Alkeon Capital Management LLC Raises Stock Position in Expedia Group, Inc. $EXPE

Alkeon Capital Management LLC boosted its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,475,276 shares of the online travel company’s stock after purchasing an additional 100,000 shares during the period. Expedia Group makes up approximately 0.7% of Alkeon Capital Management LLC’s holdings, making the stock its 21st largest position. Alkeon Capital Management LLC’s holdings in Expedia Group were worth $417,530,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Spire Wealth Management increased its position in Expedia Group by 114.3% during the second quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock valued at $25,000 after acquiring an additional 80 shares during the last quarter. GFG Capital LLC bought a new position in Expedia Group in the 2nd quarter worth $29,000. Trust Co. of Toledo NA OH purchased a new stake in Expedia Group in the 2nd quarter worth approximately $31,000. First Pacific Financial raised its stake in Expedia Group by 60.0% during the 2nd quarter. First Pacific Financial now owns 240 shares of the online travel company’s stock worth $40,000 after acquiring an additional 90 shares during the period. Finally, Flaharty Asset Management LLC bought a new position in shares of Expedia Group in the first quarter worth approximately $46,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Stock Down 2.5%

NASDAQ EXPE opened at $274.21 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.72. Expedia Group, Inc. has a 52 week low of $130.01 and a 52 week high of $282.96. The firm has a market capitalization of $33.60 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 1.27 and a beta of 1.44. The company has a fifty day moving average of $239.66 and a two-hundred day moving average of $208.93.

Expedia Group (NASDAQ:EXPE) last announced its 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 net margin of 9.66% and a return on equity of 64.15%. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the firm posted $6.13 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, November 19th. This represents a $1.60 dividend on an annualized basis and a yield of 0.6%. Expedia Group’s payout ratio is presently 15.31%.

Analysts Set New Price Targets

EXPE has been the topic of a number of analyst reports. CICC Research upgraded shares of Expedia Group from a “market perform” rating to an “outperform” rating and set a $271.00 target price on the stock in a research note on Monday, November 10th. Piper Sandler raised Expedia Group from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $190.00 to $250.00 in a research note on Friday, November 7th. The Goldman Sachs Group upped their price target on Expedia Group from $253.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Citigroup lifted their price objective on shares of Expedia Group from $206.00 to $281.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Finally, BMO Capital Markets lifted their price target on shares of Expedia Group from $205.00 to $250.00 in a report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and twenty-five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $265.78.

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 849 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $248.08, for a total value of $210,619.92. Following the sale, the chief accounting officer 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $271.55, for a total value of $814,650.00. Following the sale, the director owned 30,858 shares of the company’s stock, valued at approximately $8,379,489.90. This trade represents a 8.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 4,849 shares of company stock worth $1,283,270 in the last quarter. 9.13% of the stock is owned by company insiders.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.