Element Squared LLC Takes Position in Expedia Group, Inc. $EXPE

Element Squared LLC purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,847 shares of the online travel company’s stock, valued at approximately $2,273,000. Expedia Group accounts for approximately 1.3% of Element Squared LLC’s investment portfolio, making the stock its 13th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXPE. Orion Porfolio Solutions LLC raised its stake in Expedia Group by 0.4% in the third quarter. Orion Porfolio Solutions LLC now owns 9,814 shares of the online travel company’s stock worth $2,098,000 after buying an additional 38 shares in the last quarter. RHS Financial LLC increased its holdings in shares of Expedia Group by 4.0% in the 4th quarter. RHS Financial LLC now owns 1,030 shares of the online travel company’s stock valued at $292,000 after acquiring an additional 40 shares during the period. Petredis Investment Advisors LLC increased its holdings in shares of Expedia Group by 3.2% in the 1st quarter. Petredis Investment Advisors LLC now owns 1,305 shares of the online travel company’s stock valued at $301,000 after acquiring an additional 40 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Expedia Group by 8.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 567 shares of the online travel company’s stock worth $161,000 after acquiring an additional 43 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its position in shares of Expedia Group by 16.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 319 shares of the online travel company’s stock worth $90,000 after acquiring an additional 44 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 4,702 shares of the company’s stock in a transaction that occurred 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. This represents a 4.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction 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. This represents a 6.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.20% of the stock is currently owned by insiders.

Expedia Group Trading Down 3.6%

Expedia Group stock opened at $255.81 on Wednesday. The stock has a 50-day moving average of $236.30 and a two-hundred day moving average of $246.11. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group, Inc. has a one year low of $167.35 and a one year high of $303.80. The stock has a market cap of $31.35 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 0.70 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 for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The business had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. On average, research analysts anticipate that Expedia Group, Inc. will post 16.98 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were paid a $0.48 dividend. The ex-dividend date was Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. Expedia Group’s dividend payout ratio (DPR) is 16.90%.

Analysts Set New Price Targets

EXPE has been the topic of a number of recent research reports. Zacks Research downgraded Expedia Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $240.00 target price on shares of Expedia Group in a report on Monday, April 27th. Weiss Ratings lowered shares of Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. BTIG Research restated a “buy” rating and issued a $330.00 price target on shares of Expedia Group in a report on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Expedia Group from $244.00 to $230.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the stock. According to data from MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and an average target price of $284.30.

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.