Banque Pictet & Cie SA Purchases 8,721 Shares of Expedia Group, Inc. $EXPE

Banque Pictet & Cie SA increased its position in shares of Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 13.5% during the fourth quarter, HoldingsChannel reports. The fund owned 73,479 shares of the online travel company’s stock after buying an additional 8,721 shares during the quarter. Banque Pictet & Cie SA’s holdings in Expedia Group were worth $20,817,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JFS Wealth Advisors LLC increased its position in Expedia Group by 78.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after acquiring an additional 44 shares during the period. Lodestone Wealth Management LLC bought a new stake in shares of Expedia Group in the fourth quarter worth $29,000. Grey Fox Wealth Advisors LLC acquired a new stake in Expedia Group in the third quarter valued at $30,000. Rossby Financial LCC lifted its holdings in Expedia Group by 103.8% during the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after buying an additional 82 shares during the period. Finally, SOA Wealth Advisors LLC. bought a new stake in shares of Expedia Group in the 3rd quarter valued at about $36,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Down 1.4%

Expedia Group stock opened at $227.67 on Thursday. The firm has a market capitalization of $27.90 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 0.72 and a beta of 1.33. The firm’s fifty day moving average price is $233.07 and its two-hundred day moving average price is $244.80. Expedia Group, Inc. has a 1-year low of $130.01 and a 1-year 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.

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

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. This is a positive change from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s payout ratio is presently 19.49%.

Analyst Ratings Changes

A number of research firms recently commented on EXPE. DA Davidson cut their price objective on Expedia Group from $294.00 to $260.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft set a $244.00 target price on shares of Expedia Group in a research note on Friday, February 13th. Wedbush reaffirmed a “neutral” rating and set a $260.00 price target on shares of Expedia Group in a research report on Tuesday, February 17th. Truist Financial raised their target price on Expedia Group from $210.00 to $252.00 and gave the stock a “hold” rating in a research note on Tuesday, February 10th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $225.00 price objective (down from $250.00) on shares of Expedia Group in a research report on Friday, February 13th. Fourteen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $282.65.

Get Our Latest Analysis on EXPE

Insider Buying and Selling at Expedia Group

In related news, insider Robert J. Dzielak sold 8,225 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 102,480 shares in the company, valued at approximately $22,629,633.60. The trade was a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.13% of the stock is owned by insiders.

Key Expedia Group News

Here are the key news stories impacting Expedia Group this week:

About Expedia Group

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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