Highland Capital Management LLC Takes $2.07 Million Position in Expedia Group, Inc. $EXPE

Highland Capital Management LLC acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,289 shares of the online travel company’s stock, valued at approximately $2,065,000.

Other institutional investors and hedge funds have also modified their holdings of the company. JFS Wealth Advisors LLC lifted its holdings in shares of Expedia Group by 78.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after buying an additional 44 shares during the period. Lodestone Wealth Management LLC acquired a new position in shares of Expedia Group in the 4th quarter valued at about $29,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of Expedia Group in the 3rd quarter valued at about $30,000. Rossby Financial LCC lifted its holdings in shares of Expedia Group by 103.8% in the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock valued at $35,000 after buying an additional 82 shares during the period. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Expedia Group by 970.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock valued at $39,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.13% of the stock is owned by insiders.

Analysts Set New Price Targets

EXPE has been the subject of several analyst reports. Wedbush reissued a “neutral” rating and issued a $260.00 price objective on shares of Expedia Group in a report on Tuesday, February 17th. Truist Financial reduced their price target on Expedia Group from $252.00 to $246.00 and set a “hold” rating for the company in a report on Monday, April 6th. Wells Fargo & Company reduced their price target on Expedia Group from $311.00 to $310.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Zacks Research cut Expedia Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $240.00 price target on shares of Expedia Group in a report on Tuesday, February 17th. Fourteen analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $282.74.

Expedia Group Stock Performance

NASDAQ EXPE opened at $248.65 on Wednesday. The stock has a market capitalization of $30.47 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 0.75 and a beta of 1.30. Expedia Group, Inc. has a twelve month low of $148.55 and a twelve month high of $303.80. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.75. The stock has a 50-day moving average of $235.80 and a 200 day moving average of $249.09.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.46. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.Expedia Group’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.39 EPS. Sell-side analysts anticipate that Expedia Group, Inc. will post 16.64 EPS for the current fiscal year.

Expedia Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was 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 currently 19.49%.

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.