Expedia Group, Inc. $EXPE Shares Sold by Weiss Asset Management LP

Weiss Asset Management LP trimmed its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 97.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,015 shares of the online travel company’s stock after selling 33,470 shares during the period. Weiss Asset Management LP’s holdings in Expedia Group were worth $234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Motiv8 Investments LLC acquired a new position in Expedia Group in the 4th quarter valued at about $25,000. Entrust Financial LLC purchased a new stake in Expedia Group during the 4th quarter valued at approximately $26,000. JFS Wealth Advisors LLC lifted its position in Expedia Group by 78.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after acquiring an additional 44 shares during the period. Lodestone Wealth Management LLC acquired a new stake in Expedia Group during the 4th quarter worth approximately $29,000. Finally, Sunbelt Securities Inc. grew its stake in shares of Expedia Group by 970.6% in the 3rd 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 last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on EXPE shares. Truist Financial dropped their target price on Expedia Group from $252.00 to $246.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Dbs Bank upgraded shares of Expedia Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, May 11th. Susquehanna boosted their price objective on shares of Expedia Group from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. UBS Group cut their price objective on shares of Expedia Group from $266.00 to $262.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Finally, DA Davidson lowered their target price on shares of Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $288.64.

Insider Activity

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

Expedia Group Stock Up 6.3%

Expedia Group stock opened at $295.79 on Wednesday. The stock’s 50 day moving average price is $247.42 and its 200 day moving average price is $243.53. Expedia Group, Inc. has a 1-year low of $174.05 and a 1-year high of $303.80. The company has a market cap of $36.25 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 0.73 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.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter 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 predict that Expedia Group, Inc. will post 17.04 EPS for the current fiscal year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, May 28th. Expedia Group’s dividend payout ratio (DPR) is currently 16.90%.

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.