Range Financial Group LLC Purchases Shares of 12,478 Expedia Group, Inc. $EXPE

Range Financial Group LLC acquired a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,478 shares of the online travel company’s stock, valued at approximately $3,535,000. Expedia Group makes up approximately 1.2% of Range Financial Group LLC’s portfolio, making the stock its 21st biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPE. JFS Wealth Advisors LLC boosted its stake in shares of Expedia Group by 78.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after purchasing an additional 44 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Expedia Group during the 3rd quarter worth about $30,000. Rossby Financial LCC lifted its holdings in Expedia Group by 103.8% during the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock valued at $35,000 after purchasing an additional 82 shares during the last quarter. SOA Wealth Advisors LLC. bought a new position in Expedia Group during the 3rd quarter valued at about $36,000. Finally, Armstrong Advisory Group Inc. boosted its position in Expedia Group by 212.7% in the third quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock valued at $37,000 after buying an additional 117 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on EXPE shares. BTIG Research reaffirmed a “buy” rating and set a $330.00 price objective on shares of Expedia Group in a research note on Monday, March 16th. Jefferies Financial Group upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $240.00 to $300.00 in a research note on Monday. The Goldman Sachs Group boosted their target price on Expedia Group from $325.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Bank of America raised their price target on Expedia Group from $303.00 to $306.00 and gave the company a “buy” rating in a report on Friday, February 13th. Finally, Evercore reiterated an “outperform” rating on shares of Expedia Group in a research report on Monday, February 9th. Fourteen investment analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the stock. Based on data from MarketBeat, Expedia Group currently has a consensus rating of “Hold” and an average price target of $282.77.

Expedia Group Price Performance

EXPE opened at $226.51 on Tuesday. Expedia Group, Inc. has a one year low of $130.01 and a one year high of $303.80. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73. The company’s 50 day simple moving average is $234.77 and its 200-day simple moving average is $244.86. The stock has a market capitalization of $27.76 billion, a P/E ratio of 23.00, a price-to-earnings-growth ratio of 0.70 and a beta of 1.41.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 12th. The online travel company reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.46. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter in the previous year, the company posted $2.39 EPS. Expedia Group’s revenue was up 11.4% on a year-over-year basis. Sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were given a dividend of $0.48 per share. The ex-dividend date was Thursday, March 5th. This is an increase from Expedia Group’s previous quarterly dividend of $0.40. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. Expedia Group’s dividend payout ratio is presently 19.49%.

Insider Activity

In related news, insider Robert J. Dzielak sold 8,225 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total value of $1,816,244.50. Following the transaction, the insider owned 102,480 shares in the company, valued at $22,629,633.60. This trade represents a 7.43% 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. 9.13% of the stock is owned by company insiders.

About Expedia Group

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.