Fernwood Investment Management LLC Acquires Shares of 1,645 Expedia Group Inc (EXPE)

Fernwood Investment Management LLC acquired a new stake in Expedia Group Inc (NASDAQ:EXPE) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,645 shares of the online travel company’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Dupont Capital Management Corp boosted its position in Expedia Group by 62.8% during the second quarter. Dupont Capital Management Corp now owns 1,410 shares of the online travel company’s stock worth $169,000 after purchasing an additional 544 shares during the period. Advisor Partners LLC bought a new position in Expedia Group during the third quarter worth $203,000. Buckley Wealth Management LLC bought a new position in Expedia Group during the third quarter worth $203,000. Acadian Asset Management LLC bought a new position in Expedia Group during the third quarter worth $206,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in Expedia Group during the third quarter worth $210,000. Institutional investors own 79.97% of the company’s stock.

A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 21st. Deutsche Bank lifted their price objective on shares of Expedia Group from $145.00 to $147.00 and gave the stock a “buy” rating in a research report on Wednesday, August 15th. BidaskClub cut shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 5th. SunTrust Banks reaffirmed a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a research report on Wednesday, September 5th. Finally, TheStreet raised shares of Expedia Group from a “c” rating to a “b” rating in a research report on Thursday, October 25th. Twelve investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $146.52.

In related news, insider Lance A. Soliday sold 3,281 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $119.28, for a total value of $391,357.68. Following the completion of the transaction, the insider now owns 7,674 shares of the company’s stock, valued at $915,354.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 20.96% of the stock is owned by insiders.

EXPE stock opened at $120.65 on Tuesday. The stock has a market capitalization of $18.02 billion, a P/E ratio of 32.43, a P/E/G ratio of 1.61 and a beta of 1.18. Expedia Group Inc has a 52 week low of $98.52 and a 52 week high of $139.77. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, October 25th. The online travel company reported $3.65 EPS for the quarter, beating the Zacks’ consensus estimate of $3.12 by $0.53. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.29 billion. Expedia Group had a return on equity of 11.79% and a net margin of 4.04%. During the same quarter in the previous year, the firm earned $2.51 earnings per share. On average, sell-side analysts predict that Expedia Group Inc will post 4.56 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 14th. Expedia Group’s dividend payout ratio (DPR) is presently 34.41%.

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Expedia Group Company Profile

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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