Expedia Group, Inc. $EXPE Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC decreased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 6.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 150,890 shares of the online travel company’s stock after selling 9,763 shares during the period. Gotham Asset Management LLC’s holdings in Expedia Group were worth $32,253,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of EXPE. Norges Bank acquired a new stake in Expedia Group in the 2nd quarter worth approximately $663,882,000. Wellington Management Group LLP grew its position in 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 last quarter. AQR Capital Management LLC increased its stake in Expedia Group by 102.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock valued at $492,152,000 after purchasing an additional 1,473,386 shares in the last quarter. LSV Asset Management raised its holdings in shares of Expedia Group by 497.0% in the second quarter. LSV Asset Management now owns 871,837 shares of the online travel company’s stock worth $147,061,000 after buying an additional 725,797 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Expedia Group by 8.0% in the third quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock worth $667,507,000 after buying an additional 230,176 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analysts Set New Price Targets

EXPE has been the topic of a number of research analyst reports. Bank of America boosted their price objective on shares of Expedia Group from $303.00 to $306.00 and gave the company a “buy” rating in a report on Friday, February 13th. The Goldman Sachs Group raised their target price on Expedia Group from $325.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. DA Davidson lowered their price target on Expedia Group from $294.00 to $260.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. BNP Paribas Exane initiated coverage on Expedia Group in a research note on Monday, November 24th. They set a “hold” rating on the stock. Finally, TD Cowen reduced their price objective on Expedia Group from $300.00 to $260.00 and set a “hold” rating for the company in a research note on Friday, February 13th. Thirteen research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $281.65.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 8,225 shares of Expedia Group stock in a transaction that occurred on 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 directly owned 102,480 shares in the company, valued at approximately $22,629,633.60. This trade represents a 7.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.13% of the company’s stock.

Expedia Group Trading Up 1.4%

NASDAQ EXPE opened at $231.46 on Tuesday. Expedia Group, Inc. has a 1 year low of $130.01 and a 1 year high of $303.80. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $28.36 billion, a PE ratio of 23.50, a P/E/G ratio of 0.71 and a beta of 1.41. The company has a fifty day moving average of $246.57 and a 200 day moving average of $243.50.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.46. The company had revenue of $3.55 billion for 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 last year, the firm earned $2.39 EPS. Research analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

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

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.