7,231 Expedia Group, Inc. $EXPE Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its position in Expedia Group, Inc. (NASDAQ:EXPE) by 10.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,298 shares of the online travel company’s stock after buying an additional 7,231 shares during the period. Pictet Asset Management Holding SA owned 0.06% of Expedia Group worth $19,567,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Twin Peaks Capital Ltd acquired a new position in shares of Expedia Group in the 3rd quarter worth approximately $1,975,000. Ashton Thomas Private Wealth LLC raised its position in Expedia Group by 3.2% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 14,400 shares of the online travel company’s stock valued at $3,792,000 after purchasing an additional 446 shares during the last quarter. Allegiance Financial Group Advisory Services LLC raised its position in Expedia Group by 30.2% in the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 2,145 shares of the online travel company’s stock valued at $565,000 after purchasing an additional 498 shares during the last quarter. Alta Advisers Ltd bought a new position in Expedia Group in the 3rd quarter valued at $223,000. Finally, Kestra Advisory Services LLC boosted its stake in Expedia Group by 81.5% in the third quarter. Kestra Advisory Services LLC now owns 6,619 shares of the online travel company’s stock worth $1,743,000 after purchasing an additional 2,973 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Expedia Group Stock Performance

EXPE stock opened at $259.79 on Thursday. The company has a 50 day moving average price of $278.24 and a 200 day moving average price of $259.23. Expedia Group, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $342.00. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $31.18 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 0.60 and a beta of 1.39.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Wednesday, November 4th. The online travel company reported $9.39 EPS for the quarter, beating analysts’ consensus estimates of $8.85 by $0.54. The firm had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.73 billion. Expedia Group had a return on equity of 91.03% and a net margin of 12.98%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company earned $7.57 EPS. Analysts forecast that Expedia Group, Inc. will post 17.37 EPS for the current year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.48 per share. The ex-dividend date is Wednesday, November 18th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. Expedia Group’s payout ratio is presently 11.21%.

Insider Buying and Selling at Expedia Group

In related news, CAO Lance A. Soliday sold 2,810 shares of Expedia Group stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total value of $909,456.50. Following the completion of the sale, the chief accounting officer directly owned 12,006 shares in the company, valued at $3,885,741.90. This trade represents a 18.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 2,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $330.50, for a total value of $661,000.00. Following the sale, the insider directly owned 105,335 shares of the company’s stock, valued at $34,813,217.50. This represents a 1.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 5,814 shares of company stock worth $1,906,796 in the last ninety days. 5.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on EXPE shares. Stifel Nicolaus set a $204.00 target price on Expedia Group in a report on Tuesday, November 3rd. Argus lowered their target price on Expedia Group from $360.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday. Wedbush cut their price target on Expedia Group from $417.00 to $384.00 and set an “outperform” rating for the company in a report on Thursday, November 5th. Wall Street Zen downgraded shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. Finally, Benchmark increased their price objective on shares of Expedia Group from $290.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Fifteen investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $316.00.

Expedia Group Profile

Expedia Group, Inc. is an online travel company that connects travelers with lodging, flights, rental cars, cruises, vacation packages and activities. Its consumer-facing brands include Expedia, Hotels.com and Vrbo, which specializes in vacation rentals. The company also provides travel technology and booking services to business partners. Founded in 1996 as a division of Microsoft, Expedia became an independent public company in 1999. It serves travelers and lodging partners in markets around the world through its websites and mobile apps.