Expedia Group, Inc. $EXPE Shares Sold by Perpetual Ltd

Perpetual Ltd cut its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 65.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,741 shares of the online travel company’s stock after selling 7,042 shares during the quarter. Perpetual Ltd’s holdings in Expedia Group were worth $1,060,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Windacre Partnership LLC increased 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 worth $787,049,000 after acquiring an additional 309,900 shares during the period. AQR Capital Management LLC lifted 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 valued at $779,275,000 after purchasing an additional 728,063 shares during the period. Invesco Ltd. boosted its holdings in Expedia Group by 8.0% in the third 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. Alkeon Capital Management LLC boosted its holdings in Expedia Group by 4.2% in the second quarter. Alkeon Capital Management LLC now owns 2,475,276 shares of the online travel company’s stock valued at $417,530,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Wellington Management Group LLP grew its position 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. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Stock Performance

EXPE stock opened at $225.30 on Friday. Expedia Group, Inc. has a 52-week low of $130.01 and a 52-week high of $303.80. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.75. The firm has a market cap of $27.61 billion, a P/E ratio of 22.87, a PEG ratio of 0.69 and a beta of 1.33. The company’s 50-day simple moving average is $231.07 and its 200-day simple moving average is $244.78.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.46. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.41 billion. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.Expedia Group’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.39 EPS. As a group, equities analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 5th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s dividend payout ratio is currently 19.49%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EXPE shares. The Goldman Sachs Group boosted their price objective on Expedia Group from $325.00 to $355.00 and gave the company a “buy” rating in a report on Friday, February 13th. Wells Fargo & Company dropped their target price on Expedia Group from $315.00 to $311.00 and set an “equal weight” rating on the stock in a report on Wednesday. Sanford C. Bernstein reduced their price target on Expedia Group from $256.00 to $253.00 and set a “market perform” rating for the company in a research report on Wednesday, March 11th. Mizuho decreased their price target on Expedia Group from $270.00 to $245.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Finally, Citizens Jmp restated a “market perform” rating on shares of Expedia Group in a research report on Tuesday, February 17th. Fourteen investment analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to MarketBeat.com, Expedia Group has a consensus rating of “Hold” and a consensus target price of $282.65.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 8,225 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the transaction, the insider owned 102,480 shares in the company, valued at $22,629,633.60. This trade represents a 7.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 9.13% of the stock is currently owned by insiders.

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.