Intech Investment Management LLC Sells 58,453 Shares of Expedia Group, Inc. $EXPE

Intech Investment Management LLC reduced its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 84.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,452 shares of the online travel company’s stock after selling 58,453 shares during the quarter. Intech Investment Management LLC’s holdings in Expedia Group were worth $2,234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Grey Fox Wealth Advisors LLC acquired a new position in Expedia Group during the third quarter worth $30,000. Spire Wealth Management lifted its position in Expedia Group by 114.3% during the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock worth $25,000 after buying an additional 80 shares in the last quarter. Rossby Financial LCC boosted its stake in shares of Expedia Group by 103.8% during the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after buying an additional 82 shares during the last quarter. SOA Wealth Advisors LLC. bought a new position in shares of Expedia Group in the 3rd quarter valued at about $36,000. Finally, Armstrong Advisory Group Inc. grew its holdings in shares of Expedia Group by 212.7% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock valued at $37,000 after acquiring an additional 117 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Price Performance

Shares of EXPE opened at $215.14 on Wednesday. The company’s 50-day moving average is $255.67 and its 200-day moving average is $241.95. 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 firm has a market capitalization of $26.36 billion, a PE ratio of 21.84, a PEG ratio of 0.66 and a beta of 1.41. Expedia Group, Inc. has a fifty-two week low of $130.01 and a fifty-two week high of $303.80.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.46. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.41 billion. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. Expedia Group’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.39 EPS. Equities analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th 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 0.9%. This is an increase from Expedia Group’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, March 5th. Expedia Group’s dividend payout ratio is 16.24%.

Analyst Ratings Changes

Several research analysts recently commented on EXPE shares. Wall Street Zen raised Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. BTIG Research reissued a “buy” rating and issued a $330.00 price objective on shares of Expedia Group in a report on Friday, February 13th. CICC Research upgraded shares of Expedia Group from a “market perform” rating to an “outperform” rating and set a $271.00 target price on the stock in a report on Monday, November 10th. Sanford C. Bernstein upped their price target on shares of Expedia Group from $210.00 to $256.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 6th. Finally, Jefferies Financial Group lifted their price objective on shares of Expedia Group from $270.00 to $285.00 and gave the company a “hold” rating in a research report on Thursday, December 11th. Thirteen analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $281.74.

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.