HighTower Advisors LLC Sells 7,285 Shares of Expedia Group, Inc. $EXPE

HighTower Advisors LLC decreased its position in Expedia Group, Inc. (NASDAQ:EXPE) by 8.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 79,772 shares of the online travel company’s stock after selling 7,285 shares during the quarter. HighTower Advisors LLC’s holdings in Expedia Group were worth $22,600,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Auxano Advisors LLC bought a new stake in shares of Expedia Group in the 4th quarter worth $2,601,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Expedia Group in the 4th quarter worth $258,000. Entrust Financial LLC bought a new stake in shares of Expedia Group in the 4th quarter worth $26,000. Mission Wealth Management LP bought a new stake in shares of Expedia Group in the 4th quarter worth $211,000. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Expedia Group in the 4th quarter worth $218,000. Institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Gordon Haskett reduced 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. Piper Sandler upped their target price on shares of Expedia Group from $225.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Argus reduced their target price on shares of Expedia Group from $345.00 to $250.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Truist Financial cut their price target on shares of Expedia Group from $252.00 to $246.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Finally, Citic Securities cut their price target on shares of Expedia Group from $337.00 to $320.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $284.42.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the sale, the insider directly owned 102,480 shares of the company’s stock, valued at $22,629,633.60. This represents a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.20% of the stock is currently owned by company insiders.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $214.65 on Friday. The company’s 50-day moving average is $236.33 and its 200 day moving average is $249.19. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $26.30 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 0.67 and a beta of 1.30. Expedia Group, Inc. has a fifty-two week low of $156.18 and a fifty-two week high of $303.80.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. On average, equities research analysts forecast that Expedia Group, Inc. will post 16.64 earnings per share for the current year.

Expedia Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.92 annualized dividend and a yield of 0.9%. Expedia Group’s dividend payout ratio is 16.90%.

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.