Equity Investment Corp Takes Position in Expedia Group, Inc. $EXPE

Equity Investment Corp bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,255 shares of the online travel company’s stock, valued at approximately $639,000.

A number of other hedge funds have also made changes to their positions in the stock. Windacre Partnership LLC grew its position in shares of Expedia Group by 9.2% during the third quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock worth $787,049,000 after buying an additional 309,900 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Expedia Group by 25.0% during the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after buying an additional 728,063 shares in the last quarter. Invesco Ltd. grew its position in shares of Expedia Group by 8.0% during the third quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock worth $667,507,000 after buying an additional 230,176 shares in the last quarter. Norges Bank acquired a new stake in shares of Expedia Group during the fourth quarter worth approximately $861,979,000. Finally, Wellington Management Group LLP grew its position in shares of Expedia Group by 24,899.5% during the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock worth $386,560,000 after buying an additional 1,801,232 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total value of $208,548.40. Following the sale, the chief accounting officer directly owned 14,083 shares in the company, valued at approximately $3,124,454.38. This trade represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were 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 owned 105,448 shares in the company, valued at $24,569,384. The trade was a 4.27% 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.

Expedia Group Stock Performance

Expedia Group stock opened at $224.66 on Friday. The company has a market cap of $27.53 billion, a PE ratio of 19.78, a P/E/G ratio of 0.57 and a beta of 1.25. The company has a fifty day moving average price of $234.02 and a two-hundred day moving average price of $247.35. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a 12 month low of $160.00 and a 12 month high of $303.80.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. The firm 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 firm’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 earnings per share. Research analysts expect that Expedia Group, Inc. will post 17.07 earnings per share for the current year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders 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 yield of 0.9%. The ex-dividend date is Thursday, May 28th. Expedia Group’s dividend payout ratio (DPR) is presently 16.90%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EXPE. Susquehanna raised their price target 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 downgraded shares of Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Dbs Bank raised shares of Expedia Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, May 11th. Bank of America raised their price target on shares of Expedia Group from $303.00 to $306.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Finally, DA Davidson decreased their price target on shares of Expedia Group from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.