7,942 Shares of Expedia Group, Inc. $EXPE Purchased by Axecap Investments LLC

Axecap Investments LLC bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,942 shares of the online travel company’s stock, valued at approximately $2,092,000.

Other large investors have also recently bought and sold shares of the company. Plato Investment Management Ltd acquired a new position in Expedia Group in the 2nd quarter worth approximately $2,562,000. Tidal Investments LLC raised its position in Expedia Group by 47.4% during the 2nd quarter. Tidal Investments LLC now owns 32,146 shares of the online travel company’s stock worth $8,226,000 after buying an additional 10,331 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Expedia Group by 17.8% during the 4th quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company’s stock valued at $17,344,000 after acquiring an additional 9,256 shares during the period. Bank of New York Mellon Corp acquired a new stake in Expedia Group during the 2nd quarter valued at approximately $166,203,000. Finally, Lombard Odier Asset Management Switzerland SA acquired a new stake in Expedia Group during the 1st quarter valued at approximately $910,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insider Activity at Expedia Group

In other Expedia Group news, Director Craig A. Jacobson sold 3,133 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $328.52, for a total value of $1,029,253.16. Following the completion of the transaction, the director owned 29,832 shares in the company, valued at approximately $9,800,408.64. This represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lance A. Soliday sold 2,810 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total transaction of $909,456.50. Following the completion of the transaction, the chief accounting officer owned 12,006 shares of the company’s stock, valued at approximately $3,885,741.90. This trade represents a 18.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 11,950 shares of company stock worth $3,881,995. 5.20% of the stock is owned by company insiders.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $300.76 on Wednesday. The stock has a market capitalization of $36.10 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 0.71 and a beta of 1.36. Expedia Group, Inc. has a 12 month low of $185.34 and a 12 month high of $342.00. The firm’s 50 day simple moving average is $292.09 and its 200-day simple moving average is $265.62. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating the consensus estimate of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.17 billion. During the same period in the previous year, the firm earned $4.24 EPS. The business’s quarterly revenue was up 14.0% on a year-over-year basis. Analysts expect that Expedia Group, Inc. will post 17.26 EPS for the current year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, August 27th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, August 27th. Expedia Group’s dividend payout ratio (DPR) is currently 11.97%.

Wall Street Analyst Weigh In

Several analysts have recently commented on EXPE shares. UBS Group upped their price objective on shares of Expedia Group from $322.00 to $351.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Royal Bank Of Canada raised their target price on shares of Expedia Group from $290.00 to $330.00 and gave the stock a “sector perform” rating in a report on Thursday, August 6th. Wedbush boosted their target price on shares of Expedia Group from $334.00 to $417.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. Evercore set a $430.00 price target on shares of Expedia Group in a report on Monday, August 24th. Finally, Benchmark upped their price target on shares of Expedia Group from $290.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, August 6th. 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. Based on data from MarketBeat.com, Expedia Group presently has an average rating of “Hold” and a consensus price target of $316.37.

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.