Norden Group LLC Purchases 5,265 Shares of Expedia Group, Inc. $EXPE

Norden Group LLC lifted its position in Expedia Group, Inc. (NASDAQ:EXPE) by 18.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 34,047 shares of the online travel company’s stock after acquiring an additional 5,265 shares during the period. Expedia Group comprises 0.7% of Norden Group LLC’s investment portfolio, making the stock its 24th largest holding. Norden Group LLC’s holdings in Expedia Group were worth $7,278,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its stake in Expedia Group by 4.3% in the second quarter. First Horizon Advisors Inc. now owns 1,346 shares of the online travel company’s stock worth $227,000 after purchasing an additional 55 shares during the last quarter. New York Life Investment Management LLC grew its stake in shares of Expedia Group by 0.4% during the second quarter. New York Life Investment Management LLC now owns 16,789 shares of the online travel company’s stock valued at $2,832,000 after buying an additional 64 shares during the last quarter. Hohimer Wealth Management LLC raised its holdings in shares of Expedia Group by 0.3% in the second quarter. Hohimer Wealth Management LLC now owns 26,831 shares of the online travel company’s stock worth $4,526,000 after buying an additional 68 shares during the period. Consilio Wealth Advisors LLC lifted its stake in shares of 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 acquiring an additional 71 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings 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 valued at $323,000 after acquiring an additional 79 shares during the period. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EXPE. Robert W. Baird upped their price objective on Expedia Group from $240.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. TD Cowen upped their price target on shares of Expedia Group from $220.00 to $256.00 in a report on Friday, November 7th. CICC Research raised shares of Expedia Group from a “market perform” rating to an “outperform” rating and set a $271.00 price target on the stock in a research note on Monday, November 10th. KeyCorp assumed coverage on shares of Expedia Group in a research report on Wednesday, October 22nd. They issued a “sector weight” rating for the company. Finally, Citigroup upped their target price on shares of Expedia Group from $206.00 to $281.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and twenty-four have assigned a Hold rating to the company. According to MarketBeat.com, Expedia Group presently has a consensus rating of “Hold” and a consensus price target of $270.66.

Insiders Place Their Bets

In other news, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction on 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. This trade represents a 8.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Lance A. Soliday sold 849 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $248.08, for a total value of $210,619.92. Following the completion of the transaction, the chief accounting officer directly owned 11,662 shares of the company’s stock, valued at approximately $2,893,108.96. The trade was a 6.79% 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. Company insiders own 9.13% of the company’s stock.

Expedia Group Stock Down 0.7%

Shares of Expedia Group stock opened at $286.31 on Thursday. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market cap of $35.08 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 1.30 and a beta of 1.44. The firm’s 50-day moving average is $250.72 and its two-hundred day moving average is $215.78. Expedia Group, Inc. has a 1 year low of $130.01 and a 1 year high of $292.42.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, beating 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 analyst estimates of $4.28 billion. During the same quarter in the previous year, the business posted $6.13 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share 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 paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $1.60 dividend on an annualized basis and a yield of 0.6%. Expedia Group’s payout ratio is 15.31%.

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.