Expedia Group, Inc. $EXPE Stock Holdings Raised by Ritholtz Wealth Management

Ritholtz Wealth Management increased its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 10.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,320 shares of the online travel company’s stock after buying an additional 3,462 shares during the quarter. Ritholtz Wealth Management’s holdings in Expedia Group were worth $9,565,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. First Trust Advisors LP increased its holdings in Expedia Group by 104.1% during the first quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock worth $275,112,000 after buying an additional 607,698 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Expedia Group by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,190,874 shares of the online travel company’s stock worth $274,948,000 after acquiring an additional 17,378 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Expedia Group by 13.3% in the first quarter. Pacer Advisors Inc. now owns 1,069,524 shares of the online travel company’s stock valued at $246,942,000 after acquiring an additional 125,749 shares during the last quarter. Wellington Management Group LLP lifted its stake in Expedia Group by 67.7% in the second quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company’s stock valued at $199,622,000 after acquiring an additional 314,984 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Expedia Group in the second quarter valued at $166,203,000. 90.76% of the stock is owned by institutional investors.

Expedia Group Stock Up 2.4%

EXPE opened at $259.79 on Thursday. The stock’s fifty day simple moving average is $278.24 and its 200 day simple moving average is $259.23. Expedia Group, Inc. has a 1-year low of $185.34 and a 1-year high of $342.00. The stock has a market cap of $31.18 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 0.60 and a beta of 1.39. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.62.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Wednesday, November 4th. The online travel company reported $9.39 EPS for the quarter, topping analysts’ consensus estimates of $8.85 by $0.54. Expedia Group had a net margin of 12.98% and a return on equity of 91.03%. The firm had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.73 billion. During the same period in the previous year, the business posted $7.57 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, research analysts expect that Expedia Group, Inc. will post 17.37 earnings per share for the current year.

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be paid 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 is Wednesday, November 18th. Expedia Group’s dividend payout ratio (DPR) is currently 11.21%.

Analyst Ratings Changes

EXPE has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Expedia Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Wedbush dropped their target price on shares of Expedia Group from $417.00 to $384.00 and set an “outperform” rating on the stock in a report on Thursday, November 5th. Evercore reiterated an “outperform” rating on shares of Expedia Group in a research note on Thursday, November 5th. B. Riley Financial lifted their price target on Expedia Group from $350.00 to $390.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Royal Bank Of Canada lifted their price target on Expedia Group from $290.00 to $330.00 and gave the stock a “sector perform” rating in a report on Thursday, August 6th. Fifteen research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and a consensus price target of $316.00.

Insider Transactions at Expedia Group

In related news, CAO Lance Soliday sold 2,810 shares of Expedia Group stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total transaction of $909,456.50. Following the completion of the sale, the chief accounting officer owned 12,006 shares of the company’s stock, valued at approximately $3,885,741.90. The trade was a 18.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert Dzielak sold 1,004 shares of Expedia Group stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $335.00, for a total transaction of $336,340.00. Following the sale, the insider directly owned 104,331 shares of the company’s stock, valued at $34,950,885. The trade was a 0.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 5,814 shares of company stock valued at $1,906,796. 5.20% of the stock is currently owned by corporate insiders.

About Expedia Group

Expedia Group, Inc. is an online travel company that connects travelers with lodging, flights, rental cars, cruises, vacation packages and activities. Its consumer-facing brands include Expedia, Hotels.com and Vrbo, which specializes in vacation rentals. The company also provides travel technology and booking services to business partners. Founded in 1996 as a division of Microsoft, Expedia became an independent public company in 1999. It serves travelers and lodging partners in markets around the world through its websites and mobile apps.