Nuveen Asset Management LLC Cuts Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Nuveen Asset Management LLC cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,116,784 shares of the online travel company’s stock after selling 57,642 shares during the period. Nuveen Asset Management LLC owned about 0.87% of Expedia Group worth $208,090,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greenleaf Trust boosted its stake in shares of Expedia Group by 2.5% in the 4th quarter. Greenleaf Trust now owns 2,520 shares of the online travel company’s stock valued at $470,000 after buying an additional 61 shares during the period. UMB Bank n.a. grew its holdings in Expedia Group by 14.8% during the 4th quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock worth $91,000 after acquiring an additional 63 shares in the last quarter. Metis Global Partners LLC increased its position in shares of Expedia Group by 1.8% in the 4th quarter. Metis Global Partners LLC now owns 4,149 shares of the online travel company’s stock valued at $773,000 after purchasing an additional 74 shares during the last quarter. Diametric Capital LP raised its holdings in shares of Expedia Group by 1.6% in the 4th quarter. Diametric Capital LP now owns 4,737 shares of the online travel company’s stock valued at $883,000 after purchasing an additional 74 shares in the last quarter. Finally, Foyston Gordon & Payne Inc raised its holdings in shares of Expedia Group by 0.3% in the 4th quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company’s stock valued at $4,124,000 after purchasing an additional 74 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EXPE shares. DA Davidson boosted their target price on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. HSBC raised Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. decreased their target price on Expedia Group from $205.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Piper Sandler cut shares of Expedia Group from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $174.00 to $135.00 in a report on Friday, May 9th. Finally, Morgan Stanley lowered their target price on shares of Expedia Group from $190.00 to $150.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $186.35.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the sale, the insider now owns 74,502 shares of the company’s stock, valued at $15,325,061.40. The trade was a 6.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.80% of the company’s stock.

Expedia Group Stock Down 1.8%

Shares of NASDAQ:EXPE opened at $166.21 on Friday. The company has a market cap of $21.42 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 0.92 and a beta of 1.62. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The firm’s 50-day simple moving average is $160.41 and its 200-day simple moving average is $175.88. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. Expedia Group’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. As a group, equities research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group’s payout ratio is 18.87%.

Expedia Group Company Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.