Expedia Group, Inc. $EXPE Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC lifted its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 102.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,917,669 shares of the online travel company’s stock after buying an additional 1,473,386 shares during the period. AQR Capital Management LLC owned approximately 2.30% of Expedia Group worth $492,152,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Spire Wealth Management grew 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 last quarter. GFG Capital LLC purchased a new position in Expedia Group during the 2nd quarter worth approximately $29,000. Trust Co. of Toledo NA OH purchased a new position in Expedia Group during the 2nd quarter worth approximately $31,000. First Pacific Financial increased its position in Expedia Group by 60.0% during the second quarter. First Pacific Financial now owns 240 shares of the online travel company’s stock worth $40,000 after buying an additional 90 shares during the period. Finally, Flaharty Asset Management LLC purchased a new stake in Expedia Group in the first quarter valued at approximately $46,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on EXPE shares. Mizuho lifted their price objective on shares of Expedia Group from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Expedia Group in a report on Monday. JPMorgan Chase & Co. boosted their price target on Expedia Group from $225.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Rothschild & Co Redburn upped their price objective on Expedia Group from $290.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, The Goldman Sachs Group increased their price objective on Expedia Group from $253.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $265.78.

Expedia Group Stock Performance

NASDAQ EXPE opened at $274.21 on Friday. The stock has a market capitalization of $33.60 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 1.27 and a beta of 1.44. The business’s 50 day moving average is $239.66 and its two-hundred day moving average is $208.93. Expedia Group, Inc. has a 12-month low of $130.01 and a 12-month high of $282.96. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.72.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, beating the consensus estimate of $7.10 by $0.47. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period last year, the firm earned $6.13 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. Research analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Wednesday, November 19th. Expedia Group’s payout ratio is presently 15.31%.

Insider Transactions at Expedia Group

In related news, Director Craig A. Jacobson sold 3,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $271.55, for a total transaction of $814,650.00. Following the sale, the director owned 30,858 shares of the company’s stock, valued at approximately $8,379,489.90. The trade was a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $258.00, for a total transaction of $258,000.00. Following the transaction, the director owned 2,916 shares in the company, valued at $752,328. The trade was a 25.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,849 shares of company stock valued at $1,283,270 in the last ninety days. 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.