Stevens Capital Management LP Buys New Position in Expedia Group, Inc. $EXPE

Stevens Capital Management LP bought a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,799 shares of the online travel company’s stock, valued at approximately $598,000.

A number of other institutional investors have also recently made changes to their positions in EXPE. Spire Wealth Management raised its position in shares of Expedia Group by 114.3% during the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock valued at $25,000 after buying an additional 80 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new position in Expedia Group in the third quarter valued at $30,000. SOA Wealth Advisors LLC. purchased a new stake in Expedia Group during the third quarter valued at about $36,000. Armstrong Advisory Group Inc. lifted its stake in Expedia Group by 212.7% during the third quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock worth $37,000 after purchasing an additional 117 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its stake in Expedia Group by 43.2% during the third quarter. Westside Investment Management Inc. now owns 189 shares of the online travel company’s stock worth $41,000 after purchasing an additional 57 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EXPE shares. JPMorgan Chase & Co. increased their price objective on Expedia Group from $225.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. HSBC increased their price target on shares of Expedia Group from $365.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Robert W. Baird boosted their price objective on shares of Expedia Group from $280.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Royal Bank Of Canada increased their target price on shares of Expedia Group from $260.00 to $290.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. Finally, Mizuho boosted their price target on shares of Expedia Group from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, November 14th. Thirteen research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $282.55.

Insiders Place Their Bets

In other news, Director Madhumita Moina Banerjee sold 1,000 shares of Expedia Group stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $258.00, for a total value of $258,000.00. Following the sale, the director directly owned 2,916 shares in the company, valued at approximately $752,328. This trade represents a 25.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 9.13% of the company’s stock.

Expedia Group Trading Up 1.9%

NASDAQ:EXPE opened at $203.48 on Friday. The firm has a market capitalization of $24.93 billion, a P/E ratio of 20.66, a P/E/G ratio of 0.64 and a beta of 1.41. The company has a quick ratio of 0.74, a current ratio of 0.73 and a debt-to-equity ratio of 1.75. The company has a fifty day moving average of $266.70 and a 200 day moving average of $241.21. Expedia Group, Inc. has a 52 week low of $130.01 and a 52 week high of $303.80.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results 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. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.41 billion. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The company’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.39 EPS. On average, research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s dividend payout ratio is currently 16.24%.

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.