Hennion & Walsh Asset Management Inc. Makes New Investment in Expedia Group, Inc. $EXPE

Key Points

• Hennion & Walsh Asset Management acquired 5,292 Expedia shares in the second quarter, valued at approximately $1.35 million. Institutional investors collectively own 90.76% of the company.
• Expedia reported quarterly earnings of $5.76 per share, beating estimates by $0.54, while revenue rose 14% year over year to $4.32 billion.
• Expedia declared a quarterly dividend of $0.48 per share, equivalent to a 0.6% yield. Analysts maintain a consensus “Hold” rating with an average price target of $311.76.

Hennion & Walsh Asset Management Inc. acquired a new position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 5,292 shares of the online travel company's stock, valued at approximately $1,354,000.

A number of other hedge funds have also bought and sold shares of the business. Motiv8 Investments LLC purchased a new stake in shares of Expedia Group during the 4th quarter valued at about $25,000. Entrust Financial LLC bought a new stake in shares of Expedia Group in the fourth quarter worth approximately $26,000. DV Equities LLC purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $46,000. Elevation Wealth Partners LLC raised its holdings in shares of Expedia Group by 272.9% during the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company's stock valued at $46,000 after purchasing an additional 131 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its position in 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. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Stock Up 1.4%

Shares of EXPE stock opened at $325.57 on Thursday. 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, Inc. has a 12 month low of $185.34 and a 12 month high of $331.31. The stock has a market cap of $39.90 billion, a P/E ratio of 20.30, a P/E/G ratio of 0.78 and a beta of 1.22. The company has a 50 day simple moving average of $266.45 and a two-hundred day simple moving average of $245.16.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, topping 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 business had revenue of $4.32 billion for the quarter, compared to analysts' expectations of $4.17 billion. During the same quarter last year, the company posted $4.24 EPS. The company's revenue was up 14.0% compared to the same quarter last year. On average, research analysts expect that Expedia Group, Inc. will post 17.18 earnings per share for the current year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, August 27th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, August 27th. This represents a $1.92 annualized dividend and a yield of 0.6%. Expedia Group's payout ratio is 11.97%.

Insider Activity

In other Expedia Group news, insider Robert J. Dzielak sold 4,702 shares of the business's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the completion of the sale, the insider owned 105,448 shares of the company's stock, valued at approximately $24,569,384. The trade was a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 940 shares of the company's stock in a transaction dated Tuesday, May 26th. The stock was 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 owned 14,083 shares of the company's stock, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EXPE shares. Wells Fargo & Company raised their target price on shares of Expedia Group from $303.00 to $307.00 and gave the stock an "equal weight" rating in a report on Friday, August 7th. Evercore reissued an "outperform" rating on shares of Expedia Group in a report on Thursday, August 6th. TD Cowen raised their price target on Expedia Group from $285.00 to $320.00 and gave the stock a "hold" rating in a research note on Friday, August 7th. Robert W. Baird set a $335.00 price target on Expedia Group in a research note on Thursday, August 6th. Finally, Cantor Fitzgerald lifted their price objective on Expedia Group from $255.00 to $310.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $311.76.

Expedia Group Company Profile

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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