Sei Investments Co. Has $129.41 Million Position in Expedia Group, Inc. $EXPE

Sei Investments Co. lessened its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 560,521 shares of the online travel company’s stock after selling 8,188 shares during the period. Sei Investments Co.’s holdings in Expedia Group were worth $129,414,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPE. State of Wyoming grew its holdings in Expedia Group by 18.5% during the 1st quarter. State of Wyoming now owns 2,487 shares of the online travel company’s stock worth $574,000 after acquiring an additional 389 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Expedia Group by 55.0% in the first quarter. Cetera Investment Advisers now owns 46,206 shares of the online travel company’s stock worth $10,669,000 after acquiring an additional 16,405 shares during the last quarter. CI Investments Inc. raised its stake in shares of Expedia Group by 93.1% in the first quarter. CI Investments Inc. now owns 90,091 shares of the online travel company’s stock worth $20,801,000 after acquiring an additional 43,432 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Expedia Group by 104.1% during the first quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock worth $275,112,000 after purchasing an additional 607,698 shares in the last quarter. Finally, Westpac Banking Corp lifted its position in shares of Expedia Group by 193.7% during the first quarter. Westpac Banking Corp now owns 29,141 shares of the online travel company’s stock worth $6,728,000 after purchasing an additional 19,220 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Trading Down 1.3%

EXPE opened at $257.61 on Friday. 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 company has a market cap of $31.57 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 0.69 and a beta of 1.23. The firm has a 50 day simple moving average of $243.69 and a 200 day simple moving average of $243.88. Expedia Group, Inc. has a fifty-two week low of $174.05 and a fifty-two week high of $303.80.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $3.35 billion. During the same period in the prior year, the business posted $0.40 earnings per share. Expedia Group’s revenue was up 14.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Expedia Group, Inc. will post 16.98 earnings per share for the current year.

Expedia Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EXPE shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Expedia Group from $244.00 to $230.00 and set a “hold” rating for the company in a report on Monday, May 18th. Dbs Bank raised Expedia Group from a “hold” rating to a “moderate buy” rating in a report on Monday, May 11th. Robert W. Baird increased their price objective on Expedia Group from $290.00 to $294.00 and gave the company an “outperform” rating in a research report on Wednesday. DA Davidson lowered their target price on Expedia Group from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Finally, BTIG Research restated a “buy” rating and set a $330.00 target price on shares of Expedia Group in a research report on Tuesday, June 9th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $288.64.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total value of $208,548.40. Following the transaction, the chief accounting officer directly owned 14,083 shares in the company, valued at $3,124,454.38. This trade represents a 6.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Dzielak sold 4,702 shares of Expedia Group 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 sale, the insider directly owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. This trade represents a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.20% of the company’s stock.

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.