Russell Investments Group Ltd. raised its stake in shares of Expedia Group Inc (NASDAQ:EXPE) by 501.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 138,616 shares of the online travel company’s stock after acquiring an additional 115,564 shares during the period. Russell Investments Group Ltd. owned approximately 0.09% of Expedia Group worth $16,689,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Global X Management Co. LLC lifted its position in shares of Expedia Group by 23.2% in the 1st quarter. Global X Management Co. LLC now owns 5,292 shares of the online travel company’s stock worth $584,000 after purchasing an additional 997 shares during the period. FDx Advisors Inc. acquired a new position in shares of Expedia Group in the 1st quarter worth approximately $225,000. Wells Fargo & Company MN lifted its position in shares of Expedia Group by 22.1% in the 1st quarter. Wells Fargo & Company MN now owns 638,012 shares of the online travel company’s stock worth $70,443,000 after purchasing an additional 115,536 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Expedia Group by 46.1% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 85,488 shares of the online travel company’s stock worth $9,439,000 after purchasing an additional 26,984 shares during the period. Finally, Commerzbank Aktiengesellschaft FI lifted its position in shares of Expedia Group by 0.6% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 128,128 shares of the online travel company’s stock worth $14,147,000 after purchasing an additional 758 shares during the period. 79.50% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on EXPE shares. JPMorgan Chase & Co. boosted their price target on shares of Expedia Group from $115.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Credit Suisse Group boosted their price target on shares of Expedia Group from $135.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. BidaskClub upgraded shares of Expedia Group from a “hold” rating to a “buy” rating in a research report on Thursday, May 24th. Benchmark restated a “hold” rating on shares of Expedia Group in a research report on Friday, July 27th. Finally, Cowen set a $150.00 price target on shares of Expedia Group and gave the stock a “buy” rating in a research report on Thursday, July 19th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Expedia Group presently has a consensus rating of “Buy” and an average target price of $148.87.

Expedia Group stock opened at $131.45 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.74 and a current ratio of 0.74. Expedia Group Inc has a 12-month low of $98.52 and a 12-month high of $154.24. The firm has a market cap of $19.68 billion, a P/E ratio of 37.06, a P/E/G ratio of 1.85 and a beta of 1.37.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, July 26th. The online travel company reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.83. Expedia Group had a net margin of 2.54% and a return on equity of 9.48%. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the previous year, the company earned $0.89 EPS. Expedia Group’s quarterly revenue was up 11.4% compared to the same quarter last year. equities research analysts expect that Expedia Group Inc will post 4.42 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 13th. Investors of record on Thursday, August 23rd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, August 22nd. This is an increase from Expedia Group’s previous quarterly dividend of $0.30. Expedia Group’s payout ratio is presently 34.41%.

In other Expedia Group news, Director Susan C. Athey sold 1,547 shares of the business’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $133.99, for a total transaction of $207,282.53. Following the completion of the sale, the director now owns 1,974 shares in the company, valued at approximately $264,496.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lance A. Soliday sold 3,269 shares of the business’s stock in a transaction on Friday, July 27th. The shares were sold at an average price of $138.07, for a total transaction of $451,350.83. Following the sale, the insider now owns 7,143 shares of the company’s stock, valued at approximately $986,234.01. The disclosure for this sale can be found here. Insiders have sold a total of 8,316 shares of company stock worth $1,125,813 in the last quarter. 20.96% of the stock is owned by corporate insiders.

About Expedia Group

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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