ABN Amro Investment Solutions Makes New Investment in Expedia Group, Inc. $EXPE

ABN Amro Investment Solutions bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the first quarter, HoldingsChannel reports. The fund bought 5,627 shares of the online travel company’s stock, valued at approximately $1,299,000.

Several other large investors also recently modified their holdings of EXPE. Norges Bank bought a new position in shares of Expedia Group during the fourth quarter worth about $861,979,000. Wellington Management Group LLP lifted its position in Expedia Group by 24,899.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock worth $386,560,000 after buying an additional 1,801,232 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Expedia Group by 25.0% in the 3rd quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock valued at $779,275,000 after acquiring an additional 728,063 shares in the last quarter. First Trust Advisors LP increased its position in shares of Expedia Group by 594.0% in the fourth quarter. First Trust Advisors LP now owns 583,830 shares of the online travel company’s stock valued at $165,405,000 after acquiring an additional 499,706 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of Expedia Group by 55.0% in the fourth quarter. Deutsche Bank AG now owns 1,286,093 shares of the online travel company’s stock valued at $364,363,000 after acquiring an additional 456,176 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Trading Up 0.9%

EXPE stock opened at $259.94 on Friday. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. The company has a fifty day moving average price of $244.54 and a two-hundred day moving average price of $243.99. Expedia Group, Inc. has a one year low of $174.05 and a one year high of $303.80. The stock has a market cap of $31.85 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 0.68 and a beta of 1.23.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. The business had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. Expedia Group’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 EPS. Equities analysts anticipate that Expedia Group, Inc. will post 16.98 EPS for the current year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were given a $0.48 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. Expedia Group’s dividend payout ratio is presently 16.90%.

Insider Activity at Expedia Group

In other news, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the transaction, the insider owned 105,448 shares in the company, valued at approximately $24,569,384. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lance A. Soliday sold 940 shares of Expedia Group stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total value of $208,548.40. Following the sale, the chief accounting officer directly owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Piper Sandler raised their price target on Expedia Group from $225.00 to $245.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Dbs Bank upgraded Expedia Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, May 11th. Wall Street Zen raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Wedbush began coverage on shares of Expedia Group in a report on Thursday, July 16th. They set an “outperform” rating and a $334.00 target price on the stock. Finally, Morgan Stanley upped their price target on shares of Expedia Group from $270.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $288.64.

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.