Cerity Partners LLC Increases Stock Position in Expedia Group, Inc. $EXPE

Cerity Partners LLC boosted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 77.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,360 shares of the online travel company’s stock after buying an additional 39,860 shares during the quarter. Cerity Partners LLC owned approximately 0.07% of Expedia Group worth $19,528,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. OMNI 360 Wealth Inc. bought a new position in shares of Expedia Group during the 2nd quarter worth approximately $325,000. Leith Wheeler Investment Counsel Ltd. grew its holdings in Expedia Group by 2.6% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 107,973 shares of the online travel company’s stock worth $18,213,000 after purchasing an additional 2,767 shares during the last quarter. Railway Pension Investments Ltd increased its position in shares of Expedia Group by 19.6% during the third quarter. Railway Pension Investments Ltd now owns 115,200 shares of the online travel company’s stock worth $24,624,000 after purchasing an additional 18,900 shares in the last quarter. Vise Technologies Inc. purchased a new stake in shares of Expedia Group during the 2nd quarter valued at $2,351,000. Finally, Brighton Jones LLC boosted its position in shares of Expedia Group by 44.1% in the 3rd quarter. Brighton Jones LLC now owns 16,311 shares of the online travel company’s stock worth $3,486,000 after purchasing an additional 4,988 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

EXPE has been the topic of several recent analyst reports. KeyCorp initiated coverage on Expedia Group in a research report on Wednesday, October 22nd. They set a “sector weight” rating on the stock. Truist Financial set a $210.00 price objective on shares of Expedia Group in a report on Monday, October 27th. Argus lifted their target price on shares of Expedia Group from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Monday, December 29th. Benchmark boosted their target price on shares of Expedia Group from $265.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Wells Fargo & Company raised their price target on shares of Expedia Group from $272.00 to $329.00 and gave the stock an “equal weight” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and twenty-four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $278.68.

Insider Activity

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

Expedia Group Trading Down 1.7%

NASDAQ EXPE opened at $296.33 on Friday. The company has a fifty day moving average of $267.43 and a 200 day moving average of $225.62. The company has a market capitalization of $36.31 billion, a PE ratio of 28.36, a P/E/G ratio of 1.09 and a beta of 1.43. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.74 and a quick ratio of 0.74. Expedia Group, Inc. has a 1 year low of $130.01 and a 1 year high of $303.80.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 64.15% and a net margin of 9.66%.The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.13 EPS. Research analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.5%. Expedia Group’s dividend payout ratio (DPR) is presently 15.31%.

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.