Pinnacle Wealth Management Advisory Group LLC Acquires 2,545 Shares of Expedia Group, Inc. $EXPE

Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 45.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,206 shares of the online travel company’s stock after acquiring an additional 2,545 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Expedia Group were worth $2,325,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CI Investments Inc. increased its position in shares of Expedia Group by 1,735.0% during the third quarter. CI Investments Inc. now owns 42,223 shares of the online travel company’s stock worth $9,025,000 after acquiring an additional 39,922 shares in the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of Expedia Group during the third quarter worth about $1,063,000. Convergence Investment Partners LLC bought a new stake in shares of Expedia Group during the third quarter worth about $1,001,000. Railway Pension Investments Ltd increased its position in shares of Expedia Group by 19.6% during the third quarter. Railway Pension Investments Ltd now owns 115,200 shares of the online travel company’s stock worth $24,624,000 after acquiring an additional 18,900 shares in the last quarter. Finally, Savant Capital LLC increased its position in shares of Expedia Group by 13.9% during the third quarter. Savant Capital LLC now owns 39,700 shares of the online travel company’s stock worth $8,486,000 after acquiring an additional 4,853 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Expedia Group Stock Performance

Shares of EXPE stock opened at $251.84 on Monday. Expedia Group, Inc. has a 52-week low of $148.55 and a 52-week high of $303.80. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.73 and a current ratio of 0.73. The company has a 50-day simple moving average of $234.89 and a two-hundred day simple moving average of $248.88. The company has a market capitalization of $30.86 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 0.77 and a beta of 1.30.

Expedia Group (NASDAQ:EXPEGet Free Report) last issued its quarterly earnings data on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.46. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same period in the prior year, the firm posted $2.39 EPS. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. Research analysts anticipate that Expedia Group, Inc. will post 16.64 EPS for the current fiscal year.

Expedia Group Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently commented on EXPE. Sanford C. Bernstein decreased their target price on shares of Expedia Group from $256.00 to $253.00 and set a “market perform” rating for the company in a research report on Wednesday, March 11th. Zacks Research downgraded shares of Expedia Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft set a $244.00 price objective on shares of Expedia Group in a research report on Friday, February 13th. BMO Capital Markets upped their price objective on shares of Expedia Group from $250.00 to $255.00 and gave the stock a “market perform” rating in a research report on Friday, February 13th. Finally, Bank of America upped their price objective on shares of Expedia Group from $303.00 to $306.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Fourteen analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company. According to data from MarketBeat, Expedia Group currently has an average rating of “Hold” and an average target price of $282.74.

View Our Latest Stock Report on Expedia Group

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total value of $1,816,244.50. Following the transaction, the insider directly owned 102,480 shares in the company, valued at $22,629,633.60. The trade was 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 through the SEC website. 9.13% of the stock is currently owned by insiders.

Key Stories Impacting Expedia Group

Here are the key news stories impacting Expedia Group this week:

About Expedia Group

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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