Wellington Management Group LLP Acquires 314,984 Shares of Expedia Group, Inc. $EXPE

Wellington Management Group LLP raised its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 67.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 780,140 shares of the online travel company’s stock after acquiring an additional 314,984 shares during the period. Wellington Management Group LLP’s holdings in Expedia Group were worth $199,622,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Windacre Partnership LLC boosted its position 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 during the period. AQR Capital Management LLC increased its position in Expedia Group by 25.0% during the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after acquiring an additional 728,063 shares during the period. Invesco Ltd. raised 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 purchasing an additional 230,176 shares during the last quarter. Norges Bank acquired a new position in Expedia Group during the 4th quarter valued at $861,979,000. Finally, Northern Trust Corp boosted its holdings in Expedia Group by 1.2% in the 4th quarter. Northern Trust Corp now owns 1,286,574 shares of the online travel company’s stock valued at $364,499,000 after purchasing an additional 15,007 shares during the period. 90.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Robert W. Baird set a $335.00 price target on shares of Expedia Group in a research report on Thursday, August 6th. Wall Street Zen cut shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Benchmark increased their target price on shares of Expedia Group from $290.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. BTIG Research lifted their target price on Expedia Group from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Finally, Bank of America restated a “buy” rating on shares of Expedia Group in a research note on Thursday, August 6th. Eighteen research analysts have rated the stock with a Buy rating and twenty-one have assigned a Hold rating to the stock. According to data from MarketBeat, Expedia Group presently has an average rating of “Hold” and an average target price of $317.45.

Expedia Group Price Performance

Expedia Group stock opened at $317.12 on Tuesday. The business has a 50 day simple moving average of $291.00 and a 200 day simple moving average of $251.82. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $38.06 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 0.81 and a beta of 1.22. Expedia Group, Inc. has a one year low of $185.34 and a one year high of $342.00.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating analysts’ consensus estimates of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.17 billion. During the same period in the prior year, the business posted $4.24 earnings per share. The business’s revenue was up 14.0% compared to the same quarter last year. On average, sell-side analysts forecast that Expedia Group, Inc. will post 17.15 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 27th. Expedia Group’s payout ratio is currently 11.97%.

Insider Transactions at Expedia Group

In related news, Director Craig A. Jacobson sold 3,133 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the completion of the sale, the director owned 29,832 shares in the company, valued at $9,800,408.64. This trade represents a 9.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Lance A. Soliday sold 2,810 shares of Expedia Group stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total transaction of $909,456.50. Following the transaction, the chief accounting officer directly owned 12,006 shares of the company’s stock, valued at $3,885,741.90. This represents a 18.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 16,652 shares of company stock valued at $4,977,561. 5.20% of the stock is owned by insiders.

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.