Resona Asset Management Co. Ltd. Decreases Stake in Expedia Group, Inc. $EXPE

Resona Asset Management Co. Ltd. cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 7.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,820 shares of the online travel company’s stock after selling 2,841 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Expedia Group were worth $8,126,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Expedia Group during the 2nd quarter worth approximately $663,882,000. AQR Capital Management LLC lifted its position in Expedia Group by 102.0% in the second 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 grew its holdings in shares of Expedia Group by 497.0% during 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 last quarter. Meridiem Capital Partners LP acquired a new stake in shares of Expedia Group during the second quarter worth about $26,131,000. Finally, Natixis lifted its holdings in shares of Expedia Group by 1,175.3% in the 2nd 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 last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 849 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $248.08, for a total transaction 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. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $258.00, for a total value of $258,000.00. Following the completion of the transaction, the director owned 2,916 shares of the company’s stock, valued at $752,328. The trade was a 25.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,849 shares of company stock worth $1,283,270 over the last three months. 9.13% of the stock is currently owned by corporate insiders.

Expedia Group Stock Down 0.6%

Shares of NASDAQ:EXPE opened at $269.49 on Tuesday. Expedia Group, Inc. has a fifty-two week low of $130.01 and a fifty-two week high of $303.80. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.72. The firm’s 50-day simple moving average is $275.59 and its 200-day simple moving average is $234.83. The company has a market cap of $33.02 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 0.87 and a beta of 1.43.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, beating analysts’ consensus estimates of $7.10 by $0.47. Expedia Group had a net margin of 9.66% and a return on equity of 64.15%. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter last year, the firm earned $6.13 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. As a group, equities research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The firm 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 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, November 19th. Expedia Group’s dividend payout ratio (DPR) is currently 15.31%.

Wall Street Analyst Weigh In

EXPE has been the topic of a number of research reports. DA Davidson restated a “neutral” rating and set a $294.00 price target on shares of Expedia Group in a research note on Thursday, December 11th. BNP Paribas Exane assumed coverage on shares of Expedia Group in a report on Monday, November 24th. They issued a “hold” rating on the stock. KeyCorp started coverage on shares of Expedia Group in a research note on Wednesday, October 22nd. They set a “sector weight” rating for the company. CICC Research upgraded shares of Expedia Group from a “market perform” rating to an “outperform” rating and set a $271.00 price objective on the stock in a research note on Monday, November 10th. Finally, Wells Fargo & Company upped their target price on shares of Expedia Group from $272.00 to $329.00 and gave the company an “equal weight” rating in a report on Friday, January 9th. One 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $289.13.

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.