Allworth Financial LP raised its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 91.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,158 shares of the online travel company’s stock after acquiring an additional 553 shares during the quarter. Allworth Financial LP’s holdings in Expedia Group were worth $195,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in EXPE. Spire Wealth Management boosted its holdings in shares of Expedia Group by 114.3% during the second quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock worth $25,000 after purchasing an additional 80 shares during the period. McClarren Financial Advisors Inc. purchased a new stake in Expedia Group in the 1st quarter worth approximately $28,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Expedia Group during the 1st quarter valued at $28,000. GFG Capital LLC purchased a new position in shares of Expedia Group during the 2nd quarter valued at $29,000. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of Expedia Group during the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 90.76% of the company’s stock.
Expedia Group Price Performance
Shares of Expedia Group stock opened at $240.00 on Wednesday. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. Expedia Group, Inc. has a fifty-two week low of $130.01 and a fifty-two week high of $279.61. The firm has a fifty day moving average price of $225.85 and a two-hundred day moving average price of $197.55. The company has a market cap of $29.41 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 1.15 and a beta of 1.58.
Expedia Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $1.60 annualized dividend and a yield of 0.7%. Expedia Group’s dividend payout ratio is 15.31%.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on EXPE. Wall Street Zen upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Saturday. HSBC upped their target price on Expedia Group from $232.00 to $272.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Wedbush boosted their price target on Expedia Group from $230.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. increased their price objective on Expedia Group from $225.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Finally, B. Riley lifted their target price on shares of Expedia Group from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and twenty-two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $265.31.
Read Our Latest Stock Analysis on Expedia Group
Insider Buying and Selling
In other Expedia Group news, Director Craig A. Jacobson sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $271.55, for a total value of $814,650.00. Following the completion of the sale, the director owned 30,858 shares in the company, valued at approximately $8,379,489.90. This trade represents a 8.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.13% of the stock is currently owned by company insiders.
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.
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