Oak Ridge Investments LLC Grows Position in Expedia Group, Inc. $EXPE

Oak Ridge Investments LLC boosted its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 62.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,198 shares of the online travel company’s stock after buying an additional 2,377 shares during the quarter. Oak Ridge Investments LLC’s holdings in Expedia Group were worth $1,756,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. JFS Wealth Advisors LLC raised its position in Expedia Group by 78.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after buying an additional 44 shares during the last quarter. Lodestone Wealth Management LLC bought a new position in Expedia Group in the 4th quarter valued at $29,000. Grey Fox Wealth Advisors LLC bought a new position in Expedia Group in the 3rd quarter valued at $30,000. Rossby Financial LCC grew its stake in Expedia Group by 103.8% in the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock valued at $35,000 after purchasing an additional 82 shares during the period. Finally, SOA Wealth Advisors LLC. bought a new position in Expedia Group in the 3rd quarter valued at $36,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $240.21 on Tuesday. The stock has a market cap of $29.44 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 0.70 and a beta of 1.33. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.75. Expedia Group, Inc. has a 1-year low of $144.20 and a 1-year high of $303.80. The stock’s 50-day moving average is $226.52 and its 200 day moving average is $245.39.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 12th. The online travel company reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.46. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.Expedia Group’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the firm posted $2.39 EPS. On average, sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 5th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.8%. The ex-dividend date was 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 19.49%.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 8,225 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the transaction, the insider directly owned 102,480 shares in the company, valued at $22,629,633.60. This trade represents a 7.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Mizuho reduced their price objective on Expedia Group from $270.00 to $245.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. BMO Capital Markets upped their price objective on Expedia Group from $250.00 to $255.00 and gave the company a “market perform” rating in a research note on Friday, February 13th. The Goldman Sachs Group upped their price objective on Expedia Group from $325.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Susquehanna restated a “neutral” rating and issued a $240.00 price objective on shares of Expedia Group in a research note on Tuesday, February 17th. Finally, Citizens Jmp reiterated a “market perform” rating on shares of Expedia Group in a research note on Tuesday, February 17th. Fourteen analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $282.45.

About Expedia Group

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.