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

CoreCap Advisors LLC lifted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 206.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,530 shares of the online travel company’s stock after acquiring an additional 7,090 shares during the quarter. CoreCap Advisors LLC’s holdings in Expedia Group were worth $2,983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new position in Expedia Group in the 2nd quarter valued at approximately $663,882,000. Wellington Management Group LLP lifted its position 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 acquiring an additional 1,801,232 shares in the last quarter. AQR Capital Management LLC boosted its holdings 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 acquiring an additional 1,473,386 shares during the period. Voloridge Investment Management LLC boosted its holdings 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 acquiring an additional 372,798 shares during the period. Finally, Tidal Investments LLC grew its position in shares of Expedia Group by 1,933.8% in the third quarter. Tidal Investments LLC now owns 357,635 shares of the online travel company’s stock valued at $76,444,000 after purchasing an additional 340,050 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Expedia Group

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

Expedia Group Stock Performance

Shares of EXPE opened at $225.81 on Friday. Expedia Group, Inc. has a 12-month low of $130.01 and a 12-month high of $303.80. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.75. The company has a market cap of $27.67 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 0.73 and a beta of 1.41. The stock has a 50-day moving average price of $235.95 and a 200-day moving average price of $244.43.

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

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 5th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s payout ratio is currently 19.49%.

Analyst Upgrades and Downgrades

EXPE has been the topic of a number of recent research reports. Barclays increased their price objective on Expedia Group from $245.00 to $260.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. B. Riley Financial upped their price target on Expedia Group from $300.00 to $360.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Citizens Jmp reissued a “market perform” rating on shares of Expedia Group in a report on Tuesday, February 17th. Wedbush reaffirmed a “neutral” rating and set a $260.00 price objective on shares of Expedia Group in a research note on Tuesday, February 17th. Finally, Wells Fargo & Company decreased their target price on shares of Expedia Group from $329.00 to $315.00 and set an “equal weight” rating on the stock in a report on Friday, February 13th. Thirteen analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $282.29.

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.