CX Institutional Buys 3,677 Shares of Expedia Group, Inc. $EXPE

CX Institutional boosted its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 13.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 30,084 shares of the online travel company’s stock after acquiring an additional 3,677 shares during the period. CX Institutional’s holdings in Expedia Group were worth $7,698,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EXPE. Pacer Advisors Inc. raised its holdings in Expedia Group by 13.3% during the 1st quarter. Pacer Advisors Inc. now owns 1,069,524 shares of the online travel company’s stock worth $246,942,000 after purchasing an additional 125,749 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Expedia Group by 3.6% in the 1st quarter. Parallel Advisors LLC now owns 1,927 shares of the online travel company’s stock valued at $445,000 after purchasing an additional 67 shares during the last quarter. Cozad Asset Management Inc. boosted its stake in shares of Expedia Group by 17.1% in the 1st quarter. Cozad Asset Management Inc. now owns 37,491 shares of the online travel company’s stock valued at $8,656,000 after purchasing an additional 5,482 shares during the last quarter. BankChampaign National Association acquired a new stake in shares of Expedia Group during the first quarter worth $464,000. Finally, CCM Investment Advisers LLC acquired a new stake in shares of Expedia Group during the first quarter worth $394,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Activity

In other Expedia Group news, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $233.00, for a total value of $1,095,566.00. Following the transaction, the insider owned 105,448 shares in the company, valued at approximately $24,569,384. This represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the completion of the sale, the chief accounting officer directly owned 14,083 shares of the company’s stock, valued at $3,124,454.38. This trade represents a 6.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 5.20% of the company’s stock.

Expedia Group Stock Up 1.1%

Shares of NASDAQ EXPE opened at $298.03 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. The firm has a market cap of $36.52 billion, a PE ratio of 26.24, a P/E/G ratio of 0.77 and a beta of 1.22. The company’s fifty day simple moving average is $253.92 and its 200 day simple moving average is $243.54. Expedia Group, Inc. has a 12-month low of $179.60 and a 12-month high of $312.40.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share 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 the consensus estimate of $3.35 billion. During the same period in the previous year, the firm posted $0.40 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Expedia Group, Inc. will post 17.04 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were paid a $0.48 dividend. The ex-dividend date was Thursday, May 28th. This represents a $1.92 annualized dividend and a dividend yield of 0.6%. Expedia Group’s dividend payout ratio (DPR) is currently 16.90%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EXPE shares. Jefferies Financial Group boosted their target price on shares of Expedia Group from $300.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft decreased their price target on Expedia Group from $244.00 to $230.00 and set a “hold” rating for the company in a report on Monday, May 18th. Barclays lifted their price objective on Expedia Group from $260.00 to $264.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Susquehanna boosted their price objective on Expedia Group from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Finally, Citigroup restated a “neutral” rating on shares of Expedia Group in a research report on Monday, May 18th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $292.67.

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.