Hillsdale Investment Management Inc. Makes New $983,000 Investment in Expedia Group, Inc. $EXPE

Hillsdale Investment Management Inc. bought a new position in Expedia Group, Inc. (NASDAQ:EXPE) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,470 shares of the online travel company’s stock, valued at approximately $983,000.

Several other hedge funds also recently made changes to their positions in the stock. Windacre Partnership LLC grew its position in shares of Expedia Group by 9.2% in the third quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock valued at $787,049,000 after purchasing an additional 309,900 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Expedia Group by 25.0% in the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock valued at $779,275,000 after purchasing an additional 728,063 shares in the last quarter. Invesco Ltd. grew its position in shares of Expedia Group by 8.0% in the third quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock valued at $667,507,000 after purchasing an additional 230,176 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Expedia Group by 24,899.5% in the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after purchasing an additional 1,801,232 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Expedia Group by 3.1% in the third quarter. Legal & General Group Plc now owns 952,038 shares of the online travel company’s stock valued at $203,498,000 after purchasing an additional 28,412 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Expedia Group

In other news, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total value of $208,548.40. Following the completion of the sale, the chief accounting officer owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert J. Dzielak sold 8,225 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total value of $1,816,244.50. Following the completion of the sale, the insider directly owned 102,480 shares of the company’s stock, valued at approximately $22,629,633.60. This trade represents a 7.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 5.20% of the company’s stock.

Expedia Group Trading Up 1.1%

Shares of EXPE stock opened at $228.37 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. The business has a 50-day moving average price of $235.08 and a two-hundred day moving average price of $248.79. Expedia Group, Inc. has a 12-month low of $160.00 and a 12-month high of $303.80. The firm has a market cap of $27.98 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 0.69 and a beta of 1.25.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue was up 14.7% compared to the same quarter last year. Equities analysts anticipate that Expedia Group, Inc. will post 17.07 EPS for the current fiscal year.

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th will be 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 of this dividend is Thursday, May 28th. Expedia Group’s payout ratio is 16.90%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EXPE shares. Dbs Bank upgraded Expedia Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, May 11th. BTIG Research reiterated a “buy” rating and issued a $330.00 price target on shares of Expedia Group in a research report on Monday, May 18th. Barclays lifted their price target on Expedia Group from $260.00 to $264.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Susquehanna lifted their price objective on Expedia Group from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Finally, Piper Sandler lifted their price objective on Expedia Group from $225.00 to $245.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $284.42.

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.