Wedge Capital Management L L P NC Makes New $35.24 Million Investment in Expedia Group, Inc. $EXPE

Wedge Capital Management L L P NC acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 124,395 shares of the online travel company’s stock, valued at approximately $35,242,000.

A number of other institutional investors have also modified their holdings of EXPE. Orion Porfolio Solutions LLC increased its position in Expedia Group by 0.4% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 9,814 shares of the online travel company’s stock worth $2,098,000 after purchasing an additional 38 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in Expedia Group by 16.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 319 shares of the online travel company’s stock valued at $90,000 after buying an additional 44 shares in the last quarter. JFS Wealth Advisors LLC grew its stake in Expedia Group by 78.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after buying an additional 44 shares during the period. True Wealth Design LLC grew its stake in Expedia Group by 3.4% during the fourth quarter. True Wealth Design LLC now owns 1,382 shares of the online travel company’s stock worth $392,000 after buying an additional 45 shares during the period. Finally, Quadrant Capital Group LLC increased its position in shares of Expedia Group by 0.9% in the third quarter. Quadrant Capital Group LLC now owns 5,658 shares of the online travel company’s stock worth $1,209,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

Shares of EXPE stock opened at $225.81 on Friday. Expedia Group, Inc. has a 12 month low of $130.01 and a 12 month high of $303.80. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market capitalization of $27.67 billion, a P/E ratio of 22.92, a P/E/G ratio of 0.73 and a beta of 1.41. The company’s fifty day moving average price is $235.95 and its two-hundred day moving average price is $244.43.

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

Expedia Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were paid a dividend of $0.48 per share. This is a boost from Expedia Group’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, March 5th. This represents a $1.92 dividend on an annualized basis and a yield of 0.9%. Expedia Group’s payout ratio is 19.49%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on EXPE shares. BMO Capital Markets lifted their target price on shares of Expedia Group from $250.00 to $255.00 and gave the company a “market perform” rating in a report on Friday, February 13th. The Goldman Sachs Group increased their price target on Expedia Group from $325.00 to $355.00 and gave the company a “buy” rating in a report on Friday, February 13th. Wells Fargo & Company reduced their price objective on Expedia Group from $329.00 to $315.00 and set an “equal weight” rating on the stock in a research note on Friday, February 13th. Mizuho decreased their target price on Expedia Group from $270.00 to $245.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Finally, Susquehanna reiterated a “neutral” rating and issued a $240.00 target price on shares of Expedia Group in a research note on Tuesday, February 17th. Thirteen investment analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $282.29.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of Expedia Group stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the sale, the insider directly owned 102,480 shares in the company, valued at $22,629,633.60. The trade was a 7.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.13% of the stock is owned by corporate insiders.

Expedia Group 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.