Expedia Group, Inc. $EXPE Shares Acquired by Meyer Handelman Co.

Meyer Handelman Co. lifted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 11.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,052 shares of the online travel company’s stock after acquiring an additional 5,497 shares during the period. Meyer Handelman Co.’s holdings in Expedia Group were worth $11,340,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Spire Wealth Management boosted 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 valued at $25,000 after acquiring an additional 80 shares in the last quarter. GFG Capital LLC purchased a new position in Expedia Group during the second quarter worth about $29,000. Trust Co. of Toledo NA OH acquired a new stake in Expedia Group in the second quarter valued at about $31,000. Armstrong Advisory Group Inc. lifted its position in Expedia Group by 212.7% in the third quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock valued at $37,000 after purchasing an additional 117 shares during the period. Finally, First Pacific Financial boosted its holdings in Expedia Group by 60.0% in 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 in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Up 0.3%

EXPE opened at $287.56 on Friday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $35.23 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 1.29 and a beta of 1.44. Expedia Group, Inc. has a one year low of $130.01 and a one year high of $292.42. The business’s fifty day moving average is $253.63 and its two-hundred day moving average is $217.04.

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

Expedia Group Dividend Announcement

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

Insider Activity

In related news, Director Madhumita Moina Banerjee sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $258.00, for a total value of $258,000.00. Following the sale, the director owned 2,916 shares of the company’s stock, valued at approximately $752,328. This represents a 25.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $271.55, for a total value of $814,650.00. Following the sale, the director owned 30,858 shares in the company, valued at approximately $8,379,489.90. This trade represents a 8.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,849 shares of company stock worth $1,283,270 over the last ninety days. 9.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EXPE has been the subject of a number of analyst reports. Bank of America increased their target price on Expedia Group from $285.00 to $326.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Piper Sandler raised Expedia Group from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $190.00 to $250.00 in a report on Friday, November 7th. BNP Paribas Exane initiated coverage on Expedia Group in a research report on Monday, November 24th. They issued a “neutral” rating for the company. BMO Capital Markets raised their target price on Expedia Group from $205.00 to $250.00 in a report on Friday, November 7th. Finally, BTIG Research boosted their target price on shares of Expedia Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and twenty-four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Expedia Group has a consensus rating of “Hold” and an average target price of $270.66.

About Expedia Group

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.