Virtu Financial LLC Trims Holdings in Expedia Group, Inc. $EXPE

Virtu Financial LLC trimmed its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 69.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,916 shares of the online travel company’s stock after selling 6,704 shares during the quarter. Virtu Financial LLC’s holdings in Expedia Group were worth $826,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in EXPE. Brighton Jones LLC bought a new stake in shares of Expedia Group during the fourth quarter valued at about $408,000. NewEdge Advisors LLC lifted its holdings in shares of Expedia Group by 5.0% in the first quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock worth $917,000 after buying an additional 259 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Expedia Group in the second quarter valued at approximately $596,000. Daiwa Securities Group Inc. grew its stake in Expedia Group by 6.5% during the second quarter. Daiwa Securities Group Inc. now owns 21,265 shares of the online travel company’s stock valued at $3,587,000 after acquiring an additional 1,290 shares in the last quarter. Finally, AXA S.A. increased its holdings in Expedia Group by 5.9% during the 2nd quarter. AXA S.A. now owns 11,042 shares of the online travel company’s stock worth $1,863,000 after acquiring an additional 615 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Wall Street Analyst Weigh In

EXPE has been the topic of several recent analyst reports. TD Cowen increased their target price on shares of Expedia Group from $260.00 to $285.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. B. Riley Financial reduced their price target on shares of Expedia Group from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, April 27th. BTIG Research reaffirmed a “buy” rating and issued a $330.00 price target on shares of Expedia Group in a report on Tuesday, June 9th. Robert W. Baird set a $290.00 price objective on Expedia Group in a research report on Friday, May 8th. Finally, Barclays increased their price objective on Expedia Group from $260.00 to $264.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Sixteen analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. According to MarketBeat.com, Expedia Group presently has an average rating of “Hold” and a consensus price target of $284.42.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 4,702 shares of the firm’s 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 sale, the insider owned 105,448 shares in the company, valued at $24,569,384. This trade represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 940 shares of Expedia Group stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total value of $208,548.40. Following the sale, 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 position. The disclosure for this sale is available in the SEC filing. 5.20% of the stock is owned by corporate insiders.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $240.90 on Monday. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a 1 year low of $160.00 and a 1 year high of $303.80. The firm has a market cap of $29.52 billion, a PE ratio of 21.21, a PEG ratio of 0.63 and a beta of 1.25. The company has a 50 day simple moving average of $235.19 and a two-hundred day simple moving average of $246.58.

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

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were given a $0.48 dividend. The ex-dividend date was Thursday, May 28th. This represents a $1.92 annualized dividend and a yield of 0.8%. Expedia Group’s payout ratio 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.