Expedia Group, Inc. $EXPE Position Raised by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 12.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,556 shares of the online travel company’s stock after acquiring an additional 4,148 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Expedia Group were worth $10,154,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. First Trust Advisors LP raised its holdings in shares of Expedia Group by 104.1% in the first quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock valued at $275,112,000 after purchasing an additional 607,698 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Expedia Group by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,190,874 shares of the online travel company’s stock worth $274,948,000 after purchasing an additional 17,378 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Expedia Group by 13.3% in the 1st quarter. Pacer Advisors Inc. now owns 1,069,524 shares of the online travel company’s stock valued at $246,942,000 after buying an additional 125,749 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Expedia Group by 67.7% in the 2nd quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company’s stock valued at $199,622,000 after purchasing an additional 314,984 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Expedia Group in the 2nd quarter valued at about $166,203,000. 90.76% of the stock is owned by institutional investors.

Expedia Group Stock Up 4.5%

Shares of NASDAQ EXPE opened at $298.49 on Friday. The stock has a market capitalization of $35.82 billion, a P/E ratio of 18.61, a PEG ratio of 0.69 and a beta of 1.36. The stock’s fifty day moving average is $290.69 and its 200 day moving average is $266.56. Expedia Group, Inc. has a 52 week low of $185.34 and a 52 week high of $342.00. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, topping the consensus estimate of $5.22 by $0.54. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. Expedia Group’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.24 earnings per share. Sell-side analysts forecast that Expedia Group, Inc. will post 17.26 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 27th. Expedia Group’s dividend payout ratio is 11.97%.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 1,004 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $335.00, for a total transaction of $336,340.00. Following the completion of the transaction, the insider directly owned 104,331 shares in the company, valued at $34,950,885. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Craig A. Jacobson sold 3,133 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the transaction, the director owned 29,832 shares of the company’s stock, valued at approximately $9,800,408.64. This represents a 9.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 11,950 shares of company stock valued at $3,881,995. Company insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EXPE shares. UBS Group raised their price objective on Expedia Group from $322.00 to $351.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Wall Street Zen downgraded shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 10th. Barclays increased their target price on shares of Expedia Group from $264.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Benchmark raised their target price on shares of Expedia Group from $290.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, TD Cowen upgraded shares of Expedia Group to a “hold” rating in a research report on Monday, September 14th. Eighteen equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $316.37.

Expedia Group Profile

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group’s consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.