Expedia Group, Inc. $EXPE Stock Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC raised its position in Expedia Group, Inc. (NASDAQ:EXPE) by 167.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,123 shares of the online travel company’s stock after buying an additional 1,957 shares during the period. Verdence Capital Advisors LLC’s holdings in Expedia Group were worth $823,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EXPE. Citizens Financial Group Inc. RI grew its holdings in Expedia Group by 184.8% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 6,673 shares of the online travel company’s stock worth $1,757,000 after acquiring an additional 4,330 shares during the last quarter. Plato Investment Management Ltd bought a new position in shares of Expedia Group during the second quarter valued at $2,562,000. Tidal Investments LLC raised its stake in shares of Expedia Group by 47.4% during the second quarter. Tidal Investments LLC now owns 32,146 shares of the online travel company’s stock valued at $8,226,000 after acquiring an additional 10,331 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Expedia Group during the second quarter worth $166,203,000. Finally, Lombard Odier Asset Management Switzerland SA acquired a new position in shares of Expedia Group during the first quarter worth $910,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. BTIG Research reissued a “buy” rating and issued a $400.00 price objective on shares of Expedia Group in a research note on Tuesday, October 6th. Wall Street Zen downgraded Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 10th. Jefferies Financial Group lifted their target price on Expedia Group from $300.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Piper Sandler reiterated a “neutral” rating and issued a $325.00 price target (up from $245.00) on shares of Expedia Group in a research report on Thursday, August 6th. Finally, Citigroup reissued a “neutral” rating on shares of Expedia Group in a research note on Wednesday, August 12th. Eighteen research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $316.37.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 1,004 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $335.00, for a total transaction of $336,340.00. Following the transaction, the insider directly owned 104,331 shares in the company, valued at approximately $34,950,885. This represents a 0.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Craig A. Jacobson sold 3,133 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the sale, the director directly owned 29,832 shares of the company’s stock, valued at approximately $9,800,408.64. This trade represents a 9.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 11,950 shares of company stock valued at $3,881,995 over the last 90 days. Company insiders own 5.20% of the company’s stock.

Expedia Group Stock Performance

Shares of EXPE opened at $282.73 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $33.93 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36. The firm’s fifty day simple moving average is $286.94 and its two-hundred day simple moving average is $259.55. Expedia Group, Inc. has a 12 month low of $185.34 and a 12 month high of $342.00.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, topping analysts’ consensus estimates of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.17 billion. During the same period last year, the business posted $4.24 EPS. The business’s revenue was up 14.0% compared to the same quarter last year. As a group, analysts predict that Expedia Group, Inc. will post 17.37 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, August 27th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $1.92 annualized dividend and a yield of 0.7%. Expedia Group’s dividend payout ratio (DPR) is currently 11.97%.

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.