Convergence Investment Partners LLC Boosts Position in Expedia Group, Inc. $EXPE

Convergence Investment Partners LLC boosted its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 48.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,688 shares of the online travel company’s stock after purchasing an additional 2,498 shares during the quarter. Convergence Investment Partners LLC’s holdings in Expedia Group were worth $1,775,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPE. RHS Financial LLC boosted its holdings in shares of Expedia Group by 4.0% in the 4th quarter. RHS Financial LLC now owns 1,030 shares of the online travel company’s stock valued at $292,000 after buying an additional 40 shares in the last quarter. Petredis Investment Advisors LLC grew its position in shares of Expedia Group by 3.2% in the 1st quarter. Petredis Investment Advisors LLC now owns 1,305 shares of the online travel company’s stock valued at $301,000 after buying an additional 40 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Expedia Group by 8.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 567 shares of the online travel company’s stock worth $161,000 after acquiring an additional 43 shares in the last quarter. Harbor Investment Advisory LLC raised its stake in Expedia Group by 16.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 319 shares of the online travel company’s stock worth $90,000 after acquiring an additional 44 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its position in Expedia Group by 78.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after acquiring an additional 44 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Activity

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the sale, the chief accounting officer directly owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This trade represents a 6.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $233.00, for a total value of $1,095,566.00. Following the sale, the insider directly owned 105,448 shares of the company’s stock, valued at $24,569,384. The trade was a 4.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 5.20% of the company’s stock.

Expedia Group Stock Down 0.1%

Shares of NASDAQ:EXPE opened at $264.94 on Wednesday. Expedia Group, Inc. has a 1-year low of $174.05 and a 1-year high of $303.80. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $32.47 billion, a P/E ratio of 23.32, a P/E/G ratio of 0.70 and a beta of 1.23. The firm has a fifty day moving average price of $242.01 and a 200 day moving average price of $244.22.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the previous year, the business posted $0.40 earnings per share. Expedia Group’s quarterly revenue was up 14.7% on a year-over-year basis. Sell-side analysts predict that Expedia Group, Inc. will post 16.98 EPS for the current year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. Expedia Group’s dividend payout ratio (DPR) is currently 16.90%.

Analysts Set New Price Targets

Several research firms have issued reports on EXPE. TD Cowen upped their price objective on shares of Expedia Group from $260.00 to $285.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft cut their target price on Expedia Group from $244.00 to $230.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Cantor Fitzgerald reissued a “neutral” rating and issued a $255.00 target price on shares of Expedia Group in a report on Monday. Piper Sandler upped their target price on Expedia Group from $225.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Wells Fargo & Company dropped their price target on Expedia Group from $307.00 to $303.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 30th. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company’s stock. According to MarketBeat, Expedia Group presently has a consensus rating of “Hold” and an average target price of $288.52.

Expedia Group Company Profile

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.