Ardmore Road Asset Management LP Takes $17.32 Million Position in Expedia Group, Inc. $EXPE

Ardmore Road Asset Management LP bought a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the first quarter, Holdings Channel reports. The institutional investor bought 75,000 shares of the online travel company’s stock, valued at approximately $17,317,000.

Several other large investors also recently bought and sold shares of EXPE. Norges Bank bought a new stake in shares of Expedia Group in the 4th quarter valued at approximately $861,979,000. Wellington Management Group LLP increased its position 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 valued at $386,560,000 after acquiring an additional 1,801,232 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Expedia Group by 25.0% in 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 acquiring an additional 728,063 shares during the period. First Trust Advisors LP lifted its holdings in shares of Expedia Group by 104.1% in the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock worth $275,112,000 after acquiring an additional 607,698 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Expedia Group by 55.0% during the 4th quarter. Deutsche Bank AG now owns 1,286,093 shares of the online travel company’s stock worth $364,363,000 after purchasing an additional 456,176 shares during the period. Institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE opened at $259.94 on Monday. The business’s 50-day moving average is $244.54 and its 200 day moving average is $243.69. 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, Inc. has a 1 year low of $174.05 and a 1 year high of $303.80. The firm has a market capitalization of $31.85 billion, a P/E ratio of 22.88, a P/E/G ratio of 0.68 and a beta of 1.23.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share 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 business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter last year, the company earned $0.40 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. On average, research analysts predict that Expedia Group, Inc. will post 17.04 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, May 28th. Expedia Group’s dividend payout ratio (DPR) is presently 16.90%.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 940 shares of Expedia Group stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 14,083 shares in the company, valued at $3,124,454.38. This trade represents a 6.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Dzielak sold 4,702 shares of the business’s stock in a transaction that occurred 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 sale, the insider directly owned 105,448 shares in the company, valued at approximately $24,569,384. This represents a 4.27% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on EXPE shares. Barclays lifted their price target on Expedia Group from $260.00 to $264.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. TD Cowen upped their price objective on Expedia Group from $260.00 to $285.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. B. Riley Financial dropped their price objective on Expedia Group from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Robert W. Baird lifted their target price on Expedia Group from $290.00 to $294.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Piper Sandler boosted their target price on shares of Expedia Group from $225.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Expedia Group has an average rating of “Hold” and a consensus price target of $288.64.

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.