Cibc World Market Inc. Has $8.81 Million Stock Position in Expedia Group, Inc. $EXPE

Cibc World Market Inc. lifted its position in Expedia Group, Inc. (NASDAQ:EXPE) by 257.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 31,089 shares of the online travel company’s stock after purchasing an additional 22,391 shares during the period. Cibc World Market Inc.’s holdings in Expedia Group were worth $8,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of EXPE. Brighton Jones LLC acquired a new stake in shares of Expedia Group in the fourth quarter worth $408,000. NewEdge Advisors LLC lifted its stake in shares of Expedia Group by 5.0% in the first quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock worth $917,000 after buying an additional 259 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Expedia Group in the second quarter worth $596,000. Daiwa Securities Group Inc. lifted its stake in shares of Expedia Group by 6.5% in the second quarter. Daiwa Securities Group Inc. now owns 21,265 shares of the online travel company’s stock worth $3,587,000 after buying an additional 1,290 shares during the last quarter. Finally, AXA S.A. lifted its stake in shares of Expedia Group by 5.9% in the second quarter. AXA S.A. now owns 11,042 shares of the online travel company’s stock worth $1,863,000 after buying an additional 615 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Citic Securities cut their target price on shares of Expedia Group from $337.00 to $320.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Barclays upped their target price on shares of Expedia Group from $260.00 to $264.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Wedbush reiterated a “neutral” rating and set a $260.00 target price on shares of Expedia Group in a research note on Tuesday, February 17th. UBS Group cut their target price on shares of Expedia Group from $266.00 to $262.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Finally, B. Riley Financial cut their target price on shares of Expedia Group from $360.00 to $350.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Sixteen analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $284.42.

Expedia Group Price Performance

NASDAQ:EXPE opened at $228.88 on Friday. The stock has a market cap of $28.05 billion, a P/E ratio of 20.15, a PEG ratio of 0.70 and a beta of 1.25. Expedia Group, Inc. has a one year low of $160.00 and a one year high of $303.80. The company has a fifty day moving average price of $234.33 and a 200 day moving average price of $247.76. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.55. The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. Analysts anticipate that Expedia Group, Inc. will post 17.07 earnings per share for the current year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, May 28th. Expedia Group’s payout ratio is 16.90%.

Insider Transactions at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the sale, the chief accounting officer owned 14,083 shares of the company’s stock, valued at $3,124,454.38. The trade was a 6.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.20% of the stock is owned by company insiders.

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.