Monument Capital Management Makes New $2.78 Million Investment in Expedia Group, Inc. $EXPE

Monument Capital Management acquired a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 9,817 shares of the online travel company’s stock, valued at approximately $2,781,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. CI Investments Inc. raised its holdings in Expedia Group by 1,735.0% during the 3rd quarter. CI Investments Inc. now owns 42,223 shares of the online travel company’s stock valued at $9,025,000 after buying an additional 39,922 shares during the last quarter. Rakuten Investment Management Inc. bought a new stake in Expedia Group in the 3rd quarter worth $1,063,000. Convergence Investment Partners LLC purchased a new position in shares of Expedia Group in the third quarter valued at about $1,001,000. Railway Pension Investments Ltd increased its position in shares of Expedia Group by 19.6% in the third quarter. Railway Pension Investments Ltd now owns 115,200 shares of the online travel company’s stock valued at $24,624,000 after acquiring an additional 18,900 shares during the period. Finally, Savant Capital LLC raised its stake in shares of Expedia Group by 13.9% during the third quarter. Savant Capital LLC now owns 39,700 shares of the online travel company’s stock valued at $8,486,000 after acquiring an additional 4,853 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Insider Buying and Selling at Expedia Group

In related 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EXPE shares. B. Riley Financial increased their target price on shares of Expedia Group from $300.00 to $360.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Susquehanna reaffirmed a “neutral” rating and set a $240.00 price target on shares of Expedia Group in a research report on Tuesday, February 17th. Cantor Fitzgerald set a $245.00 price objective on Expedia Group in a report on Friday, February 13th. Zacks Research lowered Expedia Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Jefferies Financial Group raised Expedia Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $240.00 to $300.00 in a research note on Monday, March 30th. Fourteen 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, the company presently has a consensus rating of “Hold” and a consensus target price of $282.42.

Expedia Group Price Performance

EXPE stock opened at $248.57 on Wednesday. Expedia Group, Inc. has a 1 year low of $144.20 and a 1 year high of $303.80. The company has a market cap of $30.46 billion, a P/E ratio of 25.24, a PEG ratio of 0.73 and a beta of 1.33. The firm has a 50-day moving average of $226.80 and a 200 day moving average of $245.57. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data 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. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.The business’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.39 EPS. On average, sell-side analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, March 5th. This is a boost from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s dividend payout ratio (DPR) is 19.49%.

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.