IFP Advisors Inc Buys 2,687 Shares of Expedia Group, Inc. $EXPE

IFP Advisors Inc grew its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 91.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,618 shares of the online travel company’s stock after buying an additional 2,687 shares during the period. IFP Advisors Inc’s holdings in Expedia Group were worth $1,480,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Burns Matteson Capital Management LLC acquired a new position in Expedia Group in the third quarter valued at about $587,000. TD Waterhouse Canada Inc. lifted its stake in Expedia Group by 2.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 47,258 shares of the online travel company’s stock valued at $12,414,000 after purchasing an additional 1,242 shares during the last quarter. Pension & Wealth Management Advisors Inc. bought a new position in shares of Expedia Group in the 3rd quarter valued at $146,000. Milestone Asset Management LLC boosted its stake in shares of Expedia Group by 180.1% during the third quarter. Milestone Asset Management LLC now owns 33,734 shares of the online travel company’s stock valued at $8,884,000 after purchasing an additional 21,689 shares in the last quarter. Finally, Triasima Portfolio Management inc. acquired a new stake in Expedia Group during the 3rd quarter worth approximately $3,260,000. 90.76% of the stock is owned by institutional investors.

Expedia Group Stock Performance

Expedia Group stock opened at $285.64 on Thursday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. The firm’s fifty day moving average price is $291.29 and its 200-day moving average price is $266.05. Expedia Group, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $342.00. The stock has a market cap of $34.28 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, beating analysts’ consensus estimates of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.17 billion. During the same period last year, the business earned $4.24 earnings per share. The business’s quarterly revenue was up 14.0% on a year-over-year basis. On average, equities research analysts expect that Expedia Group, Inc. will post 17.26 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

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

Insiders Place Their Bets

In related news, CAO Lance A. Soliday sold 2,810 shares of Expedia Group stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total transaction of $909,456.50. Following the completion of the transaction, the chief accounting officer directly owned 12,006 shares of the company’s stock, valued at $3,885,741.90. This trade represents a 18.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 1,004 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $335.00, for a total value of $336,340.00. Following the completion of the sale, the insider directly owned 104,331 shares in the company, valued at $34,950,885. This trade represents a 0.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 11,950 shares of company stock worth $3,881,995. 5.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on EXPE shares. Robert W. Baird set a $335.00 target price on Expedia Group in a report on Thursday, August 6th. Barclays upped their target price on Expedia Group from $264.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Truist Financial decreased their price objective on Expedia Group from $309.00 to $288.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. BMO Capital Markets reaffirmed a “market perform” rating and set a $285.00 price target on shares of Expedia Group in a research report on Friday, August 7th. Finally, Jefferies Financial Group increased their target price on shares of Expedia Group from $300.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Eighteen investment analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $316.37.

About Expedia Group

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.