Tidal Investments LLC Acquires 10,331 Shares of Expedia Group, Inc. $EXPE

Tidal Investments LLC boosted its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 47.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,146 shares of the online travel company’s stock after buying an additional 10,331 shares during the quarter. Tidal Investments LLC’s holdings in Expedia Group were worth $8,226,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of EXPE. Independence Bank of Kentucky raised its holdings in shares of Expedia Group by 0.6% during the second quarter. Independence Bank of Kentucky now owns 5,270 shares of the online travel company’s stock valued at $1,348,000 after purchasing an additional 32 shares during the last quarter. Petredis Investment Advisors LLC grew its position in 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 worth $301,000 after purchasing an additional 40 shares during the period. Beacon Financial Advisory LLC raised its stake in Expedia Group by 3.0% during the 1st quarter. Beacon Financial Advisory LLC now owns 1,628 shares of the online travel company’s stock valued at $376,000 after buying an additional 48 shares during the last quarter. V Square Quantitative Management LLC raised its stake in Expedia Group by 0.7% during the 1st quarter. V Square Quantitative Management LLC now owns 7,389 shares of the online travel company’s stock valued at $1,706,000 after buying an additional 49 shares during the last quarter. Finally, Tucker Asset Management LLC lifted its holdings in shares of Expedia Group by 3.1% during the 2nd quarter. Tucker Asset Management LLC now owns 1,666 shares of the online travel company’s stock valued at $426,000 after buying an additional 50 shares during the period. Institutional investors own 90.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on EXPE. Evercore set a $430.00 price target on Expedia Group in a research note on Monday, August 24th. UBS Group upped their price objective on Expedia Group from $322.00 to $351.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. BTIG Research increased their target price on Expedia Group from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Robert W. Baird set a $335.00 price objective on shares of Expedia Group in a report on Thursday, August 6th. Finally, B. Riley Financial upped their target price on shares of Expedia Group from $350.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Eighteen research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $318.71.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $280.83 on Friday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a 50-day simple moving average of $296.44 and a two-hundred day simple moving average of $256.51. The firm has a market capitalization of $33.71 billion, a PE ratio of 17.51, a P/E/G ratio of 0.69 and a beta of 1.25. Expedia Group, Inc. has a 52-week low of $185.34 and a 52-week high of $342.00.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, topping the consensus estimate of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same quarter last year, the company earned $4.24 earnings per share. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. Analysts forecast that Expedia Group, Inc. will post 17.15 EPS for the current year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, August 27th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 27th. Expedia Group’s dividend payout ratio is currently 11.97%.

Insiders Place Their Bets

In other Expedia Group news, Director Craig A. Jacobson sold 3,133 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 29,832 shares in the company, valued at $9,800,408.64. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 1,004 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $335.00, for a total transaction of $336,340.00. Following the completion of the transaction, the insider owned 104,331 shares of the company’s stock, valued at approximately $34,950,885. The trade was a 0.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 11,950 shares of company stock worth $3,881,995. Company insiders own 5.20% of the company’s stock.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with lodging, transportation, activities and other travel-related services. Its consumer brands include Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these platforms, customers can search for and book hotel stays, vacation rentals, flights, rental cars, cruises, vacation packages and activities.

The company also provides business-to-business travel technology and booking services through its partnerships with airlines, hotels, financial institutions, retailers and other organizations.