Geode Capital Management LLC Decreases Stock Position in Expedia Group, Inc. $EXPE

Geode Capital Management LLC reduced its position in Expedia Group, Inc. (NASDAQ:EXPE) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,320,316 shares of the online travel company’s stock after selling 89,422 shares during the quarter. Geode Capital Management LLC’s holdings in Expedia Group were worth $938,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Windacre Partnership LLC boosted its position in Expedia Group by 9.2% during the third quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock worth $787,049,000 after purchasing an additional 309,900 shares during the period. AQR Capital Management LLC boosted its position in Expedia Group by 25.0% during the third 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. Invesco Ltd. boosted its position in Expedia Group by 8.0% during the third quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock worth $667,507,000 after purchasing an additional 230,176 shares during the period. Wellington Management Group LLP boosted its position in Expedia Group by 24,899.5% during the third 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. Finally, Legal & General Group Plc boosted its position in Expedia Group by 3.1% during the third quarter. Legal & General Group Plc now owns 952,038 shares of the online travel company’s stock worth $203,498,000 after purchasing an additional 28,412 shares during the period. Institutional investors own 90.76% of the company’s stock.

Expedia Group Price Performance

Shares of Expedia Group stock opened at $225.79 on Friday. Expedia Group, Inc. has a 12 month low of $160.00 and a 12 month high of $303.80. The firm has a market capitalization of $27.67 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 0.70 and a beta of 1.30. The business’s 50-day moving average price is $235.30 and its 200-day moving average price is $249.18. 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 (NASDAQ:EXPE) last announced 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 net margin of 9.81% and a return on equity of 84.33%. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the prior year, the company earned $0.40 EPS. The firm’s revenue was up 14.7% on a year-over-year basis. Sell-side analysts forecast that Expedia Group, Inc. will post 17.07 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, May 28th. Expedia Group’s payout ratio is 16.90%.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 8,225 shares of Expedia Group stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total value of $1,816,244.50. Following the transaction, the insider directly owned 102,480 shares of the company’s stock, valued at $22,629,633.60. The trade was a 7.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Lance A. Soliday sold 940 shares of Expedia Group stock in a transaction on Tuesday, May 26th. The stock was 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. The trade was a 6.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on EXPE. Barclays increased their target price on Expedia Group from $260.00 to $264.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Citic Securities dropped their target price on Expedia Group from $337.00 to $320.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Cantor Fitzgerald reiterated a “neutral” rating and set a $240.00 price target on shares of Expedia Group in a research report on Monday, April 27th. Bank of America upped their price target on Expedia Group from $303.00 to $306.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Finally, Citizens Jmp reiterated a “market perform” rating on shares of Expedia Group in a research report on Tuesday, February 17th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.