PNC Financial Services Group Inc. Decreases Position in Expedia Group, Inc. $EXPE

PNC Financial Services Group Inc. decreased its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 16.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,195 shares of the online travel company’s stock after selling 3,910 shares during the period. PNC Financial Services Group Inc.’s holdings in Expedia Group were worth $4,432,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Windacre Partnership LLC raised its stake in shares of Expedia Group by 9.2% in the third 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 in the last quarter. AQR Capital Management LLC grew 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 worth $779,275,000 after purchasing an additional 728,063 shares in the last quarter. Invesco Ltd. increased its holdings 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 worth $667,507,000 after purchasing an additional 230,176 shares during the period. Norges Bank purchased a new stake in Expedia Group during the 4th quarter worth about $861,979,000. Finally, Wellington Management Group LLP increased its holdings in Expedia Group by 24,899.5% during the 3rd 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. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the sale, the chief accounting officer owned 14,083 shares in the company, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert J. Dzielak sold 4,702 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the completion of the transaction, the insider owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. The trade was a 4.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.20% of the company’s stock.

Expedia Group Trading Up 7.1%

NASDAQ:EXPE opened at $278.37 on Tuesday. The stock has a 50-day simple moving average of $245.80 and a 200-day simple moving average of $243.54. The stock has a market cap of $34.11 billion, a P/E ratio of 24.50, a P/E/G ratio of 0.68 and a beta of 1.23. Expedia Group, Inc. has a 1 year low of $174.05 and a 1 year high of $303.80. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the business posted $0.40 EPS. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, analysts anticipate that Expedia Group, Inc. will post 17.04 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EXPE shares. Citigroup reiterated a “neutral” rating on shares of Expedia Group in a research note on Monday, May 18th. TD Cowen raised their target price on shares of Expedia Group from $260.00 to $285.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Wall Street Zen raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. UBS Group decreased their price target on shares of Expedia Group from $266.00 to $262.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Finally, Wells Fargo & Company lowered their price target on shares of Expedia Group from $307.00 to $303.00 and set an “equal weight” rating for the company in a report on Tuesday, June 30th. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company’s stock. According to MarketBeat.com, Expedia Group has an average rating of “Hold” and a consensus price target of $288.64.

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.