Field & Main Bank Makes New $397,000 Investment in Expedia Group, Inc. $EXPE

Field & Main Bank bought a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,552 shares of the online travel company’s stock, valued at approximately $397,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Windacre Partnership LLC grew its stake in Expedia Group by 9.2% in the third quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock worth $787,049,000 after purchasing an additional 309,900 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Expedia Group by 25.0% during the 3rd quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after buying an additional 728,063 shares in the last quarter. Invesco Ltd. grew its position in shares of Expedia Group by 8.0% during the 3rd quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock worth $667,507,000 after buying an additional 230,176 shares in the last quarter. Norges Bank purchased a new position in shares of Expedia Group during the fourth quarter valued at $861,979,000. Finally, Wellington Management Group LLP raised its holdings in shares of Expedia Group by 24,899.5% in the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after acquiring an additional 1,801,232 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $329.44 on Friday. The company has a 50 day moving average price of $289.42 and a 200 day moving average price of $251.18. The firm has a market capitalization of $39.54 billion, a P/E ratio of 20.54, a PEG ratio of 0.78 and a beta of 1.22. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21. Expedia Group, Inc. has a 52 week low of $185.34 and a 52 week high of $342.00.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, topping the consensus estimate of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same quarter in the previous year, the firm earned $4.24 EPS. Expedia Group’s revenue was up 14.0% compared to the same quarter last year. Sell-side analysts expect that Expedia Group, Inc. will post 17.15 EPS for the current year.

Expedia Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.6%. Expedia Group’s payout ratio is 11.97%.

Insider Activity at Expedia Group

In related news, Director Craig A. Jacobson sold 3,133 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $328.52, for a total value of $1,029,253.16. Following the completion of the transaction, the director owned 29,832 shares in the company, valued at $9,800,408.64. This trade represents a 9.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Lance A. Soliday sold 2,810 shares of Expedia Group stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total value of $909,456.50. Following the sale, the chief accounting officer directly owned 12,006 shares of the company’s stock, valued at approximately $3,885,741.90. This represents a 18.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,652 shares of company stock valued at $4,977,561 in the last ninety days. Company insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Robert W. Baird set a $335.00 target price on shares of Expedia Group in a report on Thursday, August 6th. Cantor Fitzgerald upped their price target on shares of Expedia Group from $255.00 to $310.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Wells Fargo & Company increased their price objective on shares of Expedia Group from $303.00 to $307.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. BMO Capital Markets reissued a “market perform” rating and issued a $285.00 price objective on shares of Expedia Group in a research note on Friday, August 7th. Finally, Royal Bank Of Canada upped their target price on Expedia Group from $290.00 to $330.00 and gave the stock a “sector perform” rating in a report on Thursday, August 6th. Eighteen analysts have rated the stock with a Buy rating and twenty-one have issued a Hold rating to the company. According to MarketBeat.com, Expedia Group presently has an average rating of “Hold” and an average price target of $317.45.

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.