Janney Montgomery Scott LLC Reduces Position in Expedia Group, Inc. $EXPE

Janney Montgomery Scott LLC decreased its position in Expedia Group, Inc. (NASDAQ:EXPE) by 31.8% during the 1st quarter, Holdings Channel reports. The firm owned 33,305 shares of the online travel company’s stock after selling 15,555 shares during the period. Janney Montgomery Scott LLC’s holdings in Expedia Group were worth $7,690,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Oliver Luxxe Assets LLC purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $3,164,000. Corient Private Wealth LLC lifted its stake in Expedia Group by 17.8% in the fourth quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company’s stock worth $17,344,000 after acquiring an additional 9,256 shares during the period. 44 Wealth Management LLC purchased a new stake in Expedia Group in the third quarter worth $1,358,000. Swiss Life Asset Management Ltd boosted its holdings in Expedia Group by 48.6% in the third quarter. Swiss Life Asset Management Ltd now owns 43,222 shares of the online travel company’s stock valued at $9,239,000 after acquiring an additional 14,143 shares in the last quarter. Finally, Monument Capital Management bought a new stake in Expedia Group in the fourth quarter valued at $2,781,000. Institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Expedia Group from $307.00 to $303.00 and set an “equal weight” rating on the stock in a research report on Tuesday. B. Riley Financial dropped their target price 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 set a $330.00 target price on shares of Expedia Group in a research note on Tuesday, June 9th. Morgan Stanley boosted their price target on shares of Expedia Group from $270.00 to $290.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Finally, 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. Sixteen analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $284.30.

Insider Activity

In other news, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction that occurred on 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 $3,124,454.38. The trade was a 6.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert J. Dzielak sold 4,702 shares of the business’s stock in a transaction that occurred on 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 sale, the insider directly owned 105,448 shares in the company, valued at approximately $24,569,384. This represents a 4.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 5.20% of the company’s stock.

Expedia Group Price Performance

EXPE opened at $268.69 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. The company has a market cap of $32.93 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 0.71 and a beta of 1.23. The stock has a fifty day simple moving average of $236.11 and a two-hundred day simple moving average of $246.11. Expedia Group, Inc. has a 12-month low of $171.27 and a 12-month high of $303.80.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 EPS. Research analysts predict that Expedia Group, Inc. will post 16.98 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.92 annualized dividend and a yield of 0.7%. Expedia Group’s payout ratio is presently 16.90%.

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.