Oliver Luxxe Assets LLC Purchases Shares of 11,168 Expedia Group, Inc. $EXPE

Key Points

• Oliver Luxxe Assets LLC opened a new Q4 position in Expedia (NASDAQ:EXPE) of 11,168 shares valued at about $3.16 million, while institutional investors now own roughly 90.76% of the stock.
• Expedia beat quarterly expectations with EPS of $3.78 (vs. $3.32 est.) and revenue of $3.55B (up 11.4% YoY), and the company raised its quarterly dividend to $0.48 (annualized $1.92, yield 0.8%).
• Analysts carry a consensus “Hold” rating on EXPE with an average price target of $281.65 (13 Buys, 22 Holds); Morgan Stanley recently raised its target to $270.

Oliver Luxxe Assets LLC acquired a new position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,168 shares of the online travel company's stock, valued at approximately $3,164,000.

Other hedge funds have also recently made changes to their positions in the company. Wedmont Private Capital boosted its position in shares of Expedia Group by 41.9% during the fourth quarter. Wedmont Private Capital now owns 1,511 shares of the online travel company's stock worth $449,000 after buying an additional 446 shares during the period. Maridea Wealth Management LLC acquired a new stake in shares of Expedia Group in the fourth quarter valued at $411,000. Nordea Investment Management AB raised its holdings in shares of Expedia Group by 1.0% in the 4th quarter. Nordea Investment Management AB now owns 63,535 shares of the online travel company's stock valued at $18,022,000 after buying an additional 636 shares during the period. Occidental Asset Management LLC purchased a new stake in shares of Expedia Group in the 4th quarter valued at $330,000. Finally, Cooper Financial Group acquired a new position in Expedia Group during the 4th quarter worth about $304,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley raised their target price on Expedia Group from $180.00 to $270.00 and gave the company an "equal weight" rating in a report on Tuesday, January 13th. UBS Group set a $266.00 price target on shares of Expedia Group in a research report on Friday, February 13th. Argus lowered their price objective on shares of Expedia Group from $345.00 to $250.00 and set a "buy" rating for the company in a research note on Tuesday, February 17th. Citizens Jmp restated a "market perform" rating on shares of Expedia Group in a report on Tuesday, February 17th. Finally, Wedbush reiterated a "neutral" rating and set a $260.00 target price on shares of Expedia Group in a report on Tuesday, February 17th. Thirteen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $281.65.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 8,225 shares of the 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 transaction, the insider owned 102,480 shares of the company's stock, valued at $22,629,633.60. This represents a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 9.13% of the stock is owned by company insiders.

Expedia Group Stock Down 1.8%

Shares of Expedia Group stock opened at $235.18 on Friday. Expedia Group, Inc. has a 52-week low of $130.01 and a 52-week high of $303.80. The company has a 50 day moving average of $241.81 and a 200 day moving average of $243.99. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $28.82 billion, a P/E ratio of 23.88, a P/E/G ratio of 0.73 and a beta of 1.41.

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

Expedia Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, March 5th. This is an increase 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%. Expedia Group's payout ratio is presently 19.49%.

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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