Cumberland Partners Ltd Cuts Stock Position in Expedia Group, Inc. $EXPE

Cumberland Partners Ltd lessened its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 21.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,175 shares of the online travel company’s stock after selling 4,375 shares during the period. Cumberland Partners Ltd’s holdings in Expedia Group were worth $3,735,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EXPE. Norges Bank purchased a new stake in shares of Expedia Group in the fourth quarter worth $861,979,000. Wellington Management Group LLP increased its holdings in shares of Expedia Group by 24,899.5% during the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after acquiring an additional 1,801,232 shares in the last quarter. AQR Capital Management LLC raised its position in shares of 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 during the last quarter. First Trust Advisors LP raised its position in shares of Expedia Group by 104.1% in the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock worth $275,112,000 after purchasing an additional 607,698 shares during the last quarter. Finally, Deutsche Bank AG boosted 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. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

EXPE has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. The Goldman Sachs Group reiterated a “buy” rating and issued a $330.00 target price on shares of Expedia Group in a research note on Monday. Wedbush began coverage on shares of Expedia Group in a report on Thursday, July 16th. They set an “outperform” rating and a $334.00 price target on the stock. BTIG Research reissued a “buy” rating and set a $330.00 price target on shares of Expedia Group in a research report on Tuesday, June 9th. Finally, Citic Securities reduced their price target on shares of Expedia Group from $337.00 to $320.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Expedia Group has an average rating of “Hold” and an average target price of $288.64.

Expedia Group Price Performance

NASDAQ EXPE opened at $259.94 on Friday. Expedia Group, Inc. has a one year low of $174.05 and a one year high of $303.80. The stock has a 50-day moving average of $244.54 and a 200 day moving average of $243.99. 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 company has a market capitalization of $31.85 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 0.68 and a beta of 1.23.

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

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were issued a $0.48 dividend. The ex-dividend date was Thursday, May 28th. This represents a $1.92 annualized dividend and a yield of 0.7%. Expedia Group’s dividend payout ratio (DPR) is currently 16.90%.

Insider Buying and Selling

In other news, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction 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 transaction, the insider directly owned 105,448 shares in the company, valued at $24,569,384. This trade represents a 4.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Lance A. Soliday sold 940 shares of Expedia Group stock in a transaction 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 completion of 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 disclosure for this sale is available in the SEC filing. Insiders own 5.20% of the company’s stock.

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.