Kepler Cheuvreux Suisse SA Sells 11,099 Shares of Expedia Group, Inc. $EXPE

Kepler Cheuvreux Suisse SA lessened its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 70.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 4,624 shares of the online travel company’s stock after selling 11,099 shares during the quarter. Kepler Cheuvreux Suisse SA’s holdings in Expedia Group were worth $1,068,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPE. V Square Quantitative Management LLC lifted its stake in Expedia Group by 0.7% during the first quarter. V Square Quantitative Management LLC now owns 7,389 shares of the online travel company’s stock worth $1,706,000 after purchasing an additional 49 shares during the period. Beacon Financial Advisory LLC grew its stake in shares of Expedia Group by 3.0% in the 1st quarter. Beacon Financial Advisory LLC now owns 1,628 shares of the online travel company’s stock valued at $376,000 after purchasing an additional 48 shares during the period. Oxbow Advisors LLC grew its stake in shares of Expedia Group by 1.4% in the 1st quarter. Oxbow Advisors LLC now owns 38,318 shares of the online travel company’s stock valued at $8,847,000 after purchasing an additional 534 shares during the period. Counterpoint Mutual Funds LLC raised its holdings in shares of Expedia Group by 37.4% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 2,442 shares of the online travel company’s stock worth $564,000 after buying an additional 665 shares in the last quarter. Finally, World Investment Advisors acquired a new position in shares of Expedia Group in the 1st quarter worth approximately $314,000. Institutional investors own 90.76% of the company’s stock.

Insiders Place Their Bets

In related 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 value of $1,095,566.00. Following the completion of the transaction, the insider directly owned 105,448 shares of the company’s stock, valued at $24,569,384. The trade was a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 completion of the transaction, the chief accounting officer directly owned 14,083 shares of the company’s stock, valued at $3,124,454.38. This represents a 6.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EXPE shares. Truist Financial decreased their price target on Expedia Group from $252.00 to $246.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Jefferies Financial Group upgraded Expedia Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $240.00 to $300.00 in a research note on Monday, March 30th. Robert W. Baird set a $290.00 price objective on Expedia Group in a research note on Friday, May 8th. Morgan Stanley lifted their price objective on Expedia Group from $270.00 to $290.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $240.00 target price on shares of Expedia Group in a research note on Monday, April 27th. Sixteen analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the company. According to data from MarketBeat, Expedia Group currently has a consensus rating of “Hold” and an average price target of $284.30.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $268.69 on Friday. The stock has a market capitalization of $32.93 billion, a P/E ratio of 23.65, a price-to-earnings-growth ratio of 0.71 and a beta of 1.23. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. Expedia Group, Inc. has a 1 year low of $171.27 and a 1 year high of $303.80. The firm has a 50 day moving average of $236.11 and a 200-day moving average of $246.11.

Expedia Group (NASDAQ:EXPE) last released 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. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The business had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the prior year, the company earned $0.40 EPS. Expedia Group’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 16.98 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. Expedia Group’s payout ratio is currently 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.