WT Wealth Management Buys Shares of 7,373 Expedia Group, Inc. $EXPE

WT Wealth Management purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the 1st quarter, Holdings Channel reports. The firm purchased 7,373 shares of the online travel company’s stock, valued at approximately $1,702,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Orion Porfolio Solutions LLC boosted its position in Expedia Group by 0.4% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 9,814 shares of the online travel company’s stock worth $2,098,000 after acquiring an additional 38 shares during the period. RHS Financial LLC raised its stake in shares of Expedia Group by 4.0% during the fourth quarter. RHS Financial LLC now owns 1,030 shares of the online travel company’s stock valued at $292,000 after purchasing an additional 40 shares in the last quarter. Petredis Investment Advisors LLC lifted its holdings in Expedia Group by 3.2% in the first 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. Geneos Wealth Management Inc. grew its position in Expedia Group by 8.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 567 shares of the online travel company’s stock valued at $161,000 after buying an additional 43 shares in the last quarter. Finally, Harbor Investment Advisory LLC grew its position in Expedia Group by 16.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 319 shares of the online travel company’s stock valued at $90,000 after buying an additional 44 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Expedia Group Stock Up 4.9%

Shares of Expedia Group stock opened at $263.29 on Friday. Expedia Group, Inc. has a 12-month low of $166.22 and a 12-month high of $303.80. The firm has a market capitalization of $32.26 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 0.66 and a beta of 1.25. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. The stock’s fifty day moving average is $236.29 and its 200-day moving average is $246.33.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the previous year, the company earned $0.40 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. Equities analysts anticipate 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 issued a dividend of $0.48 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. Expedia Group’s payout ratio is currently 16.90%.

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 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 directly owned 105,448 shares of the company’s stock, valued at $24,569,384. The trade was a 4.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was 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 directly owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This trade represents a 6.26% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EXPE shares. Cantor Fitzgerald restated a “neutral” rating and set a $240.00 price target on shares of Expedia Group in a research report on Monday, April 27th. Wall Street Zen raised Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Sanford C. Bernstein cut their target price on Expedia Group from $256.00 to $253.00 and set a “market perform” rating for the company in a research report on Wednesday, March 11th. Zacks Research lowered Expedia Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, DA Davidson lowered their price target on Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Sixteen analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $284.42.

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.