Expedia Group, Inc. $EXPE Stock Position Lifted by Cibc World Market Inc.

Key Points

• CIBC World Market Inc. increased its Expedia Group stake by 257.4% in the fourth quarter, buying an additional 22,391 shares and bringing its total to 31,089 shares worth about $8.81 million.
• Expedia reported a strong quarterly update, with EPS of $1.96 beating estimates and revenue of $3.43 billion topping forecasts, while revenue rose 14.7% year over year.
• The company announced a quarterly dividend of $0.48 per share, and analysts currently view the stock as a Hold overall with a consensus price target of $284.42.

Cibc World Market Inc. boosted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 257.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,089 shares of the online travel company's stock after purchasing an additional 22,391 shares during the period. Cibc World Market Inc.'s holdings in Expedia Group were worth $8,808,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sivia Capital Partners LLC grew its position in Expedia Group by 7.3% during the fourth quarter. Sivia Capital Partners LLC now owns 5,407 shares of the online travel company's stock valued at $1,532,000 after purchasing an additional 369 shares in the last quarter. Lido Advisors LLC grew its position in Expedia Group by 2.6% during the fourth quarter. Lido Advisors LLC now owns 5,724 shares of the online travel company's stock valued at $1,622,000 after purchasing an additional 143 shares in the last quarter. Transatlantique Private Wealth LLC grew its position in Expedia Group by 2.5% during the fourth quarter. Transatlantique Private Wealth LLC now owns 8,048 shares of the online travel company's stock valued at $2,223,000 after purchasing an additional 200 shares in the last quarter. CIBC Asset Management Inc grew its position in Expedia Group by 61.9% during the fourth quarter. CIBC Asset Management Inc now owns 27,933 shares of the online travel company's stock valued at $7,914,000 after purchasing an additional 10,685 shares in the last quarter. Finally, Marble Wealth LLC purchased a new position in Expedia Group during the fourth quarter valued at approximately $289,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Price Performance

NASDAQ EXPE opened at $228.88 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. The stock has a market capitalization of $28.05 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 0.70 and a beta of 1.25. The company has a 50 day moving average price of $234.33 and a two-hundred day moving average price of $247.76. Expedia Group, Inc. has a 12-month low of $160.00 and a 12-month high of $303.80.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.55. The firm had revenue of $3.43 billion during the quarter, compared to analysts' expectations of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The company's revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 earnings per share. As a group, equities analysts predict that Expedia Group, Inc. will post 17.07 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

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

Insider Buying and Selling at Expedia Group

In other news, CAO Lance A. Soliday sold 940 shares of the business's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the completion of the sale, the chief accounting officer directly owned 14,083 shares in the company, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.20% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. DA Davidson lowered their price objective on shares of Expedia Group from $260.00 to $250.00 and set a "neutral" rating on the stock in a research report on Friday, May 15th. Citizens Jmp reaffirmed a "market perform" rating on shares of Expedia Group in a research report on Tuesday, February 17th. Sanford C. Bernstein reduced their target price on shares of Expedia Group from $256.00 to $253.00 and set a "market perform" rating for the company in a research note on Wednesday, March 11th. HSBC lifted their target price on shares of Expedia Group from $365.00 to $387.00 and gave the company a "buy" rating in a research note on Friday, February 13th. Finally, Susquehanna lifted their target price on shares of Expedia Group from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Monday, May 11th. Sixteen equities research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price 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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