Geneos Wealth Management Inc. grew its position in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 117.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 576 shares of the online travel company’s stock after acquiring an additional 311 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Expedia Group were worth $97,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Expedia Group by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 15,201,811 shares of the online travel company’s stock worth $2,555,424,000 after buying an additional 394,147 shares during the last quarter. Alkeon Capital Management LLC increased its stake in Expedia Group by 20.2% during the first quarter. Alkeon Capital Management LLC now owns 2,375,276 shares of the online travel company’s stock worth $399,284,000 after acquiring an additional 398,804 shares during the last quarter. AQR Capital Management LLC increased its stake in Expedia Group by 174.0% during the first quarter. AQR Capital Management LLC now owns 1,444,283 shares of the online travel company’s stock worth $235,592,000 after acquiring an additional 917,192 shares during the last quarter. Nuveen LLC bought a new stake in Expedia Group during the first quarter worth approximately $227,174,000. Finally, Northern Trust Corp increased its stake in Expedia Group by 4.4% during the first quarter. Northern Trust Corp now owns 1,331,482 shares of the online travel company’s stock worth $223,822,000 after acquiring an additional 55,575 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.
Expedia Group Price Performance
EXPE opened at $225.18 on Thursday. Expedia Group, Inc. has a 12-month low of $130.01 and a 12-month high of $229.00. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The business’s fifty day simple moving average is $200.70 and its 200-day simple moving average is $177.52. The company has a market capitalization of $27.86 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 1.18 and a beta of 1.57.
Expedia Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 28th. Expedia Group’s dividend payout ratio (DPR) is currently 19.61%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on EXPE shares. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Expedia Group in a research report on Wednesday, July 23rd. DA Davidson boosted their price objective on shares of Expedia Group from $174.00 to $218.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Citigroup boosted their price objective on shares of Expedia Group from $177.00 to $206.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Wedbush boosted their price objective on shares of Expedia Group from $175.00 to $220.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Finally, Piper Sandler upped their price target on shares of 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, eighteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $205.63.
Check Out Our Latest Research Report on EXPE
Insider Activity
In other news, CAO Lance A. Soliday sold 852 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total value of $175,409.76. Following the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $2,477,971.68. This trade represents a 6.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $207.78, for a total transaction of $623,340.00. Following the completion of the sale, the director owned 33,858 shares in the company, valued at $7,035,015.24. This represents a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,816 shares of company stock worth $2,009,132. Corporate insiders own 9.13% of the company’s stock.
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.
Read More
- Five stocks we like better than Expedia Group
- 3 Fintech Stocks With Good 2021 Prospects
- Biotech Breakouts: 3 Stocks With Massive Upside Potential
- What is the S&P/TSX Index?
- Powering Up: A Buy Rating Signals GE Vernova’s AI Tailwinds
- Top Biotech Stocks: Exploring Innovation Opportunities
- The Side of Rate Cuts Nobody Is Telling You About
Receive News & Ratings for Expedia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Group and related companies with MarketBeat.com's FREE daily email newsletter.