Pacer Advisors Inc. Buys 125,749 Shares of Expedia Group, Inc. $EXPE

Pacer Advisors Inc. raised its position in Expedia Group, Inc. (NASDAQ:EXPE) by 13.3% in the 1st quarter, Holdings Channel reports. The firm owned 1,069,524 shares of the online travel company’s stock after buying an additional 125,749 shares during the period. Pacer Advisors Inc.’s holdings in Expedia Group were worth $246,942,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EXPE. Petredis Investment Advisors LLC increased its position in shares of Expedia Group by 3.2% in the 1st 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 in the last quarter. Geneos Wealth Management Inc. raised its stake in Expedia Group by 8.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 567 shares of the online travel company’s stock worth $161,000 after buying an additional 43 shares during the period. Ballentine Partners LLC lifted its holdings in Expedia Group by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 2,225 shares of the online travel company’s stock worth $630,000 after acquiring an additional 47 shares in the last quarter. Beacon Financial Advisory LLC lifted its holdings in Expedia Group by 3.0% during the first quarter. Beacon Financial Advisory LLC now owns 1,628 shares of the online travel company’s stock worth $376,000 after acquiring an additional 48 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in Expedia Group by 0.7% during the first quarter. V Square Quantitative Management LLC now owns 7,389 shares of the online travel company’s stock worth $1,706,000 after acquiring an additional 49 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. B. Riley Financial lowered their price target on Expedia Group from $360.00 to $350.00 and set a “buy” rating for the company in a report on Monday, April 27th. Barclays lifted their price objective on Expedia Group from $260.00 to $264.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $255.00 price objective on shares of Expedia Group in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft lowered their target price on Expedia Group from $244.00 to $230.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Finally, Gordon Haskett dropped their target price on shares of Expedia Group from $320.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have issued 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 $290.76.

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer owned 14,083 shares of the company’s stock, valued at $3,124,454.38. This represents a 6.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was 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 of the company’s stock, valued at $24,569,384. This represents a 4.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 5.20% of the company’s stock.

Expedia Group Stock Performance

EXPE opened at $294.74 on Monday. The business’s 50-day moving average price is $252.25 and its two-hundred day moving average price is $243.55. Expedia Group, Inc. has a 1 year low of $174.05 and a 1 year high of $312.40. The company has a market capitalization of $36.12 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 0.77 and a beta of 1.22. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.55. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.Expedia Group’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share. Equities analysts expect that Expedia Group, Inc. will post 17.04 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th were paid a $0.48 dividend. The ex-dividend date was Thursday, May 28th. This represents a $1.92 annualized dividend and a yield of 0.7%. Expedia Group’s payout ratio is presently 16.90%.

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.