OMERS ADMINISTRATION Corp Increases Stock Holdings in Expedia Group, Inc. $EXPE

OMERS ADMINISTRATION Corp increased its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 45.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 8,060 shares of the online travel company’s stock after acquiring an additional 2,519 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Expedia Group were worth $1,861,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Corient Private Wealth LLC lifted its holdings in Expedia Group by 17.8% in the 4th quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company’s stock worth $17,344,000 after buying an additional 9,256 shares in the last quarter. Monument Capital Management acquired a new stake in shares of Expedia Group during the fourth quarter valued at about $2,781,000. Lmcg Investments LLC grew its stake in shares of Expedia Group by 276.0% during the fourth quarter. Lmcg Investments LLC now owns 9,655 shares of the online travel company’s stock valued at $2,735,000 after acquiring an additional 7,087 shares in the last quarter. North Dakota State Investment Board purchased a new stake in shares of Expedia Group during the fourth quarter worth about $3,027,000. Finally, Norges Bank purchased a new stake in shares of Expedia Group during the fourth quarter worth about $861,979,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Up 2.9%

Shares of Expedia Group stock opened at $304.27 on Thursday. 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 firm has a market cap of $37.29 billion, a P/E ratio of 26.78, a P/E/G ratio of 0.77 and a beta of 1.23. Expedia Group, Inc. has a fifty-two week low of $174.05 and a fifty-two week high of $312.40. The business has a 50-day moving average price of $249.15 and a 200 day moving average price of $243.55.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.55. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.Expedia Group’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 earnings per share. On average, sell-side analysts forecast that Expedia Group, Inc. will post 17.04 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. Shareholders of record on Thursday, May 28th were paid a dividend of $0.48 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.92 annualized dividend and a yield of 0.6%. Expedia Group’s payout ratio is presently 16.90%.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 940 shares of Expedia Group stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the completion of the transaction, the chief accounting officer directly 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 filing with the SEC, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 4,702 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. This represents a 4.27% decrease in their position. The SEC filing for this sale provides additional information. 5.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EXPE has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $330.00 price target on shares of Expedia Group in a report on Monday, July 20th. Robert W. Baird lifted their price objective on Expedia Group from $290.00 to $294.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Piper Sandler upped their target price on Expedia Group from $225.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Jefferies Financial Group increased their target price on Expedia Group from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, Wells Fargo & Company decreased their price target on shares of Expedia Group from $307.00 to $303.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 30th. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $288.64.

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.