Teamwork Financial Advisors LLC Invests $11.29 Million in Expedia Group, Inc. $EXPE

Teamwork Financial Advisors LLC acquired a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 52,817 shares of the online travel company’s stock, valued at approximately $11,290,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. First Horizon Advisors Inc. grew its holdings in shares of Expedia Group by 4.3% during the second quarter. First Horizon Advisors Inc. now owns 1,346 shares of the online travel company’s stock valued at $227,000 after purchasing an additional 55 shares during the last quarter. New York Life Investment Management LLC lifted its holdings in shares of Expedia Group by 0.4% in the 2nd quarter. New York Life Investment Management LLC now owns 16,789 shares of the online travel company’s stock worth $2,832,000 after purchasing an additional 64 shares during the last quarter. Hohimer Wealth Management LLC boosted its position in Expedia Group by 0.3% during the 2nd quarter. Hohimer Wealth Management LLC now owns 26,831 shares of the online travel company’s stock valued at $4,526,000 after purchasing an additional 68 shares during the period. Consilio Wealth Advisors LLC grew its stake in Expedia Group by 4.1% during the 2nd quarter. Consilio Wealth Advisors LLC now owns 1,786 shares of the online travel company’s stock worth $305,000 after buying an additional 71 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its stake in Expedia Group by 4.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 1,916 shares of the online travel company’s stock worth $323,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Trading Up 1.0%

Shares of NASDAQ:EXPE opened at $285.59 on Friday. The company has a 50 day moving average of $245.01 and a 200-day moving average of $212.21. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.72. The firm has a market cap of $34.99 billion, a P/E ratio of 27.33, a P/E/G ratio of 1.28 and a beta of 1.44. Expedia Group, Inc. has a twelve month low of $130.01 and a twelve month high of $289.98.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, beating analysts’ consensus estimates of $7.10 by $0.47. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.28 billion. Expedia Group had a net margin of 9.66% and a return on equity of 64.15%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the business earned $6.13 earnings per share. As a group, analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

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

Insider Activity

In related news, CAO Lance A. Soliday sold 849 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $248.08, for a total transaction of $210,619.92. Following the completion of the transaction, the chief accounting officer 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 sale was disclosed in a filing with the SEC, which is available through 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 transaction, the director directly owned 30,858 shares in the company, valued at approximately $8,379,489.90. The trade was a 8.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,849 shares of company stock worth $1,283,270 over the last 90 days. 9.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. DA Davidson reiterated a “neutral” rating and issued a $294.00 target price on shares of Expedia Group in a research note on Thursday, December 11th. BTIG Research increased their price objective on shares of Expedia Group from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Barclays boosted their target price on shares of Expedia Group from $197.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. B. Riley raised their price target on shares of Expedia Group from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Wedbush lifted their price target on Expedia Group from $230.00 to $250.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and twenty-four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $266.72.

Expedia Group Profile

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.