Poinciana Advisors Group LLC purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE – Free Report) during the second quarter, Holdings Channel reports. The firm purchased 1,197 shares of the online travel company’s stock, valued at approximately $202,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Washington Capital Management Inc. purchased a new position in Expedia Group during the 2nd quarter worth approximately $422,000. V Square Quantitative Management LLC grew its stake in shares of Expedia Group by 295.9% in the 2nd quarter. V Square Quantitative Management LLC now owns 7,189 shares of the online travel company’s stock valued at $1,213,000 after purchasing an additional 5,373 shares during the last quarter. GraniteShares Advisors LLC grew its stake in shares of Expedia Group by 11.2% in the 2nd quarter. GraniteShares Advisors LLC now owns 3,024 shares of the online travel company’s stock valued at $510,000 after purchasing an additional 304 shares during the last quarter. BayBridge Capital Group LLC grew its stake in shares of Expedia Group by 1.8% in the 2nd quarter. BayBridge Capital Group LLC now owns 9,075 shares of the online travel company’s stock valued at $1,531,000 after purchasing an additional 161 shares during the last quarter. Finally, Kendall Capital Management grew its stake in shares of Expedia Group by 8.3% in the 2nd quarter. Kendall Capital Management now owns 12,260 shares of the online travel company’s stock valued at $2,068,000 after purchasing an additional 935 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.
Expedia Group Stock Performance
Shares of EXPE stock opened at $220.51 on Tuesday. The stock has a fifty day moving average price of $206.81 and a 200 day moving average price of $180.02. The stock has a market cap of $27.28 billion, a PE ratio of 27.02, a P/E/G ratio of 1.17 and a beta of 1.57. Expedia Group, Inc. has a 1 year low of $130.01 and a 1 year high of $229.00. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75.
Expedia Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, August 28th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $1.60 annualized dividend and a yield of 0.7%. Expedia Group’s payout ratio is currently 19.61%.
Wall Street Analyst Weigh In
Several brokerages have weighed in on EXPE. B. Riley lifted their target price on Expedia Group from $222.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Bank of America lifted their target price on Expedia Group from $211.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, August 8th. DA Davidson lifted their target price on Expedia Group from $174.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. Benchmark raised their price target on Expedia Group from $215.00 to $265.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, Piper Sandler raised their price target on Expedia Group from $135.00 to $190.00 and gave the company an “underweight” rating in a report on Friday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Expedia Group has a consensus rating of “Moderate Buy” and a consensus target price of $207.77.
Check Out Our Latest Research Report on Expedia Group
Insider Buying and Selling
In other Expedia Group news, CAO Lance A. Soliday sold 852 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $205.88, for a total transaction of $175,409.76. Following the completion of the transaction, the chief accounting officer owned 12,036 shares of the company’s stock, valued at approximately $2,477,971.68. This trade represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert J. Dzielak sold 3,306 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $200.84, for a total value of $663,977.04. Following the transaction, the insider directly owned 77,075 shares of the company’s stock, valued at $15,479,743. The trade was a 4.11% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,816 shares of company stock valued at $2,009,132. 9.13% of the stock is owned by insiders.
Expedia Group Company Profile
Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.
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