Expedia Group, Inc. $EXPE Stock Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 10.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 36,320 shares of the online travel company’s stock after buying an additional 3,462 shares during the period. Ritholtz Wealth Management’s holdings in Expedia Group were worth $9,565,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in shares of Expedia Group in the second quarter valued at approximately $166,203,000. First Trust Advisors LP raised its holdings in shares of Expedia Group by 104.1% during the first quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock worth $275,112,000 after acquiring an additional 607,698 shares during the period. Wellington Management Group LLP raised its holdings in shares of Expedia Group by 67.7% during the second quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company’s stock worth $199,622,000 after acquiring an additional 314,984 shares during the period. SEB Asset Management AB bought a new stake in Expedia Group in the 1st quarter valued at $53,254,000. Finally, KBC Group NV lifted its position in Expedia Group by 201.3% in the 1st quarter. KBC Group NV now owns 276,150 shares of the online travel company’s stock valued at $63,761,000 after acquiring an additional 184,507 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Lance Soliday sold 2,810 shares of the stock in a transaction dated 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 transaction, the chief accounting officer directly owned 12,006 shares in the company, valued at $3,885,741.90. This represents a 18.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert Dzielak sold 1,004 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $335.00, for a total transaction of $336,340.00. Following the transaction, the insider owned 104,331 shares of the company’s stock, valued at approximately $34,950,885. This represents a 0.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,814 shares of company stock worth $1,906,796 over the last three months. Insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EXPE shares. Robert W. Baird set a $335.00 target price on shares of Expedia Group in a research note on Thursday, August 6th. Morgan Stanley downgraded Expedia Group from an “equal weight” rating to an “underweight” rating and set a $235.00 price target on the stock. in a research note on Wednesday, September 16th. Wedbush cut their price target on Expedia Group from $417.00 to $384.00 and set an “outperform” rating on the stock in a report on Thursday, November 5th. BTIG Research reaffirmed a “buy” rating and set a $400.00 price objective on shares of Expedia Group in a research report on Thursday, November 5th. Finally, Bank of America reaffirmed a “buy” rating on shares of Expedia Group in a research report on Thursday, August 6th. Fifteen analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $316.00.

Expedia Group Stock Performance

Shares of EXPE stock opened at $259.79 on Thursday. The company’s fifty day simple moving average is $278.24 and its 200-day simple moving average is $259.23. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.62. The firm has a market cap of $31.18 billion, a PE ratio of 15.17, a P/E/G ratio of 0.60 and a beta of 1.39. Expedia Group, Inc. has a 12 month low of $185.34 and a 12 month high of $342.00.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Wednesday, November 4th. The online travel company reported $9.39 EPS for the quarter, topping the consensus estimate of $8.85 by $0.54. The business had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Expedia Group had a net margin of 12.98% and a return on equity of 91.03%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.57 earnings per share. Equities research analysts expect that Expedia Group, Inc. will post 17.37 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $1.92 annualized dividend and a yield of 0.7%. Expedia Group’s payout ratio is 11.21%.

Expedia Group Company Profile

Expedia Group, Inc. is an online travel company that connects travelers with lodging, flights, rental cars, cruises, vacation packages and activities. Its consumer-facing brands include Expedia, Hotels.com and Vrbo, which specializes in vacation rentals. The company also provides travel technology and booking services to business partners. Founded in 1996 as a division of Microsoft, Expedia became an independent public company in 1999. It serves travelers and lodging partners in markets around the world through its websites and mobile apps.