Expedia Group, Inc. $EXPE Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC reduced its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 6.3% in the fourth quarter, HoldingsChannel reports. The fund owned 131,451 shares of the online travel company’s stock after selling 8,770 shares during the quarter. Great Lakes Advisors LLC’s holdings in Expedia Group were worth $37,241,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. CI Investments Inc. lifted its stake in shares of Expedia Group by 1,735.0% in the 3rd quarter. CI Investments Inc. now owns 42,223 shares of the online travel company’s stock worth $9,025,000 after acquiring an additional 39,922 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Expedia Group by 37.3% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 196,464 shares of the online travel company’s stock worth $41,994,000 after acquiring an additional 53,365 shares during the period. Oliver Luxxe Assets LLC acquired a new stake in shares of Expedia Group in the 4th quarter worth approximately $3,164,000. Caprock Group LLC acquired a new stake in shares of Expedia Group in the 3rd quarter worth approximately $3,951,000. Finally, 44 Wealth Management LLC acquired a new stake in shares of Expedia Group in the 3rd quarter worth approximately $1,358,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer owned 14,083 shares in the company, valued at $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Dzielak sold 4,702 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the sale, the insider owned 105,448 shares in the company, valued at $24,569,384. This represents a 4.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.20% of the stock is owned by insiders.

Expedia Group Stock Up 2.6%

EXPE stock opened at $224.66 on Friday. Expedia Group, Inc. has a 12 month low of $160.00 and a 12 month high of $303.80. The firm has a 50 day simple moving average of $234.02 and a 200 day simple moving average of $247.35. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market cap of $27.53 billion, a PE ratio of 19.78, a P/E/G ratio of 0.57 and a beta of 1.25.

Expedia Group (NASDAQ:EXPE) last released its quarterly 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. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The business had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. Equities research analysts forecast that Expedia Group, Inc. will post 17.07 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently commented on EXPE shares. Robert W. Baird set a $290.00 target price on shares of Expedia Group in a research note on Friday, May 8th. Benchmark cut their target price on shares of Expedia Group from $310.00 to $290.00 and set a “buy” rating for the company in a research note on Friday, February 13th. DA Davidson cut their target price on shares of Expedia Group from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Morgan Stanley increased their target price on shares of Expedia Group from $270.00 to $290.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Finally, Citizens Jmp reissued a “market perform” rating on shares of Expedia Group in a research note on Tuesday, February 17th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and a consensus target price of $284.42.

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.