Caxton Associates LLP Sells 49,500 Shares of Expedia Group, Inc. $EXPE

Caxton Associates LLP reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 94.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,159 shares of the online travel company’s stock after selling 49,500 shares during the quarter. Caxton Associates LLP’s holdings in Expedia Group were worth $729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Motiv8 Investments LLC acquired a new stake in Expedia Group in the 4th quarter worth $25,000. Entrust Financial LLC acquired a new position in shares of Expedia Group during the fourth quarter valued at about $26,000. JFS Wealth Advisors LLC raised its position in shares of Expedia Group by 78.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after buying an additional 44 shares during the last quarter. Lodestone Wealth Management LLC bought a new stake in shares of Expedia Group in the fourth quarter valued at about $29,000. Finally, Sunbelt Securities Inc. lifted its stake in shares of Expedia Group by 970.6% in the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock valued at $39,000 after buying an additional 165 shares during the period. 90.76% of the stock is owned by institutional investors.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the transaction, the chief accounting officer 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Dzielak sold 4,702 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $233.00, for a total value of $1,095,566.00. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. 5.20% of the stock is owned by company insiders.

Expedia Group Stock Performance

NASDAQ EXPE opened at $259.94 on Monday. Expedia Group, Inc. has a twelve month low of $174.05 and a twelve month 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 2.43. The stock has a market cap of $31.85 billion, a P/E ratio of 22.88, a PEG ratio of 0.68 and a beta of 1.23. The company’s 50-day simple moving average is $244.54 and its 200 day simple moving average is $243.69.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 earnings per share. As a group, research analysts forecast that Expedia Group, Inc. will post 17.04 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were issued a $0.48 dividend. 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%.

Wall Street Analysts Forecast Growth

EXPE has been the topic of a number of recent research reports. Cantor Fitzgerald reissued a “neutral” rating and set a $255.00 target price on shares of Expedia Group in a research report on Monday, July 20th. TD Cowen upped their price target on Expedia Group from $260.00 to $285.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Jefferies Financial Group lifted their price objective on Expedia Group from $300.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Wall Street Zen upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Finally, Truist Financial lowered their price objective on Expedia Group from $252.00 to $246.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Seventeen equities research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company. According to data from MarketBeat.com, Expedia Group currently has an average rating of “Hold” and an average 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.