IFP Advisors Inc Increases Stock Holdings in Expedia Group, Inc. $EXPE

IFP Advisors Inc boosted its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 102.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,937 shares of the online travel company’s stock after purchasing an additional 3,503 shares during the quarter. IFP Advisors Inc’s holdings in Expedia Group were worth $1,483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Grey Fox Wealth Advisors LLC purchased a new stake in Expedia Group in the 3rd quarter valued at about $30,000. Rossby Financial LCC lifted its holdings in shares of Expedia Group by 103.8% during the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after acquiring an additional 82 shares during the period. SOA Wealth Advisors LLC. acquired a new stake in shares of Expedia Group in the third quarter worth approximately $36,000. Armstrong Advisory Group Inc. boosted its position in shares of Expedia Group by 212.7% in the third quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock worth $37,000 after acquiring an additional 117 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in Expedia Group by 970.6% in the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock valued at $39,000 after purchasing an additional 165 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EXPE. Argus dropped their price target on shares of Expedia Group from $345.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Citizens Jmp reiterated a “market perform” rating on shares of Expedia Group in a report on Tuesday, February 17th. Mizuho lowered their price objective on shares of Expedia Group from $270.00 to $245.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Bank of America upped their price objective on Expedia Group from $303.00 to $306.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Robert W. Baird increased their target price on Expedia Group from $280.00 to $282.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Thirteen analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the stock. According to data from MarketBeat, Expedia Group presently has an average rating of “Hold” and an average target price of $281.65.

Expedia Group Price Performance

EXPE opened at $235.18 on Monday. Expedia Group, Inc. has a 52-week low of $130.01 and a 52-week high of $303.80. The company has a 50 day moving average of $241.81 and a two-hundred day moving average of $244.21. The company has a market cap of $28.82 billion, a P/E ratio of 23.88, a P/E/G ratio of 0.73 and a beta of 1.41. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.75.

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

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.8%. This is a boost from Expedia Group’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, March 5th. Expedia Group’s dividend payout ratio is 19.49%.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the transaction, the insider owned 102,480 shares in the company, valued at $22,629,633.60. The trade was a 7.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.13% of the stock is owned by company insiders.

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.