Expedia Group, Inc. $EXPE Position Decreased by Glenmede Trust Co. NA

Glenmede Trust Co. NA lowered its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 9.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 207,028 shares of the online travel company’s stock after selling 20,639 shares during the quarter. Glenmede Trust Co. NA’s holdings in Expedia Group were worth $47,801,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Windacre Partnership LLC lifted 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 valued at $787,049,000 after purchasing an additional 309,900 shares during the last quarter. AQR Capital Management LLC grew its position in 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 worth $779,275,000 after buying an additional 728,063 shares during the last quarter. Invesco Ltd. grew its position in Expedia Group by 8.0% in the third quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock worth $667,507,000 after buying an additional 230,176 shares during the last quarter. Norges Bank bought a new position in shares of Expedia Group in the fourth quarter valued at $861,979,000. Finally, Wellington Management Group LLP lifted its position in shares of Expedia Group by 24,899.5% during the 3rd 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. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Trading Up 0.6%

NASDAQ EXPE opened at $294.74 on Friday. The firm’s 50 day moving average price is $252.25 and its two-hundred day moving average price is $243.89. 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, Inc. has a twelve month low of $174.05 and a twelve month high of $312.40. The stock has a market cap of $36.12 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 0.77 and a beta of 1.23.

Expedia Group (NASDAQ:EXPE) last released its earnings results 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. The company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 earnings per share. Equities analysts anticipate that Expedia Group, Inc. will post 17.04 EPS for the current year.

Expedia Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EXPE shares. Truist Financial reduced their price objective on Expedia Group from $252.00 to $246.00 and set a “hold” rating for the company in a research note on Monday, April 6th. Wedbush started coverage on Expedia Group in a research report on Thursday, July 16th. They set an “outperform” rating and a $334.00 target price on the stock. UBS Group upped their target price on Expedia Group from $262.00 to $322.00 and gave the company a “neutral” rating in a report on Thursday. Argus increased their price target on Expedia Group from $270.00 to $315.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Finally, Robert W. Baird lifted their price target on Expedia Group from $290.00 to $294.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $290.76.

Insider Activity

In other Expedia Group news, insider Robert J. Dzielak sold 4,702 shares of Expedia Group stock in a transaction dated 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 transaction, the insider owned 105,448 shares of the company’s stock, valued at $24,569,384. The trade was a 4.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 940 shares of Expedia Group stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the transaction, the chief accounting officer directly owned 14,083 shares in the company, valued at approximately $3,124,454.38. This trade represents a 6.26% decrease in their position. The SEC filing for this sale provides additional information. 5.20% of the stock is currently owned by corporate insiders.

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.