Allstate Corp Takes $921,000 Position in Expedia Group, Inc. $EXPE

Allstate Corp purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,308 shares of the online travel company’s stock, valued at approximately $921,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Spire Wealth Management increased its stake in Expedia Group by 114.3% in the second quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock worth $25,000 after purchasing an additional 80 shares during the period. GFG Capital LLC purchased a new stake in shares of Expedia Group during the second quarter valued at $29,000. SOA Wealth Advisors LLC. bought a new position in shares of Expedia Group in the third quarter worth about $36,000. Armstrong Advisory Group Inc. increased its stake in Expedia Group by 212.7% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock worth $37,000 after buying an additional 117 shares during the period. Finally, Trust Co. of Toledo NA OH purchased a new position in Expedia Group in the 2nd quarter worth about $31,000. 90.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EXPE has been the topic of a number of research analyst reports. Benchmark upped their target price on shares of Expedia Group from $265.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. KeyCorp began coverage on Expedia Group in a report on Wednesday, October 22nd. They issued a “sector weight” rating for the company. Wedbush raised their price objective on Expedia Group from $250.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. BMO Capital Markets lifted their target price on Expedia Group from $205.00 to $250.00 in a research report on Friday, November 7th. Finally, TD Cowen increased their price target on Expedia Group from $220.00 to $256.00 in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and twenty-two have issued a Hold rating to the company. According to data from MarketBeat, Expedia Group has an average rating of “Hold” and an average target price of $289.13.

Expedia Group Price Performance

NASDAQ:EXPE opened at $271.56 on Thursday. Expedia Group, Inc. has a one year low of $130.01 and a one year high of $303.80. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market cap of $33.27 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 0.96 and a beta of 1.43. The firm’s fifty day moving average is $274.70 and its two-hundred day moving average is $232.45.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $7.10 by $0.47. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period last year, the business earned $6.13 earnings per share. Expedia Group’s quarterly revenue was up 8.7% on a year-over-year basis. Research analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $1.60 dividend on an annualized basis and a yield of 0.6%. Expedia Group’s dividend payout ratio (DPR) is currently 15.31%.

Insider Buying and Selling

In other news, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’s 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 transaction, the director directly owned 2,916 shares of the company’s stock, valued at approximately $752,328. This trade represents a 25.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Lance A. Soliday sold 849 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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. In the last three months, insiders have sold 4,849 shares of company stock worth $1,283,270. 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.