Pacer Advisors Inc. cut its stake in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 943,775 shares of the online travel company’s stock after selling 59,156 shares during the quarter. Pacer Advisors Inc.’s holdings in Expedia Group were worth $267,381,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. CI Investments Inc. raised its position in Expedia Group by 1,735.0% during the third quarter. CI Investments Inc. now owns 42,223 shares of the online travel company’s stock valued at $9,025,000 after acquiring an additional 39,922 shares in the last quarter. Oliver Luxxe Assets LLC purchased a new stake in Expedia Group during the 4th quarter worth about $3,164,000. 44 Wealth Management LLC acquired a new stake in Expedia Group in the third quarter valued at approximately $1,358,000. Swiss Life Asset Management Ltd grew its stake in shares of Expedia Group by 48.6% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 43,222 shares of the online travel company’s stock valued at $9,239,000 after purchasing an additional 14,143 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Expedia Group by 2.8% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 237,523 shares of the online travel company’s stock valued at $50,771,000 after purchasing an additional 6,570 shares during the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Expedia Group news, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $233.00, for a total value of $1,095,566.00. Following the completion of the sale, the insider directly owned 105,448 shares of the company’s stock, valued at $24,569,384. This represents a 4.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Lance A. Soliday sold 940 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the sale, the chief accounting officer owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 5.20% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Report on EXPE
Expedia Group Price Performance
Shares of NASDAQ:EXPE opened at $240.90 on Friday. The business has a 50-day moving average of $235.11 and a two-hundred day moving average of $246.70. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a fifty-two week low of $160.00 and a fifty-two week high of $303.80. The stock has a market capitalization of $29.52 billion, a P/E ratio of 21.21, a P/E/G ratio of 0.63 and a beta of 1.25.
Expedia Group (NASDAQ:EXPE – Get Free Report) last announced its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the prior year, the business earned $0.40 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. On average, equities research analysts predict that Expedia Group, Inc. will post 17.07 EPS for the current fiscal year.
Expedia Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were paid a dividend of $0.48 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.92 annualized dividend and a yield of 0.8%. Expedia Group’s dividend payout ratio is presently 16.90%.
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.
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