CoreCap Advisors LLC Boosts Stock Position in Expedia Group, Inc. $EXPE

CoreCap Advisors LLC raised its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 368.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,440 shares of the online travel company’s stock after purchasing an additional 2,705 shares during the period. CoreCap Advisors LLC’s holdings in Expedia Group were worth $735,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in EXPE. First Horizon Advisors Inc. boosted its position in shares of Expedia Group by 4.3% during the second quarter. First Horizon Advisors Inc. now owns 1,346 shares of the online travel company’s stock worth $227,000 after acquiring an additional 55 shares during the last quarter. Blue Trust Inc. increased its position in Expedia Group by 8.0% in the third quarter. Blue Trust Inc. now owns 745 shares of the online travel company’s stock worth $159,000 after purchasing an additional 55 shares during the last quarter. New York Life Investment Management LLC lifted its position in Expedia Group by 0.4% during the second quarter. New York Life Investment Management LLC now owns 16,789 shares of the online travel company’s stock valued at $2,832,000 after purchasing an additional 64 shares during the last quarter. Hohimer Wealth Management LLC lifted its position in Expedia Group by 0.3% during the second quarter. Hohimer Wealth Management LLC now owns 26,831 shares of the online travel company’s stock valued at $4,526,000 after purchasing an additional 68 shares during the last quarter. Finally, Consilio Wealth Advisors LLC grew its stake in shares of Expedia Group by 4.1% in the 2nd quarter. Consilio Wealth Advisors LLC now owns 1,786 shares of the online travel company’s stock worth $305,000 after buying an additional 71 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EXPE. Piper Sandler raised shares of Expedia Group from an “underweight” rating to a “neutral” rating and increased their price target for the company from $190.00 to $250.00 in a report on Friday, November 7th. Bank of America raised their price objective on shares of Expedia Group from $285.00 to $326.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Robert W. Baird upped their target price on Expedia Group from $240.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Jefferies Financial Group raised their price target on Expedia Group from $270.00 to $285.00 and gave the stock a “hold” rating in a research note on Thursday, December 11th. Finally, Wells Fargo & Company boosted their price objective on Expedia Group from $272.00 to $329.00 and gave the company an “equal weight” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and twenty-four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $278.68.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE opened at $296.33 on Friday. Expedia Group, Inc. has a 52 week low of $130.01 and a 52 week high of $303.80. The firm has a 50 day moving average of $267.43 and a 200 day moving average of $225.62. The company has a market capitalization of $36.31 billion, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 1.09 and a beta of 1.43. 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 (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, November 6th. The online travel company reported $7.57 earnings per share for the quarter, topping analysts’ consensus estimates of $7.10 by $0.47. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the prior year, the business posted $6.13 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were given a dividend of $0.40 per share. 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 0.5%. Expedia Group’s dividend payout ratio is presently 15.31%.

Insider Activity

In other news, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’s 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 completion of the sale, the director owned 2,916 shares of the company’s stock, valued at $752,328. This trade represents a 25.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of the firm’s 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 sale, 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. In the last quarter, insiders sold 4,849 shares of company stock worth $1,283,270. Insiders own 9.13% of the company’s stock.

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.