OP Asset Management Ltd Buys Shares of 11,730 Expedia Group, Inc. $EXPE

OP Asset Management Ltd purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,730 shares of the online travel company’s stock, valued at approximately $2,708,000.

A number of other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC purchased a new stake in Expedia Group during the 4th quarter worth about $408,000. NewEdge Advisors LLC lifted its holdings in Expedia Group by 5.0% in the 1st quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock valued at $917,000 after purchasing an additional 259 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Expedia Group in the 2nd quarter valued at about $596,000. Daiwa Securities Group Inc. boosted its stake in shares of Expedia Group by 6.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 21,265 shares of the online travel company’s stock worth $3,587,000 after purchasing an additional 1,290 shares during the last quarter. Finally, AXA S.A. grew its stake in Expedia Group by 5.9% in the 2nd quarter. AXA S.A. now owns 11,042 shares of the online travel company’s stock worth $1,863,000 after acquiring an additional 615 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Robert J. Dzielak sold 4,702 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $233.00, for a total value of $1,095,566.00. Following the completion of the sale, the insider directly owned 105,448 shares in the company, valued at approximately $24,569,384. The trade was a 4.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Lance A. Soliday sold 940 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the sale, the chief accounting officer directly owned 14,083 shares in the company, valued at $3,124,454.38. This trade represents a 6.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EXPE. Susquehanna increased their target price on shares of Expedia Group from $240.00 to $250.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Weiss Ratings lowered Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Barclays raised their price target on shares of Expedia Group from $260.00 to $264.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. B. Riley Financial decreased their price objective on shares of Expedia Group from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $240.00 target price on shares of Expedia Group in a research note on Monday, April 27th. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the stock. According to MarketBeat, Expedia Group has an average rating of “Hold” and a consensus target price of $284.42.

Expedia Group Trading Up 4.9%

EXPE opened at $263.29 on Friday. Expedia Group, Inc. has a 12-month low of $166.22 and a 12-month high of $303.80. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $32.26 billion, a PE ratio of 23.18, a P/E/G ratio of 0.69 and a beta of 1.25. The firm’s fifty day moving average price is $236.29 and its 200 day moving average price is $246.33.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.55. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The company’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 EPS. As a group, research analysts expect that Expedia Group, Inc. will post 16.98 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th were paid a dividend of $0.48 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.92 annualized dividend and a yield of 0.7%. Expedia Group’s dividend payout ratio is presently 16.90%.

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.