4,148 Expedia Group, Inc. $EXPE Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 12.1% in the third quarter, Holdings Channel reports. The fund owned 38,556 shares of the online travel company’s stock after purchasing an additional 4,148 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Expedia Group were worth $10,154,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Diversify Advisory Services LLC boosted its position in Expedia Group by 171.7% in the third quarter. Diversify Advisory Services LLC now owns 3,943 shares of the online travel company’s stock valued at $1,151,000 after buying an additional 2,492 shares in the last quarter. Seed Wealth Management Inc. bought a new stake in Expedia Group during the 3rd quarter worth $204,000. 55 North Private Wealth LLC grew its position in Expedia Group by 12.9% during the 3rd quarter. 55 North Private Wealth LLC now owns 1,413 shares of the online travel company’s stock worth $372,000 after acquiring an additional 162 shares during the last quarter. Investment Research Partners LLC increased its holdings in Expedia Group by 1.7% in the 3rd quarter. Investment Research Partners LLC now owns 2,205 shares of the online travel company’s stock worth $581,000 after purchasing an additional 37 shares in the last quarter. Finally, Fairvoy Private Wealth LLC bought a new position in Expedia Group in the third quarter valued at about $1,047,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EXPE shares. Citigroup restated a “neutral” rating on shares of Expedia Group in a report on Wednesday, August 12th. BTIG Research reissued a “buy” rating and set a $400.00 target price on shares of Expedia Group in a report on Tuesday, October 6th. B. Riley Financial upped their price target on shares of Expedia Group from $350.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings raised shares of Expedia Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Finally, UBS Group raised their price target on shares of Expedia Group from $322.00 to $351.00 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Eighteen equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $316.37.

Expedia Group Trading Up 4.5%

Shares of EXPE stock opened at $298.49 on Friday. Expedia Group, Inc. has a 1-year low of $185.34 and a 1-year high of $342.00. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21. The stock has a market cap of $35.82 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 0.69 and a beta of 1.36. The stock has a 50-day moving average of $290.69 and a 200-day moving average of $266.56.

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 analysts’ consensus estimates of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.17 billion. During the same period in the previous year, the firm earned $4.24 earnings per share. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. On average, equities research analysts forecast that Expedia Group, Inc. will post 17.26 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th were issued a dividend of $0.48 per share. The ex-dividend date was Thursday, August 27th. This represents a $1.92 annualized dividend and a yield of 0.6%. Expedia Group’s dividend payout ratio (DPR) is presently 11.97%.

Insiders Place Their Bets

In other news, Director Craig A. Jacobson sold 3,133 shares of the company’s stock in a transaction 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 sale, the director directly owned 29,832 shares of the company’s stock, valued at approximately $9,800,408.64. This represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert J. Dzielak sold 3,003 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $315.00, for a total transaction of $945,945.00. Following the completion of the sale, the insider directly owned 103,829 shares in the company, valued at approximately $32,706,135. This represents a 2.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 11,950 shares of company stock worth $3,881,995. 5.20% of the stock is currently owned by insiders.

About Expedia Group

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group’s consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.