Caxton Associates LLP Grows Stock Holdings in Expedia Group, Inc. $EXPE

Caxton Associates LLP grew its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1,333.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 48,375 shares of the online travel company’s stock after buying an additional 45,000 shares during the quarter. Caxton Associates LLP’s holdings in Expedia Group were worth $8,160,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. OMNI 360 Wealth Inc. bought a new position in Expedia Group during the 2nd quarter valued at approximately $325,000. Korea Investment CORP increased its stake in shares of Expedia Group by 55.1% during the first quarter. Korea Investment CORP now owns 177,934 shares of the online travel company’s stock valued at $29,911,000 after buying an additional 63,244 shares during the period. Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of Expedia Group by 2.6% during the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 107,973 shares of the online travel company’s stock valued at $18,213,000 after acquiring an additional 2,767 shares in the last quarter. Vise Technologies Inc. bought a new position in shares of Expedia Group during the second quarter valued at approximately $2,351,000. Finally, NorthCrest Asset Manangement LLC purchased a new stake in Expedia Group in the second quarter worth $417,000. 90.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of Expedia Group from $220.00 to $256.00 in a research report on Friday, November 7th. The Goldman Sachs Group lifted their target price on shares of Expedia Group from $253.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, November 7th. HSBC raised their price objective on shares of Expedia Group from $232.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Argus lifted their price objective on Expedia Group from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Finally, Robert W. Baird upped their target price on Expedia Group from $240.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-five have issued a Hold rating to the company. Based on data from MarketBeat.com, Expedia Group has a consensus rating of “Hold” and an average target price of $265.78.

Insider Transactions at Expedia Group

In other news, Director Madhumita Moina Banerjee sold 1,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $258.00, for a total value of $258,000.00. Following the sale, the director directly owned 2,916 shares of the company’s stock, valued at approximately $752,328. This represents a 25.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $271.55, for a total value of $814,650.00. Following the completion of the transaction, the director directly owned 30,858 shares of the company’s stock, valued at approximately $8,379,489.90. This represents a 8.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 4,849 shares of company stock valued at $1,283,270. Insiders own 9.13% of the company’s stock.

Expedia Group Price Performance

Shares of EXPE opened at $274.21 on Friday. The stock has a market cap of $33.60 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 1.24 and a beta of 1.44. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.74 and a current ratio of 0.74. Expedia Group, Inc. has a fifty-two week low of $130.01 and a fifty-two week high of $282.96. The firm’s 50-day simple moving average is $239.66 and its two-hundred day simple moving average is $209.24.

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

Expedia Group Dividend Announcement

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

Expedia Group Profile

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.