Kovitz Investment Group Partners LLC Reduces Stock Holdings in Expedia Group, Inc. $EXPE

Kovitz Investment Group Partners LLC lowered its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 63.4% during the fourth quarter, Holdings Channel reports. The fund owned 7,680 shares of the online travel company’s stock after selling 13,301 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Expedia Group were worth $2,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Motiv8 Investments LLC acquired a new position in Expedia Group during the fourth quarter valued at $25,000. Entrust Financial LLC acquired a new stake in Expedia Group during the 4th quarter worth about $26,000. JFS Wealth Advisors LLC raised its stake in shares of Expedia Group by 78.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after buying an additional 44 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in shares of Expedia Group in the 4th quarter valued at about $29,000. Finally, Rossby Financial LCC lifted its holdings in shares of Expedia Group by 103.8% in the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock valued at $35,000 after buying an additional 82 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

NASDAQ EXPE opened at $240.90 on Friday. The stock has a market capitalization of $29.52 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 0.63 and a beta of 1.25. The stock has a 50-day moving average of $235.19 and a 200 day moving average of $246.66. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. Expedia Group, Inc. has a twelve month low of $160.00 and a twelve month high of $303.80.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.41 by $0.55. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.Expedia Group’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. Sell-side analysts anticipate that Expedia Group, Inc. will post 17.07 EPS for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were given a dividend of $0.48 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. Expedia Group’s dividend payout ratio (DPR) is 16.90%.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the transaction, the chief accounting officer directly owned 14,083 shares in the company, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. 5.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on EXPE. UBS Group dropped their target price on Expedia Group from $266.00 to $262.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Wells Fargo & Company lowered their price objective on Expedia Group from $310.00 to $307.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. B. Riley Financial dropped their price objective on shares of Expedia Group from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $240.00 target price on shares of Expedia Group in a report on Monday, April 27th. Finally, Gordon Haskett decreased their target price on shares of Expedia Group from $320.00 to $290.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $284.42.

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.