Todd Asset Management LLC Sells 22,841 Shares of Expedia Group, Inc. $EXPE

Todd Asset Management LLC lessened its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 16.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 114,374 shares of the online travel company’s stock after selling 22,841 shares during the period. Todd Asset Management LLC’s holdings in Expedia Group were worth $32,403,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPE. Entrust Financial LLC bought a new stake in Expedia Group during the 4th quarter worth approximately $26,000. JFS Wealth Advisors LLC increased its holdings in Expedia Group by 78.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after acquiring an additional 44 shares during the period. Lodestone Wealth Management LLC bought a new stake in Expedia Group during the 4th quarter worth approximately $29,000. Rossby Financial LCC increased its holdings in Expedia Group by 103.8% during the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after acquiring an additional 82 shares during the period. Finally, Sunbelt Securities Inc. increased its holdings in Expedia Group by 970.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after acquiring an additional 165 shares during the period. Institutional investors own 90.76% of the company’s stock.

Insider Activity

In other news, insider Robert J. Dzielak sold 8,225 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total value of $1,816,244.50. Following the completion of the sale, the insider owned 102,480 shares of the company’s stock, valued at approximately $22,629,633.60. This represents a 7.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on EXPE. Citigroup reaffirmed a “neutral” rating on shares of Expedia Group in a report on Monday, May 18th. Cantor Fitzgerald reissued a “neutral” rating and issued a $240.00 price target on shares of Expedia Group in a report on Monday, April 27th. Sanford C. Bernstein lowered their price objective on shares of Expedia Group from $256.00 to $253.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 11th. Citic Securities dropped their price objective on shares of Expedia Group from $337.00 to $320.00 and set a “buy” rating for the company in a report on Friday, May 15th. Finally, TD Cowen upped their target price on shares of Expedia Group from $260.00 to $285.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Sixteen analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the company. According to data from MarketBeat, Expedia Group presently has a consensus rating of “Hold” and a consensus target price of $284.42.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $214.65 on Monday. Expedia Group, Inc. has a 52-week low of $156.18 and a 52-week high of $303.80. The firm has a fifty day moving average of $236.33 and a 200 day moving average of $249.43. The firm has a market capitalization of $26.30 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 0.67 and a beta of 1.30. 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 (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the prior year, the company earned $0.40 EPS. The firm’s revenue was up 14.7% on a year-over-year basis. As a group, research analysts anticipate that Expedia Group, Inc. will post 16.64 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.9%. Expedia Group’s dividend payout ratio is 16.90%.

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.