Freestone Capital Holdings LLC Raises Stake in Expedia Group, Inc. $EXPE

Key Points

• Freestone Capital Holdings LLC significantly increased its stake in Expedia Group by 635.9%, owning nearly 16,000 shares valued at approximately $2.68 million.
• Expedia's recent quarterly earnings reported an EPS of $4.24, exceeding estimates, with a year-over-year revenue growth of 6.4%.
• The company declared a quarterly dividend of $0.40 per share, with an annualized yield of 0.8%, highlighting its ongoing commitment to returning value to shareholders.

Freestone Capital Holdings LLC grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 635.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,968 shares of the online travel company's stock after purchasing an additional 13,798 shares during the period. Freestone Capital Holdings LLC's holdings in Expedia Group were worth $2,684,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in EXPE. Minot DeBlois Advisors LLC acquired a new position in shares of Expedia Group during the 4th quarter worth $27,000. McClarren Financial Advisors Inc. acquired a new position in shares of Expedia Group during the 1st quarter worth $28,000. Atlas Capital Advisors Inc. acquired a new position in shares of Expedia Group during the 1st quarter worth $28,000. Park Square Financial Group LLC acquired a new position in shares of Expedia Group during the 1st quarter worth $34,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Expedia Group during the 1st quarter worth $36,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 3,306 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $200.84, for a total transaction of $663,977.04. Following the transaction, the insider directly owned 77,075 shares in the company, valued at $15,479,743. This represents a 4.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 9.13% of the stock is currently owned by insiders.

Expedia Group Trading Up 0.1%

Shares of EXPE stock opened at $207.44 on Monday. The firm has a market cap of $25.66 billion, a P/E ratio of 25.42, a PEG ratio of 1.03 and a beta of 1.61. Expedia Group, Inc. has a 1-year low of $126.46 and a 1-year high of $213.00. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The firm's 50-day simple moving average is $179.94 and its 200-day simple moving average is $173.82.

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

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 28th. Expedia Group's dividend payout ratio is presently 19.61%.

Analysts Set New Price Targets

Several research firms have recently issued reports on EXPE. Wall Street Zen raised Expedia Group from a "hold" rating to a "buy" rating in a research note on Monday, July 28th. Royal Bank Of Canada lifted 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. Wells Fargo & Company reaffirmed a "positive" rating on shares of Expedia Group in a research note on Friday, August 8th. Cowen reaffirmed a "hold" rating on shares of Expedia Group in a research note on Friday, August 8th. Finally, Citigroup lifted their price target on Expedia Group from $177.00 to $206.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $205.63.

Expedia Group Company 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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