Expedia Group (NASDAQ:EXPE) Shares Down 16% – Here’s Why

Shares of Expedia Group, Inc. (NASDAQ:EXPE) were down 16% during trading on Tuesday . The company traded as low as $232.25 and last traded at $232.4140. Approximately 4,543,738 shares changed hands during trading, an increase of 147% from the average daily volume of 1,837,001 shares. The stock had previously closed at $276.67.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EXPE shares. Cantor Fitzgerald lifted their price objective on shares of Expedia Group from $220.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Piper Sandler raised Expedia Group from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $190.00 to $250.00 in a report on Friday, November 7th. BMO Capital Markets lifted their price target on Expedia Group from $205.00 to $250.00 in a research report on Friday, November 7th. Barclays increased their price objective on Expedia Group from $220.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 21st. Finally, KeyCorp assumed coverage on Expedia Group in a report on Wednesday, October 22nd. They set a “sector weight” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and twenty-two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $291.52.

Expedia Group Stock Performance

The firm has a market capitalization of $28.73 billion, a PE ratio of 22.44, a PEG ratio of 0.86 and a beta of 1.42. 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 company has a 50-day moving average of $278.30 and a 200 day moving average of $237.93.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $7.10 by $0.47. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter last year, the firm posted $6.13 EPS. The company’s revenue was up 8.7% compared to the same quarter last year. Equities research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, November 19th. This represents a $1.60 annualized dividend and a yield of 0.7%. Expedia Group’s payout ratio is presently 15.31%.

Insiders Place Their Bets

In other news, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $271.55, for a total transaction of $814,650.00. Following the completion of the sale, the director directly owned 30,858 shares of the company’s stock, valued at approximately $8,379,489.90. The trade was a 8.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $258.00, for a total transaction of $258,000.00. Following the completion of the transaction, the director owned 2,916 shares of the company’s stock, valued at $752,328. This trade represents a 25.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,849 shares of company stock valued at $1,283,270 in the last quarter. Corporate insiders own 9.13% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Expedia Group during the 2nd quarter valued at about $663,882,000. Wellington Management Group LLP lifted its position in Expedia Group by 24,899.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock worth $386,560,000 after buying an additional 1,801,232 shares during the last quarter. AQR Capital Management LLC boosted its stake in Expedia Group by 102.0% in the second quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock worth $492,152,000 after buying an additional 1,473,386 shares in the last quarter. LSV Asset Management grew its position in Expedia Group by 497.0% during the second quarter. LSV Asset Management now owns 871,837 shares of the online travel company’s stock valued at $147,061,000 after acquiring an additional 725,797 shares during the last quarter. Finally, Voloridge Investment Management LLC grew its position in Expedia Group by 465.6% during the third quarter. Voloridge Investment Management LLC now owns 452,867 shares of the online travel company’s stock valued at $96,800,000 after acquiring an additional 372,798 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

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.