Expedia Group, Inc. $EXPE Stock Position Raised by Allstate Corp

Allstate Corp raised its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 107.4% in the fourth quarter, Holdings Channel reports. The firm owned 8,936 shares of the online travel company’s stock after buying an additional 4,628 shares during the period. Allstate Corp’s holdings in Expedia Group were worth $2,532,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of Expedia Group by 24,899.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after acquiring an additional 1,801,232 shares in the last quarter. AQR Capital Management LLC raised its stake 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. Voloridge Investment Management LLC raised its stake in shares of Expedia Group by 465.6% in the 3rd quarter. Voloridge Investment Management LLC now owns 452,867 shares of the online travel company’s stock valued at $96,800,000 after acquiring an additional 372,798 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Expedia Group by 1,933.8% in the 3rd quarter. Tidal Investments LLC now owns 357,635 shares of the online travel company’s stock valued at $76,444,000 after acquiring an additional 340,050 shares in the last quarter. Finally, Windacre Partnership LLC raised its stake in shares of Expedia Group by 9.2% in the 3rd quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock valued at $787,049,000 after acquiring an additional 309,900 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Stock Up 1.6%

Shares of EXPE opened at $226.56 on Thursday. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73. The company has a 50-day simple moving average of $235.86 and a 200-day simple moving average of $249.56. Expedia Group, Inc. has a 52 week low of $160.00 and a 52 week high of $303.80. The firm has a market capitalization of $27.76 billion, a P/E ratio of 19.94, a P/E/G ratio of 0.69 and a beta of 1.30.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter last year, the company earned $0.40 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. On average, equities research analysts expect that Expedia Group, Inc. will post 16.76 earnings per share for the current year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, May 28th. Expedia Group’s dividend payout ratio (DPR) is presently 16.90%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on EXPE shares. The Goldman Sachs Group raised their price objective on Expedia Group from $325.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Truist Financial cut their price objective on Expedia Group from $252.00 to $246.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. B. Riley Financial cut their price objective on Expedia Group from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Zacks Research downgraded Expedia Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, Wall Street Zen raised Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Sixteen analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $284.42.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 8,225 shares of Expedia Group stock in a transaction that occurred on Wednesday, March 4th. The stock was 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 of the company’s stock, valued at approximately $22,629,633.60. This trade represents a 7.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.20% 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.