Vivid Wealth Management LLC Makes New Investment in Expedia Group, Inc. $EXPE

by · The Cerbat Gem

Vivid Wealth Management LLC purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,845 shares of the online travel company’s stock, valued at approximately $2,532,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXPE. Concurrent Investment Advisors LLC lifted its stake in shares of Expedia Group by 51.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 2,802 shares of the online travel company’s stock valued at $599,000 after buying an additional 950 shares in the last quarter. Quent Capital LLC bought a new stake in Expedia Group during the third quarter valued at about $149,000. Nordea Investment Management AB lifted its position in shares of Expedia Group by 2.5% in the third quarter. Nordea Investment Management AB now owns 62,899 shares of the online travel company’s stock valued at $13,335,000 after acquiring an additional 1,553 shares in the last quarter. ZEGA Investments LLC purchased a new position in shares of Expedia Group in the third quarter valued at about $969,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Expedia Group by 0.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 297,555 shares of the online travel company’s stock worth $63,602,000 after acquiring an additional 844 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EXPE. Royal Bank Of Canada lifted their target price on Expedia Group from $260.00 to $290.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 17th. Robert W. Baird increased their price objective on shares of Expedia Group from $240.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, November 7th. CICC Research upgraded shares of Expedia Group from a “market perform” rating to an “outperform” rating and set a $271.00 price objective on the stock in a research report on Monday, November 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Expedia Group in a report on Monday, December 29th. Finally, Wedbush upped their target price on shares of Expedia Group from $250.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-four have given a Hold rating to the company. According to MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and an average target price of $280.61.

Read Our Latest Research Report on Expedia Group

Expedia Group Stock Performance

NASDAQ:EXPE opened at $291.53 on Tuesday. The firm has a market capitalization of $35.72 billion, a PE ratio of 27.90, a PEG ratio of 1.07 and a beta of 1.43. The stock’s fifty day moving average is $268.94 and its 200 day moving average is $227.32. Expedia Group, Inc. has a fifty-two week low of $130.01 and a fifty-two week high of $303.80. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.74 and a current ratio of 0.74.

Expedia Group (NASDAQ:EXPE – Get Free Report) last announced its earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $7.10 by $0.47. Expedia Group had a net margin of 9.66% and a return on equity of 64.15%. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the firm posted $6.13 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, November 19th. Expedia Group’s dividend payout ratio (DPR) is currently 15.31%.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 849 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $248.08, for a total value of $210,619.92. Following the transaction, the chief accounting officer directly owned 11,662 shares in the company, valued at $2,893,108.96. This represents a 6.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Madhumita Moina Banerjee sold 1,000 shares of Expedia Group stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $258.00, for a total transaction of $258,000.00. Following the sale, the director directly owned 2,916 shares of the company’s stock, valued at $752,328. This represents a 25.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,849 shares of company stock valued at $1,283,270 in the last three months. Company insiders own 9.13% of the company’s stock.

Expedia Group Profile

(Free Report)

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.

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