Nisa Investment Advisors LLC Reduces Stake in Expedia Group, Inc. $EXPE

Nisa Investment Advisors LLC cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 7.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,768 shares of the online travel company’s stock after selling 3,788 shares during the period. Nisa Investment Advisors LLC’s holdings in Expedia Group were worth $9,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. OMNI 360 Wealth Inc. bought a new position in Expedia Group during the second quarter valued at $325,000. Leith Wheeler Investment Counsel Ltd. lifted its holdings in shares of Expedia Group by 2.6% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 107,973 shares of the online travel company’s stock worth $18,213,000 after acquiring an additional 2,767 shares during the last quarter. Railway Pension Investments Ltd lifted its holdings in shares of Expedia Group by 19.6% in the 3rd quarter. Railway Pension Investments Ltd now owns 115,200 shares of the online travel company’s stock worth $24,624,000 after acquiring an additional 18,900 shares during the last quarter. Vise Technologies Inc. purchased a new position in shares of Expedia Group during the 2nd quarter worth about $2,351,000. Finally, Brighton Jones LLC grew its holdings in Expedia Group by 44.1% during the 3rd quarter. Brighton Jones LLC now owns 16,311 shares of the online travel company’s stock valued at $3,486,000 after purchasing an additional 4,988 shares during the last quarter. 90.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. BTIG Research increased their price objective on shares of Expedia Group from $275.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday. BNP Paribas initiated coverage on Expedia Group in a research note on Monday, November 24th. They set a “hold” rating on the stock. JPMorgan Chase & Co. increased their price target on Expedia Group from $225.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. BNP Paribas Exane assumed coverage on Expedia Group in a research note on Monday, November 24th. They set a “neutral” rating for the company. Finally, TD Cowen upped their price objective on Expedia Group from $220.00 to $256.00 in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $278.68.

Insider Buying and Selling

In other news, Director Craig A. Jacobson sold 3,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $271.55, for a total value of $814,650.00. Following the completion of the sale, the director owned 30,858 shares in the company, valued at approximately $8,379,489.90. The trade was a 8.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $258.00, for a total transaction of $258,000.00. Following the completion of the sale, the director directly owned 2,916 shares of the company’s stock, valued at $752,328. The trade was a 25.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,849 shares of company stock valued at $1,283,270 over the last three months. 9.13% of the stock is owned by company insiders.

Expedia Group Stock Down 1.7%

Shares of NASDAQ EXPE opened at $296.33 on Friday. Expedia Group, Inc. has a 52-week low of $130.01 and a 52-week high of $303.80. The firm has a market capitalization of $36.31 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 1.07 and a beta of 1.43. The stock has a 50 day moving average price of $267.43 and a 200 day moving average price of $226.02. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.74 and a current ratio of 0.74.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $7.10 by $0.47. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same period in the previous year, the company posted $6.13 EPS. Expedia Group’s revenue was up 8.7% on a year-over-year basis. Sell-side analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, November 19th. Expedia Group’s payout ratio is presently 15.31%.

Expedia Group 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.