Pinnacle Associates Ltd. Acquires 2,560 Shares of Expedia Group, Inc. $EXPE

Pinnacle Associates Ltd. raised its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 19.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 16,029 shares of the online travel company’s stock after buying an additional 2,560 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Expedia Group were worth $4,541,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EXPE. Brighton Jones LLC bought a new stake in shares of Expedia Group in the 4th quarter worth approximately $408,000. NewEdge Advisors LLC grew its position in shares of Expedia Group by 5.0% in the 1st quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock worth $917,000 after buying an additional 259 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Expedia Group in the 2nd quarter worth approximately $596,000. Daiwa Securities Group Inc. grew its position in shares of Expedia Group by 6.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 21,265 shares of the online travel company’s stock worth $3,587,000 after buying an additional 1,290 shares during the last quarter. Finally, AXA S.A. grew its position in shares of Expedia Group by 5.9% in the 2nd quarter. AXA S.A. now owns 11,042 shares of the online travel company’s stock worth $1,863,000 after buying an additional 615 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Robert J. Dzielak sold 8,225 shares of Expedia Group stock in a transaction that occurred on Wednesday, March 4th. The shares were 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 directly owned 102,480 shares in the company, valued at approximately $22,629,633.60. This trade represents a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on EXPE shares. BTIG Research reiterated a “buy” rating and issued a $330.00 price objective on shares of Expedia Group in a research report on Friday, May 8th. Jefferies Financial Group upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $240.00 to $300.00 in a report on Monday, March 30th. Weiss Ratings lowered shares of Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. The Goldman Sachs Group raised 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, TD Cowen raised their price objective on shares of Expedia Group from $260.00 to $285.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Seventeen investment 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, Expedia Group presently has a consensus rating of “Hold” and a consensus price target of $285.15.

Expedia Group Stock Performance

Shares of EXPE opened at $217.73 on Friday. The company has a 50-day simple moving average of $238.81 and a two-hundred day simple moving average of $249.39. Expedia Group, Inc. has a one year low of $156.05 and a one year high of $303.80. The firm has a market capitalization of $26.68 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 0.68 and a beta of 1.30. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the business earned $0.40 earnings per share. The business’s revenue was up 14.7% on a year-over-year basis. On average, analysts anticipate that Expedia Group, Inc. will post 16.64 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, May 28th. Expedia Group’s dividend payout ratio (DPR) is presently 16.90%.

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.