Commonwealth Equity Services LLC Decreases Position in Expedia Group, Inc. $EXPE

Commonwealth Equity Services LLC cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 64.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,686 shares of the online travel company’s stock after selling 38,105 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Expedia Group were worth $5,861,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Expedia Group in the 4th quarter worth approximately $861,979,000. Wellington Management Group LLP lifted its stake in Expedia Group by 24,899.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock worth $386,560,000 after purchasing an additional 1,801,232 shares in the last quarter. AQR Capital Management LLC lifted its stake in Expedia Group by 25.0% in the 3rd quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after purchasing an additional 728,063 shares in the last quarter. Deutsche Bank AG lifted its stake in Expedia Group by 55.0% in the 4th quarter. Deutsche Bank AG now owns 1,286,093 shares of the online travel company’s stock worth $364,363,000 after purchasing an additional 456,176 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its stake in Expedia Group by 465.6% in the 3rd quarter. Voloridge Investment Management LLC now owns 452,867 shares of the online travel company’s stock worth $96,800,000 after purchasing an additional 372,798 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on EXPE. Gordon Haskett decreased their target price on shares of Expedia Group from $320.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Piper Sandler raised their target price on shares of Expedia Group from $225.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Truist Financial decreased their target price on shares of Expedia Group from $252.00 to $246.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Finally, Weiss Ratings lowered shares of Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $284.42.

Expedia Group Stock Up 0.7%

EXPE stock opened at $228.88 on Friday. The firm has a market cap of $28.05 billion, a PE ratio of 20.15, a PEG ratio of 0.69 and a beta of 1.25. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73. The firm’s 50 day moving average price is $234.33 and its 200-day moving average price is $247.76. Expedia Group, Inc. has a one year low of $160.00 and a one year high of $303.80.

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, beating the consensus estimate 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 previous year, the company earned $0.40 EPS. On average, equities research analysts anticipate that Expedia Group, Inc. will post 17.07 EPS for the current year.

Expedia Group Dividend Announcement

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 given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, May 28th. Expedia Group’s payout ratio is presently 16.90%.

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 940 shares of Expedia Group 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 of the company’s stock, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.20% of the company’s stock.

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.