Expedia Group, Inc. $EXPE Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 435.7% in the 1st quarter, HoldingsChannel reports. The fund owned 35,396 shares of the online travel company’s stock after acquiring an additional 28,788 shares during the quarter. Fifth Third Bancorp’s holdings in Expedia Group were worth $8,172,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Motiv8 Investments LLC acquired a new stake in shares of Expedia Group in the fourth quarter valued at about $25,000. Entrust Financial LLC purchased a new position in Expedia Group in the fourth quarter valued at about $26,000. JFS Wealth Advisors LLC increased its holdings in Expedia Group by 78.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after buying an additional 44 shares in the last quarter. Lodestone Wealth Management LLC acquired a new stake in shares of Expedia Group during the 4th quarter valued at approximately $29,000. Finally, DV Equities LLC acquired a new stake in shares of Expedia Group during the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Trading Up 0.3%

Expedia Group stock opened at $267.11 on Thursday. The stock has a 50-day moving average price of $239.13 and a 200 day moving average price of $244.73. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. The stock has a market cap of $32.73 billion, a PE ratio of 23.51, a P/E/G ratio of 0.70 and a beta of 1.23. Expedia Group, Inc. has a 52 week low of $174.05 and a 52 week high of $303.80.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating 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 period in the prior year, the firm posted $0.40 earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. Equities research analysts predict that Expedia Group, Inc. will post 16.98 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, May 28th. Expedia Group’s dividend payout ratio (DPR) is currently 16.90%.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 4,702 shares of Expedia Group stock in a transaction on Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the transaction, the insider owned 105,448 shares in the company, valued at approximately $24,569,384. The trade was a 4.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Lance A. Soliday sold 940 shares of the company’s 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 of the company’s stock, valued at approximately $3,124,454.38. This trade represents a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EXPE shares. Argus upped their price target on Expedia Group from $270.00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Robert W. Baird set a $290.00 price objective on Expedia Group in a report on Friday, May 8th. Wells Fargo & Company decreased their target price on Expedia Group from $307.00 to $303.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 30th. DA Davidson lowered their target price on Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Expedia Group from $244.00 to $230.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $286.58.

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.