Banque Pictet & Cie SA Purchases 8,721 Shares of Expedia Group, Inc. $EXPE

Banque Pictet & Cie SA grew its position in Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 13.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 73,479 shares of the online travel company’s stock after buying an additional 8,721 shares during the period. Banque Pictet & Cie SA owned approximately 0.06% of Expedia Group worth $20,817,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in EXPE. Wellington Management Group LLP grew its holdings in shares of Expedia Group by 24,899.5% during the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock worth $386,560,000 after buying an additional 1,801,232 shares in the last quarter. AQR Capital Management LLC lifted 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 purchasing an additional 1,473,386 shares in the last quarter. Voloridge Investment Management LLC lifted its position in shares of Expedia Group by 465.6% in the third quarter. Voloridge Investment Management LLC now owns 452,867 shares of the online travel company’s stock worth $96,800,000 after purchasing an additional 372,798 shares in the last quarter. Tidal Investments LLC boosted its holdings in Expedia Group by 1,933.8% during the third quarter. Tidal Investments LLC now owns 357,635 shares of the online travel company’s stock worth $76,444,000 after purchasing an additional 340,050 shares during the last quarter. Finally, Windacre Partnership LLC boosted its stake in shares of Expedia Group by 9.2% during the 3rd quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock worth $787,049,000 after buying an additional 309,900 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Bank of America raised their price target on Expedia Group from $303.00 to $306.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Citizens Jmp reaffirmed a “market perform” rating on shares of Expedia Group in a research report on Tuesday, February 17th. Sanford C. Bernstein cut their price target on shares of Expedia Group from $256.00 to $253.00 and set a “market perform” rating for the company in a research note on Wednesday, March 11th. UBS Group set a $266.00 price target on Expedia Group in a report on Friday, February 13th. Finally, Susquehanna reissued a “neutral” rating and set a $240.00 target price on shares of Expedia Group in a report on Tuesday, February 17th. Fourteen equities research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $282.65.

Read Our Latest Research Report on Expedia Group

Expedia Group Price Performance

Shares of Expedia Group stock opened at $227.67 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $27.90 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 0.72 and a beta of 1.33. Expedia Group, Inc. has a twelve month low of $130.01 and a twelve month high of $303.80. The company has a 50-day simple moving average of $233.07 and a two-hundred day simple moving average of $244.80.

Expedia Group (NASDAQ:EXPEGet Free Report) last issued its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, topping 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 return on equity of 72.23% and a net margin of 8.78%.The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.39 earnings per share. Analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were issued a dividend of $0.48 per share. This is a boost from Expedia Group’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. Expedia Group’s payout ratio is currently 19.49%.

Key Stories Impacting Expedia Group

Here are the key news stories impacting Expedia Group this week:

Insider Buying and Selling at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total value of $1,816,244.50. Following the sale, the insider owned 102,480 shares of the company’s stock, valued at approximately $22,629,633.60. This trade represents a 7.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 9.13% of the company’s stock.

About Expedia Group

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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