Oak Associates Ltd. OH Acquires Shares of 21,585 Expedia Group, Inc. $EXPE

Oak Associates Ltd. OH bought a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the first quarter, HoldingsChannel reports. The institutional investor bought 21,585 shares of the online travel company’s stock, valued at approximately $4,984,000.

A number of other large investors have also recently bought and sold shares of the company. RHS Financial LLC boosted its stake in shares of Expedia Group by 4.0% in the 4th quarter. RHS Financial LLC now owns 1,030 shares of the online travel company’s stock valued at $292,000 after purchasing an additional 40 shares in the last quarter. Petredis Investment Advisors LLC increased its stake in shares of Expedia Group by 3.2% in the first quarter. Petredis Investment Advisors LLC now owns 1,305 shares of the online travel company’s stock valued at $301,000 after buying an additional 40 shares during the period. Geneos Wealth Management Inc. raised its holdings in Expedia Group by 8.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 567 shares of the online travel company’s stock valued at $161,000 after buying an additional 43 shares during the last quarter. JFS Wealth Advisors LLC raised its holdings in Expedia Group by 78.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after buying an additional 44 shares during the last quarter. Finally, Ballentine Partners LLC boosted its position in Expedia Group by 2.2% during the 4th quarter. Ballentine Partners LLC now owns 2,225 shares of the online travel company’s stock worth $630,000 after buying an additional 47 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EXPE shares. The Goldman Sachs Group restated a “buy” rating and issued a $330.00 price target on shares of Expedia Group in a research report on Monday. Robert W. Baird boosted their price objective on shares of Expedia Group from $290.00 to $294.00 and gave the stock an “outperform” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price objective on Expedia Group from $244.00 to $230.00 and set a “hold” rating for the company in a report on Monday, May 18th. Truist Financial lowered their target price on Expedia Group from $252.00 to $246.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Expedia Group in a report on Monday, May 18th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $288.64.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $257.61 on Friday. Expedia Group, Inc. has a twelve month low of $174.05 and a twelve month high of $303.80. The firm has a fifty day simple moving average of $243.69 and a 200 day simple moving average of $243.88. The company has a market capitalization of $31.57 billion, a PE ratio of 22.68, a P/E/G ratio of 0.69 and a beta of 1.23. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $3.35 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. Expedia Group’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, sell-side analysts forecast that Expedia Group, Inc. will post 16.98 EPS for the current year.

Expedia Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were issued a dividend of $0.48 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. Expedia Group’s dividend payout ratio is currently 16.90%.

Insider Buying and Selling

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the transaction, the chief accounting officer directly owned 14,083 shares in the company, valued at approximately $3,124,454.38. This trade represents a 6.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the insider directly owned 105,448 shares in the company, valued at $24,569,384. The trade was a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.20% of the stock is currently owned by corporate insiders.

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.