Ellsworth Advisors LLC Invests $4.33 Million in Expedia Group, Inc. $EXPE

Ellsworth Advisors LLC purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 19,833 shares of the online travel company’s stock, valued at approximately $4,332,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. First Horizon Advisors Inc. raised its position in shares of Expedia Group by 4.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,346 shares of the online travel company’s stock worth $227,000 after acquiring an additional 55 shares in the last quarter. Blue Trust Inc. grew its stake in Expedia Group by 8.0% in the third quarter. Blue Trust Inc. now owns 745 shares of the online travel company’s stock worth $159,000 after purchasing an additional 55 shares during the period. New York Life Investment Management LLC raised its holdings in Expedia Group by 0.4% in the second quarter. New York Life Investment Management LLC now owns 16,789 shares of the online travel company’s stock worth $2,832,000 after purchasing an additional 64 shares in the last quarter. Hohimer Wealth Management LLC lifted its position in Expedia Group by 0.3% during the second quarter. Hohimer Wealth Management LLC now owns 26,831 shares of the online travel company’s stock valued at $4,526,000 after buying an additional 68 shares during the period. Finally, Consilio Wealth Advisors LLC lifted its position in Expedia Group by 4.1% during the second quarter. Consilio Wealth Advisors LLC now owns 1,786 shares of the online travel company’s stock valued at $305,000 after buying an additional 71 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EXPE shares. Citigroup increased their price target on shares of Expedia Group from $206.00 to $281.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. BNP Paribas initiated coverage on shares of Expedia Group in a research note on Monday, November 24th. They set a “hold” rating for the company. Benchmark lifted their target price on shares of Expedia Group from $265.00 to $310.00 and gave the company a “buy” rating in a report on Friday, November 7th. Wedbush upped their price target on Expedia Group from $250.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Finally, Susquehanna lifted their price objective on Expedia Group from $200.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and twenty-four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $270.66.

Expedia Group Stock Performance

EXPE stock opened at $287.56 on Friday. The stock’s 50 day simple moving average is $253.63 and its 200 day simple moving average is $217.04. 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, Inc. has a 12-month low of $130.01 and a 12-month high of $292.42. 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.

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

Expedia Group Dividend Announcement

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

Insider Buying and Selling at Expedia Group

In other news, CAO Lance A. Soliday sold 849 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $248.08, for a total transaction of $210,619.92. Following the completion of the transaction, the chief accounting officer directly owned 11,662 shares of the company’s stock, valued at $2,893,108.96. The trade was a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’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 sale, the director owned 2,916 shares in the company, valued at $752,328. This represents a 25.54% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 4,849 shares of company stock worth $1,283,270. Company insiders own 9.13% of the company’s stock.

Expedia Group 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.