Blue Capital Inc. Acquires New Position in Expedia Group, Inc. $EXPE

Blue Capital Inc. purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,929 shares of the online travel company’s stock, valued at approximately $676,000.

Other hedge funds have also recently made changes to their positions in the company. Keybank National Association OH raised its holdings in Expedia Group by 175.6% during the 1st quarter. Keybank National Association OH now owns 6,130 shares of the online travel company’s stock valued at $1,415,000 after buying an additional 3,906 shares during the last quarter. Stock Yards Bank & Trust Co. raised its position in Expedia Group by 1.5% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 180,324 shares of the online travel company’s stock valued at $41,635,000 after purchasing an additional 2,729 shares during the last quarter. USS Investment Management Ltd lifted its holdings in Expedia Group by 4.7% in the 1st quarter. USS Investment Management Ltd now owns 22,551 shares of the online travel company’s stock worth $5,204,000 after buying an additional 1,021 shares during the period. IFM Investors Pty Ltd lifted its holdings in Expedia Group by 9.1% in the 1st quarter. IFM Investors Pty Ltd now owns 23,136 shares of the online travel company’s stock worth $5,342,000 after buying an additional 1,924 shares during the period. Finally, iA Global Asset Management Inc. grew its position in shares of Expedia Group by 41.6% in the 1st quarter. iA Global Asset Management Inc. now owns 23,328 shares of the online travel company’s stock worth $5,386,000 after buying an additional 6,850 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Insider Activity

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

Expedia Group Trading Up 1.6%

Shares of NASDAQ EXPE opened at $268.69 on Friday. Expedia Group, Inc. has a 1 year low of $171.27 and a 1 year high of $303.80. 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 firm has a 50-day moving average of $236.03 and a 200 day moving average of $245.95. The stock has a market cap of $32.93 billion, a P/E ratio of 23.65, a price-to-earnings-growth ratio of 0.70 and a beta of 1.23.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the prior year, the company earned $0.40 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. As a group, sell-side analysts expect that Expedia Group, Inc. will post 16.98 EPS for the current fiscal year.

Expedia Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on EXPE. Barclays upped their target price on Expedia Group from $260.00 to $264.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Piper Sandler lifted their price target on shares of Expedia Group from $225.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Gordon Haskett reduced their price objective on shares of Expedia Group from $320.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. UBS Group decreased their price objective on shares of Expedia Group from $266.00 to $262.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Finally, Jefferies Financial Group raised shares of Expedia Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $240.00 to $300.00 in a research report on Monday, March 30th. Sixteen equities research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $284.30.

Expedia Group 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.