Expedia Group, Inc. $EXPE Position Lifted by MUFG Securities EMEA plc

MUFG Securities EMEA plc raised its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 112.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,797 shares of the online travel company’s stock after acquiring an additional 2,535 shares during the quarter. MUFG Securities EMEA plc’s holdings in Expedia Group were worth $1,359,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Windacre Partnership LLC boosted its stake in Expedia Group by 9.2% during the 3rd quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock valued at $787,049,000 after acquiring an additional 309,900 shares during the last quarter. AQR Capital Management LLC boosted its stake in Expedia Group by 25.0% during the 3rd quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock valued at $779,275,000 after acquiring an additional 728,063 shares during the last quarter. Invesco Ltd. boosted its stake in Expedia Group by 8.0% during the 3rd quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock valued at $667,507,000 after acquiring an additional 230,176 shares during the last quarter. Norges Bank bought a new position in Expedia Group during the 4th quarter valued at $861,979,000. Finally, Wellington Management Group LLP raised its holdings in shares of Expedia Group by 24,899.5% during the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock worth $386,560,000 after purchasing an additional 1,801,232 shares during the period. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EXPE shares. Gordon Haskett dropped their target price on shares of Expedia Group from $320.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. UBS Group dropped their target price on shares of Expedia Group from $266.00 to $262.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Citic Securities dropped their target price on shares of Expedia Group from $337.00 to $320.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Evercore reissued an “outperform” rating on shares of Expedia Group in a report on Monday, February 9th. Finally, Zacks Research cut shares of Expedia Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $284.42.

Expedia Group Stock Down 0.9%

EXPE stock opened at $226.37 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. Expedia Group, Inc. has a fifty-two week low of $160.00 and a fifty-two week high of $303.80. The firm’s 50-day simple moving average is $235.08 and its 200 day simple moving average is $248.79. The stock has a market cap of $27.74 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 0.70 and a beta of 1.25.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter last year, the company earned $0.40 EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, sell-side analysts predict that Expedia Group, Inc. will post 17.07 EPS for the current year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, May 28th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, May 28th. Expedia Group’s dividend payout ratio (DPR) is 16.90%.

Insider Buying and Selling at Expedia Group

In related news, CAO Lance A. Soliday sold 940 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the sale, the chief accounting officer owned 14,083 shares of the company’s stock, valued at $3,124,454.38. This trade represents a 6.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.20% of the stock is currently owned by company insiders.

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.