O Shaughnessy Asset Management LLC Sells 8,427 Shares of Expedia Group, Inc. $EXPE

O Shaughnessy Asset Management LLC trimmed its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 265,215 shares of the online travel company’s stock after selling 8,427 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Expedia Group were worth $75,138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Entrust Financial LLC acquired a new stake in shares of Expedia Group during the fourth quarter worth $26,000. JFS Wealth Advisors LLC raised its holdings in shares of Expedia Group by 78.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after acquiring an additional 44 shares during the period. Lodestone Wealth Management LLC acquired a new stake in shares of Expedia Group during the fourth quarter worth $29,000. Rossby Financial LCC raised its holdings in shares of Expedia Group by 103.8% during the third quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after acquiring an additional 82 shares during the period. Finally, Sunbelt Securities Inc. raised its holdings in shares of Expedia Group by 970.6% during the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after acquiring an additional 165 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the completion of the transaction, the chief accounting officer owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This trade represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on EXPE. Jefferies Financial Group upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $240.00 to $300.00 in a report on Monday, March 30th. HSBC raised their price objective on shares of Expedia Group from $365.00 to $387.00 and gave the stock a “buy” rating in a report on Friday, February 13th. BMO Capital Markets raised their price objective on shares of Expedia Group from $250.00 to $255.00 and gave the stock a “market perform” rating in a report on Friday, February 13th. Piper Sandler raised their price objective on shares of Expedia Group from $225.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Gordon Haskett dropped their price objective 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. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the stock. Based on data from MarketBeat.com, Expedia Group has a consensus rating of “Hold” and a consensus price target of $284.42.

Expedia Group Price Performance

Expedia Group stock opened at $228.88 on Monday. The company has a market cap of $28.05 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 0.60 and a beta of 1.25. Expedia Group, Inc. has a 1-year low of $160.00 and a 1-year high of $303.80. The company has a fifty day simple moving average of $234.33 and a 200 day simple moving average of $247.79. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. Research analysts anticipate that Expedia Group, Inc. will post 17.07 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

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

Expedia Group Company Profile

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.