Clearbridge Investments LLC Sells 62,299 Shares of Expedia Group, Inc. $EXPE

Clearbridge Investments LLC trimmed its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 14.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 377,276 shares of the online travel company’s stock after selling 62,299 shares during the period. Clearbridge Investments LLC’s holdings in Expedia Group were worth $106,886,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EXPE. Norges Bank bought a new stake in shares of Expedia Group during the 4th quarter worth $861,979,000. Wellington Management Group LLP raised its stake in shares of Expedia Group by 24,899.5% during 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 during the period. AQR Capital Management LLC raised its stake in shares of Expedia Group by 25.0% during 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 period. Voloridge Investment Management LLC raised its stake in shares of Expedia Group by 465.6% during 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 during the period. Finally, Tidal Investments LLC raised its stake in shares of Expedia Group by 1,933.8% during the 3rd quarter. Tidal Investments LLC now owns 357,635 shares of the online travel company’s stock worth $76,444,000 after purchasing an additional 340,050 shares during the period. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Performance

Shares of EXPE opened at $225.90 on Tuesday. The firm has a market cap of $27.68 billion, a PE ratio of 19.89, a PEG ratio of 0.60 and a beta of 1.25. The stock’s fifty day moving average price is $234.20 and its two-hundred day moving average price is $247.69. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a 1 year low of $160.00 and a 1 year high of $303.80.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data 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 return on equity of 84.33% and a net margin of 9.81%.The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the previous year, the company posted $0.40 EPS. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, equities research analysts forecast that Expedia Group, Inc. will post 17.07 EPS for the current year.

Expedia Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, May 28th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, May 28th. Expedia Group’s payout ratio is presently 16.90%.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 4,702 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the sale, the insider directly owned 105,448 shares in the company, valued at approximately $24,569,384. The trade was a 4.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the sale, the chief accounting officer owned 14,083 shares in the company, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Expedia Group from $244.00 to $230.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Morgan Stanley boosted their target price on Expedia Group from $270.00 to $290.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Zacks Research lowered Expedia Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Bank of America boosted their target price on Expedia Group from $303.00 to $306.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Argus lowered their target price on Expedia Group from $345.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Sixteen equities research 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 stock has an average rating of “Hold” and an average price target of $284.42.

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.