Hennion & Walsh Asset Management Inc. Buys New Shares in Expedia Group, Inc. $EXPE

Hennion & Walsh Asset Management Inc. bought a new position in Expedia Group, Inc. (NASDAQ:EXPE) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 5,292 shares of the online travel company’s stock, valued at approximately $1,354,000.

A number of other institutional investors have also bought and sold shares of EXPE. Motiv8 Investments LLC purchased a new position in shares of Expedia Group in the fourth quarter valued at about $25,000. Entrust Financial LLC purchased a new stake in shares of Expedia Group during the fourth quarter worth about $26,000. DV Equities LLC purchased a new stake in shares of Expedia Group during the fourth quarter worth about $46,000. Elevation Wealth Partners LLC raised its stake in Expedia Group by 272.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock valued at $46,000 after purchasing an additional 131 shares during the period. Finally, Sunbelt Securities Inc. raised its stake in Expedia Group by 970.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock valued at $39,000 after purchasing an additional 165 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

NASDAQ EXPE opened at $325.57 on Thursday. The stock has a market capitalization of $39.90 billion, a PE ratio of 20.30, a P/E/G ratio of 0.78 and a beta of 1.22. The business has a 50 day simple moving average of $266.45 and a two-hundred day simple moving average of $245.16. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. Expedia Group, Inc. has a 1-year low of $185.34 and a 1-year high of $331.31.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.22 by $0.54. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.17 billion. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm earned $4.24 EPS. On average, research analysts predict that Expedia Group, Inc. will post 17.18 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, August 27th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, August 27th. Expedia Group’s payout ratio is currently 11.97%.

Insiders Place Their Bets

In related news, CAO Lance A. Soliday sold 940 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction 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. This represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the transaction, the insider 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 SEC filing for this sale provides additional information. 5.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EXPE has been the subject of several recent analyst reports. TD Cowen upped their price target on Expedia Group from $285.00 to $320.00 and gave the stock a “hold” rating in a research note on Friday, August 7th. Citic Securities reduced their price objective on shares of Expedia Group from $337.00 to $320.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. BTIG Research boosted their target price on shares of Expedia Group from $330.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Expedia Group in a research report on Friday, August 7th. Finally, Benchmark raised their target price on shares of Expedia Group from $290.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $311.76.

Expedia Group Company Profile

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.