Cornercap Investment Counsel Inc. Sells 2,669 Shares of Expedia Group, Inc. $EXPE

Cornercap Investment Counsel Inc. trimmed its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 31.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,691 shares of the online travel company’s stock after selling 2,669 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Expedia Group were worth $1,612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Windacre Partnership LLC grew its stake in Expedia Group by 9.2% during the third quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock worth $787,049,000 after buying an additional 309,900 shares during the last quarter. AQR Capital Management LLC grew its stake 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 buying an additional 728,063 shares during the last quarter. Invesco Ltd. grew its stake in Expedia Group by 8.0% during the third quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock worth $667,507,000 after buying an additional 230,176 shares during the last quarter. Norges Bank bought a new stake in Expedia Group during the fourth quarter worth about $861,979,000. Finally, Wellington Management Group LLP grew its stake in Expedia Group by 24,899.5% during the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock worth $386,560,000 after buying an additional 1,801,232 shares during the last quarter. 90.76% of the stock is owned by institutional investors.

Expedia Group Trading Up 0.1%

Shares of NASDAQ EXPE opened at $224.89 on Friday. The company’s 50 day simple moving average is $233.97 and its 200 day simple moving average is $247.19. Expedia Group, Inc. has a fifty-two week low of $160.00 and a fifty-two week high of $303.80. The firm has a market capitalization of $27.56 billion, a P/E ratio of 19.80, a P/E/G ratio of 0.59 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 data on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.55. The business had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. Expedia Group’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share. On average, analysts predict that Expedia Group, Inc. will post 17.07 EPS for the current year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th will be issued a $0.48 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.92 annualized dividend and a yield of 0.9%. Expedia Group’s dividend payout ratio (DPR) is 16.90%.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the stock in a transaction on Tuesday, May 26th. The shares were 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 approximately $3,124,454.38. This trade represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction on 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 completion of the sale, the insider owned 105,448 shares in the company, valued at approximately $24,569,384. This trade represents a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EXPE shares. Piper Sandler upped their price objective on shares of Expedia Group from $225.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wedbush reiterated a “neutral” rating and set a $260.00 target price on shares of Expedia Group in a research report on Tuesday, February 17th. The Goldman Sachs Group upped their target price on shares of Expedia Group from $325.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Jefferies Financial Group upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $240.00 to $300.00 in a research report on Monday, March 30th. Finally, Dbs Bank upgraded shares of Expedia Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, May 11th. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $284.42.

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.