley National Advisers Inc. now owns 100 shares of the online travel company's stock valued at $26,000 after buying an additional 90 shares in the last quarter. First Bancorp Inc ME purchased a new position in shares of Expedia Group in the 2nd quarter valued at $28,000. Elevation Wealth Partners LLC raised its stake in Expedia Group by 272.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company's stock worth $46,000 after acquiring an additional 131 shares in the last quarter. Sound Income Strategies LLC raised 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 worth $63,000 after acquiring an additional 259 shares in the last quarter. Finally, Latitude Advisors LLC acquired a new stake in Expedia Group during the 3rd quarter worth $82,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Stock Performance

NASDAQ EXPE opened at $298.99 on Tuesday. The stock has a market capitalization of $35.88 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 0.67 and a beta of 1.36. The business's 50 day moving average is $285.72 and its two-hundred day moving average is $259.52. Expedia Group, Inc. has a 12-month low of $185.34 and a 12-month high of $342.00. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted 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 return on equity of 87.32% and a net margin of 12.97%. The business had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.17 billion. During the same period last year, the firm earned $4.24 EPS. The company's quarterly revenue was up 14.0% compared to the same quarter last year. Research analysts expect that Expedia Group, Inc. will post 17.37 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th were issued a $0.48 dividend. The ex-dividend date of this dividend 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%.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, insider Robert Dzielak sold 1,004 shares of the business's 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 sale, the insider directly owned 104,331 shares in the company, valued at approximately $34,950,885. The trade was a 0.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lance Soliday sold 2,810 shares of the company'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 directly owned 12,006 shares in the company, valued at approximately $3,885,741.90. This trade represents a 18.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 11,950 shares of company stock valued at $3,881,995. 5.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Expedia Group from $307.00 to $275.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 7th. UBS Group lifted their target price on Expedia Group from $322.00 to $351.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 12th. Cantor Fitzgerald boosted their target price on Expedia Group from $255.00 to $310.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Wedbush upped their target price on Expedia Group from $334.00 to $417.00 and gave the company an "outperform" rating in a research report on Thursday, August 20th. Finally, Royal Bank Of Canada raised their price target on Expedia Group from $290.00 to $330.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 6th. Eighteen equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $316.37.

About Expedia Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.