iA Global Asset Management Inc. Sells 1,870 Shares of Expedia Group, Inc. $EXPE

iA Global Asset Management Inc. lowered its position in Expedia Group, Inc. (NASDAQ:EXPE) by 10.9% in the 3rd quarter, Holdings Channel reports. The firm owned 15,247 shares of the online travel company’s stock after selling 1,870 shares during the quarter. iA Global Asset Management Inc.’s holdings in Expedia Group were worth $3,259,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Expedia Group during the 2nd quarter worth approximately $663,882,000. AQR Capital Management LLC grew its position in Expedia Group by 102.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock valued at $492,152,000 after acquiring an additional 1,473,386 shares during the last quarter. LSV Asset Management increased its stake in Expedia Group by 497.0% in the second quarter. LSV Asset Management now owns 871,837 shares of the online travel company’s stock worth $147,061,000 after purchasing an additional 725,797 shares during the period. Meridiem Capital Partners LP bought a new stake in shares of Expedia Group during the second quarter worth $26,131,000. Finally, Natixis boosted its stake in shares of Expedia Group by 1,175.3% during the second quarter. Natixis now owns 166,372 shares of the online travel company’s stock valued at $28,064,000 after purchasing an additional 153,326 shares during the period. Institutional investors own 90.76% of the company’s stock.

Insider Transactions at Expedia Group

In other news, CAO Lance A. Soliday sold 849 shares of Expedia Group stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $248.08, for a total value of $210,619.92. Following the transaction, the chief accounting officer owned 11,662 shares of the company’s stock, valued at $2,893,108.96. The trade was a 6.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $258.00, for a total transaction of $258,000.00. Following the sale, the director directly owned 2,916 shares of the company’s stock, valued at $752,328. The trade was a 25.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,849 shares of company stock valued at $1,283,270 in the last 90 days. Insiders own 9.13% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPE has been the topic of several recent analyst reports. Royal Bank Of Canada raised their price target on shares of Expedia Group from $260.00 to $290.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 17th. Cantor Fitzgerald lifted their price target on shares of Expedia Group from $220.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Sanford C. Bernstein boosted their price target on Expedia Group from $210.00 to $256.00 and gave the company a “market perform” rating in a report on Tuesday, January 6th. JPMorgan Chase & Co. raised their price objective on Expedia Group from $225.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Finally, Rothschild & Co Redburn upped their target price on Expedia Group from $290.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and twenty-two have issued a Hold rating to the stock. According to MarketBeat.com, Expedia Group presently has a consensus rating of “Hold” and a consensus price target of $289.13.

Expedia Group Stock Down 3.0%

Shares of NASDAQ EXPE opened at $271.14 on Friday. Expedia Group, Inc. has a 12-month low of $130.01 and a 12-month high of $303.80. The stock’s fifty day simple moving average is $275.08 and its two-hundred day simple moving average is $233.82. The stock has a market capitalization of $33.22 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.72.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, November 6th. The online travel company reported $7.57 earnings per share for the quarter, topping analysts’ consensus estimates of $7.10 by $0.47. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the prior year, the business posted $6.13 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, November 19th. Expedia Group’s dividend payout ratio (DPR) is currently 15.31%.

Expedia Group 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.