Hound Partners LLC Sells 124,650 Shares of Expedia Group, Inc. $EXPE

Hound Partners LLC reduced its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 35.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 226,375 shares of the online travel company’s stock after selling 124,650 shares during the period. Expedia Group accounts for about 6.2% of Hound Partners LLC’s investment portfolio, making the stock its 6th biggest holding. Hound Partners LLC owned about 0.18% of Expedia Group worth $48,388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Grey Fox Wealth Advisors LLC bought a new stake in shares of Expedia Group in the 3rd quarter worth approximately $30,000. Rossby Financial LCC grew its position in Expedia Group by 103.8% in the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after purchasing an additional 82 shares during the last quarter. SOA Wealth Advisors LLC. bought a new position in Expedia Group in the 3rd quarter worth about $36,000. Armstrong Advisory Group Inc. increased its stake in shares of Expedia Group by 212.7% in the third quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock valued at $37,000 after purchasing an additional 117 shares during the period. Finally, Westside Investment Management Inc. raised its holdings in shares of Expedia Group by 43.2% during the third quarter. Westside Investment Management Inc. now owns 189 shares of the online travel company’s stock valued at $41,000 after buying an additional 57 shares during the last quarter. 90.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. TD Cowen reduced their price objective on Expedia Group from $300.00 to $260.00 and set a “hold” rating for the company in a research report on Friday, February 13th. Argus cut their target price on Expedia Group from $345.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Evercore reissued an “outperform” rating on shares of Expedia Group in a research note on Monday, February 9th. B. Riley Financial raised their price target on Expedia Group from $300.00 to $360.00 and gave the company a “buy” rating in a report on Monday, January 12th. Finally, Susquehanna restated a “neutral” rating and set a $240.00 price objective on shares of Expedia Group in a research note on Tuesday, February 17th. Thirteen investment analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $281.65.

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 8,225 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the completion of the sale, the insider directly owned 102,480 shares of the company’s stock, valued at $22,629,633.60. This represents a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.13% of the stock is owned by insiders.

Expedia Group Stock Up 0.3%

EXPE opened at $228.37 on Monday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $27.98 billion, a PE ratio of 23.18, a P/E/G ratio of 0.71 and a beta of 1.41. The stock’s fifty day moving average is $247.69 and its 200-day moving average is $243.38. Expedia Group, Inc. has a one year low of $130.01 and a one year high of $303.80.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.46. Expedia Group had a return on equity of 72.23% and a net margin of 8.78%.The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same period in the previous year, the company earned $2.39 earnings per share. Expedia Group’s revenue was up 11.4% compared to the same quarter last year. On average, equities analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, March 5th. This is an increase from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s payout ratio is presently 19.49%.

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.