Expedia Group, Inc. $EXPE Shares Acquired by CI Investments Inc.

CI Investments Inc. grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1,735.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,223 shares of the online travel company’s stock after purchasing an additional 39,922 shares during the period. CI Investments Inc.’s holdings in Expedia Group were worth $9,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Expedia Group during the 2nd quarter worth about $663,882,000. AQR Capital Management LLC increased its position 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 in the last quarter. LSV Asset Management raised its holdings in shares of Expedia Group by 497.0% during the second quarter. LSV Asset Management now owns 871,837 shares of the online travel company’s stock valued at $147,061,000 after acquiring an additional 725,797 shares during the period. Meridiem Capital Partners LP purchased a new stake in shares of Expedia Group in the 2nd quarter valued at approximately $26,131,000. Finally, Natixis boosted its stake in Expedia Group by 1,175.3% in the 2nd quarter. Natixis now owns 166,372 shares of the online travel company’s stock worth $28,064,000 after purchasing an additional 153,326 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Expedia Group from $325.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Morgan Stanley upped their price target on Expedia Group from $180.00 to $270.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Evercore reissued an “outperform” rating on shares of Expedia Group in a research note on Monday, February 9th. Citigroup lowered their target price on Expedia Group from $281.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Finally, Royal Bank Of Canada increased their price target on shares of Expedia Group from $260.00 to $290.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th. Thirteen equities research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $281.74.

Expedia Group Trading Up 3.1%

NASDAQ:EXPE opened at $221.73 on Thursday. The stock’s 50 day moving average price is $254.38 and its 200 day moving average price is $241.81. Expedia Group, Inc. has a 52 week low of $130.01 and a 52 week high of $303.80. The company has a market capitalization of $27.17 billion, a P/E ratio of 22.51, a P/E/G ratio of 0.66 and a beta of 1.41. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.73 and a current ratio of 0.73.

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

Expedia Group Increases Dividend

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

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.