Dai ichi Life Insurance Company Ltd Sells 2,796 Shares of Expedia Group, Inc. $EXPE

Dai ichi Life Insurance Company Ltd cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 32.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,828 shares of the online travel company’s stock after selling 2,796 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Expedia Group were worth $1,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Windacre Partnership LLC boosted 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 acquiring an additional 309,900 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of 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 last quarter. Invesco Ltd. boosted its position in shares of Expedia Group by 8.0% in the 3rd quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock worth $667,507,000 after purchasing an additional 230,176 shares in the last quarter. Norges Bank bought a new stake in shares of Expedia Group in the 4th quarter worth approximately $861,979,000. Finally, Wellington Management Group LLP grew its stake in shares of Expedia Group by 24,899.5% in 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 buying an additional 1,801,232 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were 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 directly owned 14,083 shares of the company’s stock, 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 legal filing with the SEC, which is accessible through this link. Also, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. The trade was a 4.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EXPE. Citic Securities dropped their price target on shares of Expedia Group from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Barclays increased their price target on shares of Expedia Group from $260.00 to $264.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Weiss Ratings downgraded Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Robert W. Baird lifted their target price on Expedia Group from $290.00 to $294.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, Dbs Bank raised Expedia Group from a “hold” rating to a “moderate buy” rating in a report on Monday, May 11th. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company’s stock. According to MarketBeat, Expedia Group currently has a consensus rating of “Hold” and a consensus price target of $288.64.

Expedia Group Price Performance

NASDAQ EXPE opened at $259.94 on Monday. The company has a 50-day moving average price of $244.54 and a 200-day moving average price of $243.69. Expedia Group, Inc. has a 52 week low of $174.05 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 2.43. The firm has a market capitalization of $31.85 billion, a P/E ratio of 22.88, a PEG ratio of 0.68 and a beta of 1.23.

Expedia Group (NASDAQ:EXPE) last announced its 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. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same period last year, the firm earned $0.40 EPS. Expedia Group’s revenue for the quarter was up 14.7% compared to the same quarter last year. Equities research analysts anticipate that Expedia Group, Inc. will post 17.04 earnings per share for the current year.

Expedia Group Announces Dividend

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

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.