Maxi Investments CY Ltd Acquires Shares of 5,660 Expedia Group, Inc. $EXPE

Maxi Investments CY Ltd bought a new position in Expedia Group, Inc. (NASDAQ:EXPE) in the 3rd quarter, Holdings Channel.com reports. The firm bought 5,660 shares of the online travel company’s stock, valued at approximately $1,210,000.

A number of other large investors have also modified their holdings of the stock. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Expedia Group during the 3rd quarter valued at about $30,000. Rossby Financial LCC boosted its holdings in Expedia Group by 103.8% in the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after acquiring an additional 82 shares during the period. SOA Wealth Advisors LLC. acquired a new stake in Expedia Group in the third quarter valued at approximately $36,000. Armstrong Advisory Group Inc. raised its stake in shares of Expedia Group by 212.7% during the third quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock valued at $37,000 after purchasing an additional 117 shares during the period. Finally, Westside Investment Management Inc. raised its stake in shares of Expedia Group by 43.2% during the third quarter. Westside Investment Management Inc. now owns 189 shares of the online travel company’s stock valued at $41,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Stock Up 1.4%

Shares of NASDAQ:EXPE opened at $231.46 on Tuesday. The firm has a market cap of $28.36 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 0.71 and a beta of 1.41. The company has a fifty day simple moving average of $246.57 and a 200 day simple moving average of $243.50. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.75. Expedia Group, Inc. has a 12-month low of $130.01 and a 12-month high of $303.80.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 12th. The online travel company reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.46. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.41 billion. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.39 EPS. On average, equities research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.40. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. Expedia Group’s dividend payout ratio is 19.49%.

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 8,225 shares of Expedia Group stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total value 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 this link. Insiders own 9.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EXPE. Barclays upped their target price on shares of Expedia Group from $245.00 to $260.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Mizuho cut their price objective on shares of Expedia Group from $270.00 to $245.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Argus decreased their price objective on shares of Expedia Group from $345.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Morgan Stanley raised their target price on Expedia Group from $180.00 to $270.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $225.00 target price (down from $250.00) on shares of Expedia Group in a research report on Friday, February 13th. Thirteen equities research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. Based on data from MarketBeat.com, Expedia Group presently has an average rating of “Hold” and a consensus price target of $281.65.

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.