Expedia Group, Inc. $EXPE Shares Sold by Patient Capital Management LLC

Patient Capital Management LLC decreased its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 3.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,477 shares of the online travel company’s stock after selling 8,378 shares during the quarter. Expedia Group comprises about 2.2% of Patient Capital Management LLC’s portfolio, making the stock its 24th biggest position. Patient Capital Management LLC’s holdings in Expedia Group were worth $54,181,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPE. Joel Isaacson & Co. LLC acquired a new stake in Expedia Group in the third quarter worth about $358,000. Allegiance Financial Group Advisory Services LLC raised its position in shares of Expedia Group by 36.5% in the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 1,691 shares of the online travel company’s stock valued at $361,000 after purchasing an additional 452 shares during the last quarter. Waldron Private Wealth LLC acquired a new stake in Expedia Group in the 3rd quarter worth approximately $235,000. Grey Fox Wealth Advisors LLC purchased a new stake in Expedia Group during the 3rd quarter worth approximately $30,000. Finally, Seizert Capital Partners LLC increased its stake in Expedia Group by 10.8% during the 3rd quarter. Seizert Capital Partners LLC now owns 277,574 shares of the online travel company’s stock valued at $59,331,000 after purchasing an additional 27,059 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Stock Down 4.5%

Expedia Group stock opened at $272.15 on Wednesday. The business’s 50-day moving average price is $274.75 and its 200 day moving average price is $232.18. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.72. The firm has a market cap of $33.35 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43. Expedia Group, Inc. has a 52 week low of $130.01 and a 52 week high of $303.80.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, topping the consensus estimate of $7.10 by $0.47. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.28 billion. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.13 EPS. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were given a $0.40 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.6%. Expedia Group’s dividend payout ratio is 15.31%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays set a $245.00 price objective on shares of Expedia Group in a research note on Wednesday. Bank of America boosted their price target on Expedia Group from $285.00 to $326.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Wedbush increased their price objective on Expedia Group from $250.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Wells Fargo & Company lifted their target price on Expedia Group from $272.00 to $329.00 and gave the stock an “equal weight” rating in a report on Friday, January 9th. Finally, Robert W. Baird upped their target price on Expedia Group from $240.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and twenty-four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $289.13.

Insider Transactions at Expedia Group

In other news, Director Craig A. Jacobson sold 3,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $271.55, for a total transaction of $814,650.00. Following the sale, the director directly owned 30,858 shares in the company, valued at $8,379,489.90. This trade represents a 8.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Lance A. Soliday sold 849 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $248.08, for a total value of $210,619.92. Following the completion of the transaction, the chief accounting officer directly owned 11,662 shares of the company’s stock, valued at $2,893,108.96. The trade was a 6.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,849 shares of company stock valued at $1,283,270 in the last ninety days. 9.13% of the stock is currently owned by corporate insiders.

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.