Expedia Group, Inc. $EXPE Holdings Boosted by Cibc World Market Inc.

Cibc World Market Inc. grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 47.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,698 shares of the online travel company’s stock after purchasing an additional 2,789 shares during the quarter. Cibc World Market Inc.’s holdings in Expedia Group were worth $1,859,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bessemer Group Inc. grew its stake in Expedia Group by 0.8% during the 3rd quarter. Bessemer Group Inc. now owns 6,201 shares of the online travel company’s stock worth $1,325,000 after buying an additional 52 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of 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 acquiring an additional 55 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Expedia Group by 8.0% in the 3rd quarter. Blue Trust Inc. now owns 745 shares of the online travel company’s stock worth $159,000 after acquiring an additional 55 shares during the period. Millington Financial Advisors LLC lifted its position 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 purchasing an additional 55 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its position in Expedia Group by 43.2% in the 3rd quarter. Westside Investment Management Inc. now owns 189 shares of the online travel company’s stock valued at $41,000 after purchasing an additional 57 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EXPE shares. HSBC upped their target price on shares of Expedia Group from $365.00 to $387.00 and gave the stock a “buy” rating in a research report on Friday. TD Cowen lowered their target price on Expedia Group from $300.00 to $260.00 and set a “hold” rating on the stock in a research report on Friday. Cantor Fitzgerald set a $245.00 target price on Expedia Group in a research note on Friday. Oppenheimer boosted their price target on Expedia Group from $250.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, KeyCorp initiated coverage on Expedia Group in a report on Wednesday, October 22nd. They set a “sector weight” rating on the stock. Fourteen research analysts have rated the stock with a Buy rating and twenty-one have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $288.23.

Expedia Group Price Performance

NASDAQ EXPE opened at $212.67 on Tuesday. The stock’s 50-day moving average price is $272.36 and its two-hundred day moving average price is $241.06. The company has a current ratio of 0.73, a quick ratio of 0.74 and a debt-to-equity ratio of 1.75. The company has a market cap of $26.06 billion, a PE ratio of 21.59, a PEG ratio of 0.66 and a beta of 1.42. Expedia Group, Inc. has a 1 year low of $130.01 and a 1 year high of $303.80.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.46. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same period last year, the firm posted $2.39 earnings per share. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be issued a $0.48 dividend. The ex-dividend date is Thursday, March 5th. This is an increase from Expedia Group’s previous quarterly dividend of $0.40. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.9%. Expedia Group’s dividend payout ratio is currently 16.24%.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Madhumita Moina Banerjee sold 1,000 shares of Expedia Group 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 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 legal filing with the SEC, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 849 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $248.08, for a total value of $210,619.92. Following the completion of the transaction, the chief accounting officer owned 11,662 shares in the company, valued at $2,893,108.96. This represents a 6.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.