2,258 Shares in Expedia Group, Inc. $EXPE Purchased by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC acquired a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,258 shares of the online travel company’s stock, valued at approximately $483,000.

Several other large investors have also recently made changes to their positions in EXPE. Vanguard Group Inc. increased its position in Expedia Group by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 15,304,305 shares of the online travel company’s stock valued at $2,581,530,000 after buying an additional 102,494 shares in the last quarter. Norges Bank bought a new stake in Expedia Group in the second quarter worth $663,882,000. Geode Capital Management LLC grew its stake in shares of Expedia Group by 1.7% in the second quarter. Geode Capital Management LLC now owns 3,414,935 shares of the online travel company’s stock worth $574,364,000 after acquiring an additional 58,244 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Expedia Group by 102.0% in the second quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock worth $492,152,000 after acquiring an additional 1,473,386 shares during the last quarter. Finally, Alkeon Capital Management LLC increased its holdings in shares of Expedia Group by 4.2% during the second quarter. Alkeon Capital Management LLC now owns 2,475,276 shares of the online travel company’s stock valued at $417,530,000 after acquiring an additional 100,000 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $287.56 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.72. The stock has a market capitalization of $35.23 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. The firm’s 50 day moving average price is $253.63 and its 200-day moving average price is $217.04. Expedia Group, Inc. has a twelve month low of $130.01 and a twelve month high of $292.42.

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

Expedia Group Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. Piper Sandler raised shares of Expedia Group from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $190.00 to $250.00 in a research report on Friday, November 7th. DA Davidson reiterated a “neutral” rating and set a $294.00 price target on shares of Expedia Group in a report on Thursday, December 11th. Benchmark raised their price target on shares of Expedia Group from $265.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, November 7th. HSBC upped their price objective on Expedia Group from $232.00 to $272.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, Wall Street Zen downgraded Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and twenty-four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $270.66.

Insider Buying and Selling at Expedia Group

In related news, Director Madhumita Moina Banerjee sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $258.00, for a total transaction of $258,000.00. Following the completion of the transaction, the director directly owned 2,916 shares in the company, valued at approximately $752,328. The trade was a 25.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $271.55, for a total transaction of $814,650.00. Following the completion of the sale, the director directly owned 30,858 shares of the company’s stock, valued at $8,379,489.90. This represents a 8.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 4,849 shares of company stock valued at $1,283,270. Company insiders own 9.13% of the company’s stock.

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.