Petros Family Wealth LLC Takes Position in Expedia Group, Inc. $EXPE

Petros Family Wealth LLC purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the third quarter, HoldingsChannel.com reports. The fund purchased 1,872 shares of the online travel company’s stock, valued at approximately $400,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HM Payson & Co. grew its holdings in shares of Expedia Group by 120.0% in the third quarter. HM Payson & Co. now owns 220 shares of the online travel company’s stock valued at $47,000 after purchasing an additional 120 shares in the last quarter. Retireful LLC boosted its position in Expedia Group by 19.6% during the third quarter. Retireful LLC now owns 5,690 shares of the online travel company’s stock valued at $1,216,000 after purchasing an additional 933 shares in the last quarter. Annex Advisory Services LLC purchased a new position in Expedia Group during the 3rd quarter worth $26,956,000. Three Seasons Wealth LLC acquired a new position in shares of Expedia Group in the 3rd quarter valued at $572,000. Finally, Perigon Wealth Management LLC purchased a new position in shares of Expedia Group during the third quarter worth $726,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $287.56 on Monday. The firm has a market capitalization of $35.23 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 1.30 and a beta of 1.44. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.72. The firm has a 50-day moving average price of $253.63 and a 200 day moving average price of $217.65. Expedia Group, Inc. has a 12-month low of $130.01 and a 12-month high of $292.42.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.10 by $0.47. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the prior year, the firm posted $6.13 earnings per share. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. Research analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, November 19th. This represents a $1.60 annualized dividend and a yield of 0.6%. Expedia Group’s dividend payout ratio is presently 15.31%.

Analyst Ratings Changes

Several research analysts have recently weighed in on EXPE shares. Cantor Fitzgerald boosted their target price on Expedia Group from $220.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Expedia Group from $185.00 to $235.00 and gave the company a “hold” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. boosted their price target on shares of Expedia Group from $225.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Royal Bank Of Canada boosted their price target on Expedia Group from $260.00 to $290.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. Finally, BNP Paribas Exane began coverage on Expedia Group in a report on Monday, November 24th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and twenty-four have issued 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 $270.66.

Insider Activity at Expedia Group

In other news, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $271.55, for a total transaction of $814,650.00. Following the completion of the transaction, the director directly owned 30,858 shares in the company, valued at $8,379,489.90. This trade represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 849 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $248.08, for a total value of $210,619.92. Following the transaction, the chief accounting officer directly owned 11,662 shares of the company’s stock, valued at approximately $2,893,108.96. This trade represents a 6.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 4,849 shares of company stock valued at $1,283,270. 9.13% of the stock is owned by insiders.

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.