Fairvoy Private Wealth LLC Purchases New Stake in Expedia Group, Inc. $EXPE

Fairvoy Private Wealth LLC purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,977 shares of the online travel company’s stock, valued at approximately $1,047,000.

A number of other large investors also recently modified their holdings of EXPE. Plato Investment Management Ltd purchased a new position in Expedia Group in the second quarter valued at $2,562,000. Tidal Investments LLC raised its stake in Expedia Group by 47.4% in the second quarter. Tidal Investments LLC now owns 32,146 shares of the online travel company’s stock valued at $8,226,000 after buying an additional 10,331 shares in the last quarter. Corient Private Wealth LLC raised its stake in Expedia Group by 17.8% in the fourth quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company’s stock valued at $17,344,000 after buying an additional 9,256 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Expedia Group in the second quarter valued at $166,203,000. Finally, Wellington Management Group LLP lifted its holdings in Expedia Group by 67.7% during the 2nd quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company’s stock worth $199,622,000 after buying an additional 314,984 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Stock Performance

NASDAQ EXPE traded up $2.77 during trading hours on Monday, hitting $291.72. The company had a trading volume of 1,193,093 shares, compared to its average volume of 2,025,723. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. Expedia Group, Inc. has a 1-year low of $185.34 and a 1-year high of $342.00. The company has a market cap of $35.01 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 0.70 and a beta of 1.36. The business has a 50 day moving average of $292.94 and a 200-day moving average of $264.68.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.17 billion. During the same quarter last year, the company posted $4.24 earnings per share. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. As a group, equities research analysts expect that Expedia Group, Inc. will post 17.26 EPS for the current year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, August 27th were given a $0.48 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. Expedia Group’s dividend payout ratio is 11.97%.

Analysts Set New Price Targets

Several research firms have recently issued reports on EXPE. Rosenblatt Securities began coverage on Expedia Group in a research report on Tuesday, September 1st. They set a “neutral” rating and a $360.00 price objective for the company. Weiss Ratings raised Expedia Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Morgan Stanley lowered Expedia Group from an “equal weight” rating to an “underweight” rating and set a $235.00 target price on the stock. in a research report on Wednesday, September 16th. The Goldman Sachs Group set a $370.00 target price on Expedia Group in a research note on Thursday, August 6th. Finally, TD Cowen raised Expedia Group to a “hold” rating in a report on Monday, September 14th. Eighteen research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Expedia Group presently has a consensus rating of “Hold” and an average target price of $315.24.

Insider Buying and Selling

In related news, CAO Lance Soliday sold 2,810 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total transaction of $909,456.50. Following the transaction, the chief accounting officer owned 12,006 shares in the company, valued at $3,885,741.90. This trade represents a 18.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert Dzielak sold 3,003 shares of Expedia Group stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $315.00, for a total value of $945,945.00. Following the transaction, the insider directly owned 103,829 shares in the company, valued at approximately $32,706,135. This trade represents a 2.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,950 shares of company stock worth $3,881,995 in the last quarter. 5.20% of the stock is owned by insiders.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group’s consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.