Volterra Technologies LP Makes New Investment in Expedia Group, Inc. $EXPE

Volterra Technologies LP acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 2,286 shares of the online travel company’s stock, valued at approximately $528,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Motiv8 Investments LLC bought a new stake in shares of Expedia Group during the fourth quarter worth $25,000. Entrust Financial LLC bought a new position in Expedia Group in the fourth quarter valued at about $26,000. JFS Wealth Advisors LLC boosted its holdings in Expedia Group by 78.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after acquiring an additional 44 shares during the last quarter. Lodestone Wealth Management LLC bought a new position in Expedia Group in the fourth quarter valued at about $29,000. Finally, DV Equities LLC acquired a new stake in Expedia Group in the fourth quarter worth about $46,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Piper Sandler boosted their price objective on Expedia Group from $225.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Robert W. Baird raised their target price on shares of Expedia Group from $290.00 to $294.00 and gave the company an “outperform” rating in a research note on Wednesday. Barclays lifted their price target on shares of Expedia Group from $260.00 to $264.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. B. Riley Financial dropped their price target on shares of Expedia Group from $360.00 to $350.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Finally, Citigroup restated a “neutral” rating on shares of Expedia Group in a report on Monday, May 18th. Seventeen equities research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. According to data from MarketBeat.com, Expedia Group has an average rating of “Hold” and a consensus price target of $288.64.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE opened at $257.61 on Friday. The company has a market capitalization of $31.57 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 0.69 and a beta of 1.23. The firm’s 50 day simple moving average is $243.69 and its 200 day simple moving average is $243.88. 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, Inc. has a fifty-two week low of $174.05 and a fifty-two week high of $303.80.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the company earned $0.40 earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, sell-side analysts forecast that Expedia Group, Inc. will post 16.98 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, May 28th. Expedia Group’s dividend payout ratio (DPR) is currently 16.90%.

Insiders Place Their Bets

In related news, CAO Lance A. Soliday sold 940 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the completion of the sale, the chief accounting officer owned 14,083 shares in the company, valued at $3,124,454.38. This represents a 6.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $233.00, for a total value of $1,095,566.00. Following the sale, the insider directly owned 105,448 shares in the company, valued at $24,569,384. The trade was a 4.27% 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 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.