Financiere des Professionnels Fonds d investissement inc. Raises Holdings in Expedia Group, Inc. $EXPE

Financiere des Professionnels Fonds d investissement inc. lifted its position in Expedia Group, Inc. (NASDAQ:EXPE) by 35.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,990 shares of the online travel company’s stock after acquiring an additional 2,853 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Expedia Group were worth $2,537,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in EXPE. Independent Financial Group LLC purchased a new position in Expedia Group during the 1st quarter valued at about $479,000. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of Expedia Group in the 1st quarter worth approximately $3,872,000. Wealthfront Advisers LLC lifted its position in shares of Expedia Group by 73.7% in the 1st quarter. Wealthfront Advisers LLC now owns 43,014 shares of the online travel company’s stock worth $9,932,000 after purchasing an additional 18,252 shares during the period. D.A. Davidson & CO. boosted its stake in shares of Expedia Group by 1.0% during the first quarter. D.A. Davidson & CO. now owns 22,674 shares of the online travel company’s stock valued at $5,235,000 after purchasing an additional 216 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its stake in shares of Expedia Group by 1.9% during the first quarter. Illinois Municipal Retirement Fund now owns 110,782 shares of the online travel company’s stock valued at $25,578,000 after purchasing an additional 2,050 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 4,702 shares of the business’s stock in a transaction that occurred on 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 sale, the insider owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. The trade was a 4.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Lance A. Soliday sold 940 shares of the business’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 sale, the chief accounting officer directly owned 14,083 shares in the company, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 5.20% of the company’s stock.

Expedia Group Stock Up 1.4%

Shares of EXPE stock opened at $270.95 on Friday. The stock’s fifty day moving average price is $239.49 and its 200 day moving average price is $244.61. Expedia Group, Inc. has a 1-year low of $174.05 and a 1-year high of $303.80. The company has a market cap of $33.20 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 0.70 and a beta of 1.23. 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 released its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates 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%.The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. On average, research analysts expect that Expedia Group, Inc. will post 16.98 earnings per share for the current fiscal 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 16.90%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Expedia Group from $270.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Robert W. Baird set a $290.00 target price on Expedia Group in a research report on Friday, May 8th. DA Davidson cut their price target on Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Zacks Research lowered Expedia Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Wall Street Zen upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $288.82.

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.