Expedia Group, Inc. $EXPE Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 15.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 280,879 shares of the online travel company’s stock after buying an additional 38,530 shares during the quarter. Russell Investments Group Ltd. owned 0.23% of Expedia Group worth $74,297,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. raised its holdings in shares of Expedia Group by 30.4% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 24,463 shares of the online travel company’s stock worth $6,450,000 after buying an additional 5,709 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in Expedia Group in the 3rd quarter valued at $53,000. Three Bridge Wealth Advisors LLC bought a new stake in Expedia Group in the third quarter valued at $46,000. Maryland State Retirement & Pension System grew its position in Expedia Group by 13.2% in the third quarter. Maryland State Retirement & Pension System now owns 6,840 shares of the online travel company’s stock valued at $1,801,000 after acquiring an additional 799 shares during the period. Finally, Advisor Resource Council grew its position in Expedia Group by 1.9% in the third quarter. Advisor Resource Council now owns 2,278 shares of the online travel company’s stock valued at $593,000 after acquiring an additional 43 shares during the period. 90.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EXPE. Royal Bank Of Canada lifted their price objective on Expedia Group from $290.00 to $330.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. B. Riley Financial increased their target price on shares of Expedia Group from $350.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Susquehanna cut their price target on shares of Expedia Group from $315.00 to $310.00 and set a “neutral” rating for the company in a report on Friday, November 6th. Piper Sandler reaffirmed a “neutral” rating and set a $335.00 price objective (up from $325.00) on shares of Expedia Group in a research note on Thursday, November 5th. Finally, UBS Group cut their target price on shares of Expedia Group from $351.00 to $328.00 and set a “neutral” rating for the company in a research note on Tuesday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Expedia Group presently has a consensus rating of “Hold” and an average price target of $316.00.

Expedia Group Price Performance

Shares of NASDAQ EXPE traded down $3.08 during trading on Friday, reaching $257.97. The company had a trading volume of 1,122,308 shares, compared to its average volume of 2,153,199. Expedia Group, Inc. has a 52 week low of $185.34 and a 52 week high of $342.00. The stock has a market cap of $30.59 billion, a PE ratio of 15.06, a PEG ratio of 0.60 and a beta of 1.39. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.77 and a current ratio of 0.77. The business’s 50 day moving average price is $276.40 and its 200-day moving average price is $259.14.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Wednesday, November 4th. The online travel company reported $9.39 EPS for the quarter, beating the consensus estimate of $8.85 by $0.54. The business had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Expedia Group had a net margin of 12.98% and a return on equity of 91.03%. Expedia Group’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.57 earnings per share. Analysts expect that Expedia Group, Inc. will post 17.93 earnings per share for the current year.

Expedia Group Dividend Announcement

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 the firm’s 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Dzielak sold 2,000 shares of Expedia Group 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 completion of the sale, the insider owned 105,335 shares of the company’s stock, valued at approximately $34,813,217.50. The trade was a 1.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.

About Expedia Group

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.