Tran Capital Management L.P. Sells 4,287 Shares of Expedia Group, Inc. $EXPE

Tran Capital Management L.P. reduced its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,347 shares of the online travel company’s stock after selling 4,287 shares during the period. Expedia Group makes up approximately 1.6% of Tran Capital Management L.P.’s investment portfolio, making the stock its 22nd biggest position. Tran Capital Management L.P.’s holdings in Expedia Group were worth $13,414,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC grew its holdings in shares of Expedia Group by 0.4% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 9,814 shares of the online travel company’s stock worth $2,098,000 after purchasing an additional 38 shares in the last quarter. RHS Financial LLC increased its holdings in Expedia Group by 4.0% in the 4th quarter. RHS Financial LLC now owns 1,030 shares of the online travel company’s stock valued at $292,000 after buying an additional 40 shares during the period. Harbor Investment Advisory LLC raised its position in shares of Expedia Group by 16.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 319 shares of the online travel company’s stock valued at $90,000 after buying an additional 44 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings 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 worth $28,000 after acquiring an additional 44 shares during the period. Finally, True Wealth Design LLC lifted its holdings in shares of Expedia Group by 3.4% during the 4th quarter. True Wealth Design LLC now owns 1,382 shares of the online travel company’s stock worth $392,000 after acquiring an additional 45 shares during the period. Institutional investors own 90.76% of the company’s stock.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 102,480 shares in the company, valued at approximately $22,629,633.60. This trade represents a 7.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.13% of the company’s stock.

Expedia Group Stock Performance

NASDAQ EXPE opened at $225.30 on Friday. The company has a market capitalization of $27.61 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 0.69 and a beta of 1.33. Expedia Group, Inc. has a twelve month low of $130.01 and a twelve month high of $303.80. The stock has a fifty day simple moving average of $231.07 and a 200 day simple moving average of $244.78. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.75.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 12th. The online travel company reported $3.78 EPS for the quarter, topping the consensus estimate of $3.32 by $0.46. The firm 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 business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.39 EPS. Sell-side analysts expect 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 was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $1.92 dividend on an annualized basis and a yield of 0.9%. This is a boost from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s payout ratio is currently 19.49%.

Wall Street Analyst Weigh In

EXPE has been the topic of a number of recent analyst reports. Evercore reissued an “outperform” rating on shares of Expedia Group in a research note on Monday, February 9th. B. Riley Financial raised their target price on Expedia Group from $300.00 to $360.00 and gave the company a “buy” rating in a report on Monday, January 12th. Zacks Research downgraded Expedia Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Piper Sandler reiterated a “neutral” rating and issued a $225.00 target price (down from $250.00) on shares of Expedia Group in a research report on Friday, February 13th. Finally, Robert W. Baird raised their price target on shares of Expedia Group from $280.00 to $282.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Fourteen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Expedia Group has an average rating of “Hold” and a consensus price target of $282.65.

Expedia Group 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.