MBL Wealth LLC Makes New $796,000 Investment in Expedia Group, Inc. $EXPE

MBL Wealth LLC purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,024 shares of the online travel company’s stock, valued at approximately $796,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Compass Wealth Management LLC purchased a new position in Expedia Group during the 3rd quarter valued at about $144,000. Root Financial Partners LLC purchased a new stake in shares of Expedia Group in the third quarter valued at about $237,000. SBI Securities Co. Ltd. lifted its holdings in shares of Expedia Group by 12.7% in the third quarter. SBI Securities Co. Ltd. now owns 549 shares of the online travel company’s stock valued at $145,000 after purchasing an additional 62 shares in the last quarter. Lmcg Investments LLC lifted its holdings in shares of Expedia Group by 1.3% in the third quarter. Lmcg Investments LLC now owns 9,258 shares of the online travel company’s stock valued at $2,438,000 after purchasing an additional 115 shares in the last quarter. Finally, Vest Financial LLC grew its position in shares of Expedia Group by 37.3% in the third quarter. Vest Financial LLC now owns 321,005 shares of the online travel company’s stock valued at $84,540,000 after purchasing an additional 87,147 shares during the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Craig Jacobson sold 3,133 shares of the firm’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 value of $1,029,253.16. Following the sale, the director directly owned 29,832 shares of the company’s stock, valued at approximately $9,800,408.64. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Lance Soliday sold 2,810 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total transaction of $909,456.50. Following the completion of the sale, the chief accounting officer owned 12,006 shares of the company’s stock, valued at approximately $3,885,741.90. The trade was a 18.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 11,950 shares of company stock valued at $3,881,995. Insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on EXPE shares. Susquehanna raised their price objective on shares of Expedia Group from $250.00 to $315.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. The Goldman Sachs Group set a $370.00 price objective on Expedia Group in a research report on Thursday, August 6th. Argus upped their target price on Expedia Group from $270.00 to $315.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Rosenblatt Securities began coverage on Expedia Group in a report on Tuesday, September 1st. They set a “neutral” rating and a $360.00 target price on the stock. Finally, B. Riley Financial raised their price target on Expedia Group from $350.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Eighteen equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $316.37.

Expedia Group Stock Performance

NASDAQ EXPE opened at $289.01 on Friday. The business’s 50-day moving average price is $289.82 and its 200 day moving average price is $266.72. Expedia Group, Inc. has a twelve month low of $185.34 and a twelve month high of $342.00. The company has a market capitalization of $34.69 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 0.72 and a beta of 1.36. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.22 by $0.54. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.17 billion. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the company earned $4.24 EPS. On average, research analysts predict that Expedia Group, Inc. will post 17.35 earnings per share for the current year.

Expedia Group Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, August 27th. Expedia Group’s dividend payout ratio is presently 11.97%.

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.