Kepler Cheuvreux Suisse SA Invests $2.13 Million in Expedia Group, Inc. $EXPE

Key Points

• Kepler Cheuvreux Suisse SA bought a new stake in Expedia Group, acquiring 9,940 shares worth about $2.13 million in the third quarter, and institutional investors now own roughly 90.76% of the stock.
• Insider Robert J. Dzielak sold 8,225 shares on March 4 at an average price of $220.82 for about $1.82 million, reducing his direct ownership by 7.43%.
• Expedia reported a quarterly earnings beat (EPS $3.78 vs. $3.32 expected) with revenue of $3.55 billion, and the company raised its quarterly dividend to $0.48 (annualized $1.92, yield ~0.8%).

Kepler Cheuvreux Suisse SA acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 9,940 shares of the online travel company's stock, valued at approximately $2,125,000.

A number of other large investors have also recently bought and sold shares of the business. Grey Fox Wealth Advisors LLC bought a new position in Expedia Group during the third quarter valued at about $30,000. Rossby Financial LCC boosted its stake in shares of Expedia Group by 103.8% during the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company's stock worth $35,000 after acquiring an additional 82 shares in the last quarter. SOA Wealth Advisors LLC. bought a new stake in shares of Expedia Group during the 3rd quarter worth about $36,000. Armstrong Advisory Group Inc. increased its holdings in shares of Expedia Group by 212.7% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company's stock valued at $37,000 after acquiring an additional 117 shares during the last quarter. Finally, Westside Investment Management Inc. increased its holdings in shares of Expedia Group by 43.2% during the 3rd quarter. Westside Investment Management Inc. now owns 189 shares of the online travel company's stock valued at $41,000 after acquiring an additional 57 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Robert J. Dzielak sold 8,225 shares of the company's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total value of $1,816,244.50. Following the completion of the transaction, the insider directly owned 102,480 shares in the company, valued at approximately $22,629,633.60. This represents a 7.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 9.13% of the company's stock.

Expedia Group Stock Down 0.6%

NASDAQ EXPE opened at $230.35 on Thursday. Expedia Group, Inc. has a twelve month low of $130.01 and a twelve month high of $303.80. The stock has a market cap of $28.23 billion, a PE ratio of 23.39, a PEG ratio of 0.72 and a beta of 1.41. The firm has a 50-day simple moving average of $249.90 and a 200 day simple moving average of $242.96. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.73 and a current ratio of 0.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.46. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.41 billion. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.The company's quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.39 earnings per share. On average, research analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.48 per share. This is a boost from Expedia Group's previous quarterly dividend of $0.40. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, March 5th. Expedia Group's dividend payout ratio (DPR) is presently 19.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein reduced their target price on Expedia Group from $256.00 to $253.00 and set a "market perform" rating for the company in a report on Wednesday. Weiss Ratings lowered shares of Expedia Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, February 17th. BTIG Research restated a "buy" rating and issued a $330.00 price objective on shares of Expedia Group in a research note on Friday, February 13th. The Goldman Sachs Group upped their price objective on shares of Expedia Group from $325.00 to $355.00 and gave the stock a "buy" rating in a report on Friday, February 13th. Finally, UBS Group set a $266.00 target price on shares of Expedia Group in a research note on Friday, February 13th. Thirteen analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $281.65.

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.

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.