Walter Public Investments Inc. Sells 5,626 Shares of Expedia Group, Inc. $EXPE

Walter Public Investments Inc. reduced its position in Expedia Group, Inc. (NASDAQ:EXPE) by 29.6% in the first quarter, Holdings Channel.com reports. The firm owned 13,379 shares of the online travel company’s stock after selling 5,626 shares during the quarter. Walter Public Investments Inc.’s holdings in Expedia Group were worth $3,089,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Oliver Luxxe Assets LLC purchased a new stake in shares of Expedia Group in the 4th quarter valued at $3,164,000. Corient Private Wealth LLC raised its position in Expedia Group by 17.8% in the 4th quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company’s stock worth $17,344,000 after purchasing an additional 9,256 shares during the period. 44 Wealth Management LLC bought a new stake in Expedia Group in the third quarter worth $1,358,000. Swiss Life Asset Management Ltd lifted its stake in Expedia Group by 48.6% in the third quarter. Swiss Life Asset Management Ltd now owns 43,222 shares of the online travel company’s stock worth $9,239,000 after purchasing an additional 14,143 shares during the last quarter. Finally, Monument Capital Management purchased a new stake in Expedia Group during the fourth quarter valued at about $2,781,000. 90.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Lance A. Soliday sold 940 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the transaction, the chief accounting officer owned 14,083 shares in the company, valued at $3,124,454.38. This represents a 6.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $233.00, for a total value of $1,095,566.00. Following the completion of the sale, the insider directly owned 105,448 shares of the company’s stock, valued at $24,569,384. The trade was a 4.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.20% of the stock is owned by corporate insiders.

Expedia Group Price Performance

NASDAQ EXPE opened at $268.69 on Friday. Expedia Group, Inc. has a 1 year low of $171.27 and a 1 year high of $303.80. The stock has a market capitalization of $32.93 billion, a PE ratio of 23.65, a PEG ratio of 0.71 and a beta of 1.23. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. The business’s 50-day moving average is $236.11 and its 200 day moving average is $246.11.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the prior year, the company posted $0.40 EPS. Expedia Group’s quarterly revenue was up 14.7% compared to the same quarter last year. Sell-side analysts forecast that Expedia Group, Inc. will post 16.98 earnings per share for the current year.

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. Expedia Group’s payout ratio is 16.90%.

Wall Street Analysts Forecast Growth

EXPE has been the topic of several analyst reports. Citic Securities decreased their price objective on Expedia Group from $337.00 to $320.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Morgan Stanley increased their target price on Expedia Group from $270.00 to $290.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Piper Sandler raised their price target on Expedia Group from $225.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. DA Davidson decreased their price target on Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Finally, Jefferies Financial Group upgraded Expedia Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $240.00 to $300.00 in a research report on Monday, March 30th. Sixteen analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $284.30.

Expedia Group 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.