Riversedge Advisors LLC Buys New Holdings in Expedia Group, Inc. $EXPE

Riversedge Advisors LLC purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 2,229 shares of the online travel company’s stock, valued at approximately $476,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXPE. Spire Wealth Management grew its holdings in shares of Expedia Group by 114.3% in the second quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock worth $25,000 after purchasing an additional 80 shares during the last quarter. GFG Capital LLC purchased a new position in shares of Expedia Group in the second quarter valued at about $29,000. Trust Co. of Toledo NA OH purchased a new position in shares of Expedia Group in the second quarter valued at about $31,000. Armstrong Advisory Group Inc. raised its stake in shares of Expedia Group by 212.7% during the third quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock valued at $37,000 after acquiring an additional 117 shares during the last quarter. Finally, First Pacific Financial raised its position in Expedia Group by 60.0% during the 2nd quarter. First Pacific Financial now owns 240 shares of the online travel company’s stock valued at $40,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Insider Buying and Selling at Expedia Group

In related news, CAO Lance A. Soliday sold 849 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $248.08, for a total transaction of $210,619.92. Following the sale, the chief accounting officer directly owned 11,662 shares of the company’s stock, valued at $2,893,108.96. This trade represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $271.55, for a total value of $814,650.00. Following the completion of the sale, the director owned 30,858 shares of the company’s stock, valued at $8,379,489.90. The trade was a 8.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 4,849 shares of company stock worth $1,283,270. Insiders own 9.13% of the company’s stock.

Analyst Upgrades and Downgrades

EXPE has been the subject of a number of recent analyst reports. BNP Paribas Exane assumed coverage on Expedia Group in a report on Monday, November 24th. They set a “neutral” rating for the company. Argus upped their price objective on shares of Expedia Group from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Cantor Fitzgerald raised their target price on shares of Expedia Group from $220.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Oppenheimer boosted their price target on shares of Expedia Group from $250.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, TD Cowen raised their price objective on shares of Expedia Group from $220.00 to $256.00 in a report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and twenty-four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $266.72.

Expedia Group Stock Performance

Shares of EXPE stock opened at $285.59 on Friday. The company has a market capitalization of $34.99 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.74 and a current ratio of 0.74. Expedia Group, Inc. has a one year low of $130.01 and a one year high of $289.98. The company’s 50-day moving average is $245.01 and its 200 day moving average is $212.21.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.10 by $0.47. Expedia Group had a net margin of 9.66% and a return on equity of 64.15%. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the previous year, the company earned $6.13 earnings per share. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Sell-side analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $1.60 annualized dividend and a yield of 0.6%. Expedia Group’s dividend payout ratio is 15.31%.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.