Seizert Capital Partners LLC Acquires 27,059 Shares of Expedia Group, Inc. $EXPE

Seizert Capital Partners LLC increased its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 10.8% during the third quarter, Holdings Channel reports. The firm owned 277,574 shares of the online travel company’s stock after purchasing an additional 27,059 shares during the period. Expedia Group makes up 2.6% of Seizert Capital Partners LLC’s portfolio, making the stock its 10th largest holding. Seizert Capital Partners LLC’s holdings in Expedia Group were worth $59,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in EXPE. Norges Bank bought a new stake in shares of Expedia Group during the 2nd quarter worth $663,882,000. AQR Capital Management LLC grew its holdings in shares of Expedia Group by 102.0% during the second quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock valued at $492,152,000 after buying an additional 1,473,386 shares in the last quarter. LSV Asset Management lifted its stake in Expedia Group by 497.0% in the 2nd quarter. LSV Asset Management now owns 871,837 shares of the online travel company’s stock worth $147,061,000 after acquiring an additional 725,797 shares in the last quarter. Meridiem Capital Partners LP acquired a new stake in Expedia Group during the 2nd quarter worth about $26,131,000. Finally, Natixis grew its stake in Expedia Group by 1,175.3% during the 2nd quarter. Natixis now owns 166,372 shares of the online travel company’s stock valued at $28,064,000 after acquiring an additional 153,326 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Down 3.2%

EXPE stock opened at $276.06 on Tuesday. Expedia Group, Inc. has a 52-week low of $130.01 and a 52-week high of $303.80. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $33.83 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43. The company has a 50-day moving average of $274.61 and a two-hundred day moving average of $231.50.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, topping the consensus estimate of $7.10 by $0.47. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same period in the previous year, the business posted $6.13 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, November 19th. This represents a $1.60 annualized dividend and a dividend yield of 0.6%. Expedia Group’s payout ratio is presently 15.31%.

Insider Activity at Expedia Group

In other Expedia Group news, Director Craig A. Jacobson sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $271.55, for a total value of $814,650.00. Following the completion of the sale, the director owned 30,858 shares in the company, valued at approximately $8,379,489.90. This trade represents a 8.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 849 shares of Expedia Group stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $248.08, for a total value of $210,619.92. Following the sale, the chief accounting officer directly owned 11,662 shares in the company, valued at $2,893,108.96. The trade was a 6.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 4,849 shares of company stock worth $1,283,270. Company insiders own 9.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Argus increased their price target on shares of Expedia Group from $340.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group lifted their target price on shares of Expedia Group from $270.00 to $285.00 and gave the company a “hold” rating in a research note on Thursday, December 11th. HSBC upped their price target on shares of Expedia Group from $272.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. BNP Paribas began coverage on Expedia Group in a report on Monday, November 24th. They issued a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Expedia Group from $185.00 to $235.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-four have issued a Hold rating to the company. According to MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and an average price target of $288.32.

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.