Lyrical Asset Management LP Reduces Stake in Expedia Group, Inc. $EXPE

Lyrical Asset Management LP reduced its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,597,037 shares of the online travel company’s stock after selling 90,966 shares during the period. Expedia Group makes up about 6.3% of Lyrical Asset Management LP’s investment portfolio, making the stock its 3rd largest position. Lyrical Asset Management LP’s holdings in Expedia Group were worth $452,457,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in EXPE. Entrust Financial LLC bought a new position in Expedia Group in the 4th quarter worth approximately $26,000. JFS Wealth Advisors LLC increased its position 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 valued at $28,000 after purchasing an additional 44 shares during the period. Lodestone Wealth Management LLC bought a new stake in shares of Expedia Group during the fourth quarter valued at approximately $29,000. Rossby Financial LCC increased its position 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 valued at $35,000 after purchasing an additional 82 shares during the period. Finally, Sunbelt Securities Inc. increased its position 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 valued at $39,000 after purchasing an additional 165 shares during the period. 90.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the company’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 sale, the chief accounting officer directly 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 SEC, which is available at this hyperlink. 5.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EXPE has been the topic of a number of research reports. BMO Capital Markets boosted their price objective on Expedia Group from $250.00 to $255.00 and gave the company a “market perform” rating in a research report on Friday, February 13th. HSBC boosted their price objective on Expedia Group from $365.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, February 13th. TD Cowen boosted their price objective on Expedia Group from $260.00 to $285.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Truist Financial lowered their price objective on Expedia Group from $252.00 to $246.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Finally, Zacks Research cut Expedia Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $284.42.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE opened at $228.88 on Monday. The business’s fifty day moving average price is $234.33 and its two-hundred day moving average price is $247.79. Expedia Group, Inc. has a fifty-two week low of $160.00 and a fifty-two week high of $303.80. The stock has a market capitalization of $28.05 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 0.60 and a beta of 1.25. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last announced its quarterly 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. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the prior year, the business posted $0.40 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. As a group, analysts predict that Expedia Group, Inc. will post 17.07 EPS for the current fiscal year.

Expedia Group Dividend Announcement

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

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.