Allspring Global Investments Holdings LLC Sells 8,971 Shares of Expedia Group, Inc. $EXPE

Allspring Global Investments Holdings LLC decreased its position in Expedia Group, Inc. (NASDAQ:EXPE) by 17.1% in the first quarter, Holdings Channel reports. The firm owned 43,413 shares of the online travel company’s stock after selling 8,971 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Expedia Group were worth $9,884,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Independent Financial Group LLC purchased a new stake in shares of Expedia Group in the 1st quarter worth $479,000. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Expedia Group in the first quarter valued at about $3,872,000. Wealthfront Advisers LLC raised its holdings in shares of Expedia Group by 73.7% in the first quarter. Wealthfront Advisers LLC now owns 43,014 shares of the online travel company’s stock valued at $9,932,000 after acquiring an additional 18,252 shares in the last quarter. D.A. Davidson & CO. lifted its stake in Expedia Group by 1.0% in the first quarter. D.A. Davidson & CO. now owns 22,674 shares of the online travel company’s stock worth $5,235,000 after acquiring an additional 216 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its stake in Expedia Group by 1.9% in the first quarter. Illinois Municipal Retirement Fund now owns 110,782 shares of the online travel company’s stock worth $25,578,000 after acquiring an additional 2,050 shares during the period. Institutional investors own 90.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on EXPE shares. Deutsche Bank Aktiengesellschaft cut their target price on shares of Expedia Group from $244.00 to $230.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. UBS Group dropped their price objective on shares of Expedia Group from $266.00 to $262.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Weiss Ratings lowered shares of Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Wall Street Zen raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Finally, Gordon Haskett lowered their target price on Expedia Group from $320.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $288.64.

Expedia Group Stock Down 1.5%

NASDAQ:EXPE opened at $261.08 on Thursday. The company’s 50-day simple moving average is $242.88 and its 200-day simple moving average is $244.06. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group, Inc. has a fifty-two week low of $174.05 and a fifty-two week high of $303.80. The stock has a market capitalization of $31.99 billion, a P/E ratio of 22.98, a P/E/G ratio of 0.70 and a beta of 1.23.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the business posted $0.40 EPS. Expedia Group’s revenue was up 14.7% on a year-over-year basis. On average, equities analysts anticipate that Expedia Group, Inc. will post 16.98 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. Expedia Group’s dividend payout ratio is presently 16.90%.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 4,702 shares of the business’s 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 transaction, the insider directly owned 105,448 shares in the company, valued at $24,569,384. The trade was a 4.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Lance A. Soliday sold 940 shares of the business’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 transaction, the chief accounting officer 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.20% of the company’s stock.

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.