Expedia Group, Inc. $EXPE Stock Holdings Lowered by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lessened its position in Expedia Group, Inc. (NASDAQ:EXPE) by 61.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,672 shares of the online travel company’s stock after selling 27,128 shares during the period. Polar Asset Management Partners Inc.’s holdings in Expedia Group were worth $3,564,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EXPE. Grey Fox Wealth Advisors LLC acquired a new position in Expedia Group during the 3rd quarter valued at about $30,000. Rossby Financial LCC increased its stake in shares of Expedia Group by 103.8% in the third quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock valued at $35,000 after purchasing an additional 82 shares during the period. SOA Wealth Advisors LLC. bought a new stake in shares of Expedia Group during the third quarter valued at approximately $36,000. Armstrong Advisory Group Inc. raised its holdings in shares of Expedia Group by 212.7% during the third quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock valued at $37,000 after buying an additional 117 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its position in shares of Expedia Group by 970.6% during the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after buying an additional 165 shares during the period. 90.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 8,225 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the completion of the transaction, the insider owned 102,480 shares of the company’s stock, valued at $22,629,633.60. This trade represents a 7.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 9.13% of the stock is owned by corporate insiders.

Expedia Group Price Performance

NASDAQ EXPE opened at $239.41 on Friday. Expedia Group, Inc. has a 12 month low of $130.01 and a 12 month high of $303.80. The firm has a market capitalization of $29.34 billion, a PE ratio of 24.31, a P/E/G ratio of 0.74 and a beta of 1.41. The company’s 50 day simple moving average is $243.03 and its 200 day simple moving average is $243.63. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73.

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

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. This is a positive change from Expedia Group’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, March 5th. Expedia Group’s payout ratio is currently 19.49%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Benchmark decreased their price objective on Expedia Group from $310.00 to $290.00 and set a “buy” rating for the company in a report on Friday, February 13th. BNP Paribas Exane assumed coverage on Expedia Group in a research note on Monday, November 24th. They set a “hold” rating on the stock. BMO Capital Markets boosted their price target on Expedia Group from $250.00 to $255.00 and gave the stock a “market perform” rating in a research report on Friday, February 13th. Weiss Ratings cut Expedia Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Finally, Piper Sandler reissued a “neutral” rating and set a $225.00 price target (down from $250.00) on shares of Expedia Group in a report on Friday, February 13th. Thirteen investment analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Expedia Group presently has an average rating of “Hold” and an average target price of $281.65.

About Expedia Group

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.