L2 Asset Management LLC Buys 3,570 Shares of Expedia Group, Inc. $EXPE

L2 Asset Management LLC boosted its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 9.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,649 shares of the online travel company’s stock after acquiring an additional 3,570 shares during the period. Expedia Group accounts for 1.5% of L2 Asset Management LLC’s investment portfolio, making the stock its 13th largest holding. L2 Asset Management LLC’s holdings in Expedia Group were worth $11,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. CI Investments Inc. lifted its holdings in shares of Expedia Group by 1,735.0% in the 3rd quarter. CI Investments Inc. now owns 42,223 shares of the online travel company’s stock worth $9,025,000 after purchasing an additional 39,922 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Expedia Group by 37.3% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 196,464 shares of the online travel company’s stock worth $41,994,000 after purchasing an additional 53,365 shares in the last quarter. Oliver Luxxe Assets LLC bought a new position in shares of Expedia Group in the 4th quarter worth $3,164,000. 44 Wealth Management LLC bought a new position in shares of Expedia Group in the 3rd quarter worth $1,358,000. Finally, Swiss Life Asset Management Ltd lifted its holdings in shares of Expedia Group by 48.6% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 43,222 shares of the online travel company’s stock worth $9,239,000 after purchasing an additional 14,143 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the completion of the sale, the insider directly owned 105,448 shares of the company’s stock, valued at $24,569,384. This trade represents a 4.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Lance A. Soliday sold 940 shares of the firm’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 directly owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Robert W. Baird set a $290.00 target price on Expedia Group in a report on Friday, May 8th. Morgan Stanley raised their price objective on Expedia Group from $270.00 to $290.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Wedbush restated a “neutral” rating and set a $260.00 price objective on shares of Expedia Group in a research note on Tuesday, February 17th. UBS Group dropped their price objective on Expedia Group from $266.00 to $262.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Finally, DA Davidson dropped their price objective on Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $284.42.

Expedia Group Trading Up 5.4%

Shares of Expedia Group stock opened at $236.98 on Tuesday. Expedia Group, Inc. has a 1 year low of $160.00 and a 1 year high of $303.80. The firm has a market cap of $29.04 billion, a PE ratio of 20.86, a P/E/G ratio of 0.59 and a beta of 1.25. The stock has a fifty day moving average price of $234.20 and a 200-day moving average price of $247.03. 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 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. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the firm posted $0.40 EPS. The business’s revenue was up 14.7% compared to the same quarter last year. Equities research analysts anticipate that Expedia Group, Inc. will post 17.07 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. Expedia Group’s dividend payout ratio (DPR) is currently 16.90%.

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.