Ardmore Road Asset Management LP Decreases Position in Expedia Group, Inc. $EXPE

Ardmore Road Asset Management LP decreased its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 86.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,000 shares of the online travel company’s stock after selling 165,000 shares during the quarter. Ardmore Road Asset Management LP’s holdings in Expedia Group were worth $4,217,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Spire Wealth Management lifted its position in Expedia Group by 114.3% in the second quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock worth $25,000 after buying an additional 80 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of Expedia Group in the first quarter valued at $28,000. GFG Capital LLC bought a new stake in shares of Expedia Group in the 2nd quarter worth about $29,000. Trust Co. of Toledo NA OH purchased a new position in shares of Expedia Group during the 2nd quarter worth about $31,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Expedia Group during the first quarter valued at approximately $36,000. Institutional investors own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EXPE shares. Weiss Ratings cut Expedia Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, December 1st. Piper Sandler raised shares of Expedia Group from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $190.00 to $250.00 in a research note on Friday, November 7th. KeyCorp started coverage on shares of Expedia Group in a report on Wednesday, October 22nd. They set a “sector weight” rating for the company. B. Riley upped their target price on shares of Expedia Group from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, Oppenheimer lifted their price target on shares of Expedia Group from $250.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and twenty-five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $265.31.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE opened at $263.43 on Friday. The firm has a 50 day moving average of $234.34 and a 200 day moving average of $205.38. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $32.28 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 1.19 and a beta of 1.44. Expedia Group, Inc. has a 52 week low of $130.01 and a 52 week high of $279.61.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.10 by $0.47. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.28 billion. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The business’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $6.13 EPS. On average, sell-side analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $1.60 dividend on an annualized basis and a yield of 0.6%. Expedia Group’s payout ratio is currently 15.31%.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $271.55, for a total transaction of $814,650.00. Following the completion of the sale, the director directly owned 30,858 shares of the company’s stock, valued at approximately $8,379,489.90. This represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $258.00, for a total transaction of $258,000.00. Following the completion of the sale, the director owned 2,916 shares in the company, valued at $752,328. This represents a 25.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 4,849 shares of company stock valued at $1,283,270. 9.13% of the stock is currently owned by insiders.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.