Convergence Investment Partners LLC Takes Position in Expedia Group, Inc. $EXPE

Convergence Investment Partners LLC purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,683 shares of the online travel company’s stock, valued at approximately $1,001,000.

A number of other large investors have also added to or reduced their stakes in EXPE. First Horizon Advisors Inc. boosted its position in Expedia Group by 4.3% during the second quarter. First Horizon Advisors Inc. now owns 1,346 shares of the online travel company’s stock worth $227,000 after purchasing an additional 55 shares during the period. Blue Trust Inc. boosted its holdings in shares of Expedia Group by 8.0% during the 3rd quarter. Blue Trust Inc. now owns 745 shares of the online travel company’s stock worth $159,000 after buying an additional 55 shares during the period. Millington Financial Advisors LLC grew its stake in Expedia Group by 0.4% in the 3rd quarter. Millington Financial Advisors LLC now owns 13,308 shares of the online travel company’s stock valued at $2,870,000 after buying an additional 55 shares during the last quarter. New York Life Investment Management LLC raised its holdings in Expedia Group by 0.4% in the 2nd quarter. New York Life Investment Management LLC now owns 16,789 shares of the online travel company’s stock valued at $2,832,000 after acquiring an additional 64 shares during the period. Finally, 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 worth $4,526,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EXPE shares. Evercore ISI upped their target price on Expedia Group from $280.00 to $350.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Wells Fargo & Company upped their price objective on Expedia Group from $272.00 to $329.00 and gave the company an “equal weight” rating in a report on Friday, January 9th. B. Riley lifted their target price on Expedia Group from $300.00 to $360.00 and gave the stock a “buy” rating in a report on Monday, January 12th. DA Davidson restated a “neutral” rating and issued a $294.00 price target on shares of Expedia Group in a research note on Thursday, December 11th. Finally, The Goldman Sachs Group raised their price target on shares of Expedia Group from $295.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $290.10.

Insider Buying and Selling

In other news, Director Madhumita Moina Banerjee sold 1,000 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $258.00, for a total value of $258,000.00. Following the completion of the transaction, the director owned 2,916 shares of the company’s stock, valued at approximately $752,328. This represents a 25.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 849 shares of the firm’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 sale, the chief accounting officer owned 11,662 shares in the company, valued at approximately $2,893,108.96. The trade was a 6.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,849 shares of company stock worth $1,283,270 in the last ninety days. 9.13% of the stock is owned by insiders.

Expedia Group Trading Up 4.5%

Shares of Expedia Group stock opened at $276.67 on Tuesday. The company has a quick ratio of 0.74, a current 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 $303.80. The company has a market capitalization of $33.90 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 0.86 and a beta of 1.42. The firm’s 50-day moving average price is $278.30 and its two-hundred day moving average price is $237.93.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share for the quarter, topping analysts’ consensus estimates of $7.10 by $0.47. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.28 billion. Expedia Group had a net margin of 9.66% and a return on equity of 64.15%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.13 EPS. On average, 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 declared a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were paid a $0.40 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $1.60 annualized dividend and a dividend yield of 0.6%. 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.