Heartland Bank & Trust Co Acquires Shares of 3,991 Expedia Group, Inc. $EXPE

Heartland Bank & Trust Co bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 3,991 shares of the online travel company’s stock, valued at approximately $1,021,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Motiv8 Investments LLC purchased a new position in Expedia Group in the 4th quarter valued at $25,000. Entrust Financial LLC purchased a new stake in Expedia Group in the fourth quarter valued at $26,000. Sunbelt Securities Inc. lifted its position in Expedia Group by 970.6% in the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock valued at $39,000 after buying an additional 165 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake in Expedia Group by 272.9% during the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock worth $46,000 after purchasing an additional 131 shares in the last quarter. Finally, DV Equities LLC acquired a new position in shares of Expedia Group in the fourth quarter valued at approximately $46,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Craig A. Jacobson sold 3,133 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $328.52, for a total value of $1,029,253.16. Following the transaction, the director directly owned 29,832 shares in the company, valued at approximately $9,800,408.64. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lance A. Soliday sold 2,810 shares of Expedia Group stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total value of $909,456.50. Following the completion of the transaction, the chief accounting officer directly owned 12,006 shares of the company’s stock, valued at $3,885,741.90. This represents a 18.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,588 shares of company stock worth $4,849,769 in the last 90 days. Company insiders own 5.20% of the company’s stock.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $321.63 on Friday. The firm has a 50 day moving average of $280.28 and a 200-day moving average of $248.08. The stock has a market capitalization of $38.60 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 0.79 and a beta of 1.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21. Expedia Group, Inc. has a 1 year low of $185.34 and a 1 year high of $335.00.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, topping analysts’ consensus estimates of $5.22 by $0.54. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.17 billion. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.24 earnings per share. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 17.15 EPS for the current fiscal year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, August 27th will be paid a $0.48 dividend. The ex-dividend date is Thursday, August 27th. This represents a $1.92 dividend on an annualized basis and a yield of 0.6%. Expedia Group’s dividend payout ratio is 11.97%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Argus boosted their target price on Expedia Group from $270.00 to $315.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Piper Sandler reiterated a “neutral” rating and issued a $325.00 target price (up from $245.00) on shares of Expedia Group in a research note on Thursday, August 6th. Bank of America reiterated a “buy” rating on shares of Expedia Group in a research note on Thursday, August 6th. Susquehanna raised their target price on Expedia Group from $250.00 to $315.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, B. Riley Financial raised their price objective on Expedia Group from $350.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Seventeen equities research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company. Based on data from MarketBeat.com, Expedia Group has a consensus rating of “Hold” and a consensus target price of $314.27.

Expedia Group 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.