Expedia Group, Inc. $EXPE Stake Boosted by Cibc World Market Inc.

Cibc World Market Inc. lifted its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 47.2% during the third quarter, HoldingsChannel reports. The fund owned 8,698 shares of the online travel company’s stock after purchasing an additional 2,789 shares during the quarter. Cibc World Market Inc.’s holdings in Expedia Group were worth $1,859,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Expedia Group by 0.7% in the second quarter. Vanguard Group Inc. now owns 15,304,305 shares of the online travel company’s stock valued at $2,581,530,000 after purchasing an additional 102,494 shares in the last quarter. Norges Bank acquired a new stake in shares of Expedia Group during the 2nd quarter valued at about $663,882,000. Geode Capital Management LLC grew its stake in shares of Expedia Group by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 3,414,935 shares of the online travel company’s stock valued at $574,364,000 after buying an additional 58,244 shares in the last quarter. AQR Capital Management LLC increased its holdings in 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 buying an additional 1,473,386 shares during the last quarter. Finally, Alkeon Capital Management LLC raised its position in Expedia Group by 4.2% during the second quarter. Alkeon Capital Management LLC now owns 2,475,276 shares of the online travel company’s stock valued at $417,530,000 after acquiring an additional 100,000 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EXPE has been the subject of several recent research reports. BNP Paribas Exane assumed coverage on shares of Expedia Group in a research report on Monday, November 24th. They issued a “hold” rating for the company. BTIG Research reiterated a “buy” rating and issued a $330.00 price objective on shares of Expedia Group in a report on Friday. Bank of America raised their target price on Expedia Group from $303.00 to $306.00 and gave the company a “buy” rating in a report on Friday. The Goldman Sachs Group upped their price target on Expedia Group from $325.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Susquehanna increased their price objective on Expedia Group from $200.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, November 10th. Fourteen analysts have rated the stock with a Buy rating and twenty-one have given a Hold rating to the company. According to data from MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and a consensus target price of $288.23.

Expedia Group Trading Down 6.4%

Shares of Expedia Group stock opened at $212.67 on Tuesday. The company has a market cap of $26.06 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 0.66 and a beta of 1.42. Expedia Group, Inc. has a 1 year low of $130.01 and a 1 year high of $303.80. The company’s fifty day simple moving average is $272.36 and its 200-day simple moving average is $241.06. The company has a current ratio of 0.73, a quick ratio of 0.74 and a debt-to-equity ratio of 1.75.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.46. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same period last year, the business posted $2.39 EPS. The business’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, sell-side analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be given a $0.48 dividend. The ex-dividend date is Thursday, March 5th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s dividend payout ratio is 16.24%.

Insider Activity at Expedia Group

In related 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 transaction, the director directly owned 2,916 shares of the company’s stock, valued at $752,328. This trade represents a 25.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 849 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $248.08, for a total transaction of $210,619.92. Following the completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. 9.13% of the stock is currently owned by company insiders.

About Expedia Group

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.