Hsbc Holdings PLC Boosts Holdings in Expedia Group, Inc. $EXPE

Hsbc Holdings PLC increased its stake in shares of Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,805 shares of the online travel company’s stock after acquiring an additional 7,127 shares during the quarter. Hsbc Holdings PLC’s holdings in Expedia Group were worth $57,151,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Windacre Partnership LLC grew its holdings in shares of Expedia Group by 9.2% during the third quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock worth $787,049,000 after purchasing an additional 309,900 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Expedia Group by 25.0% during the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after purchasing an additional 728,063 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Expedia Group by 8.0% in the 3rd quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock valued at $667,507,000 after purchasing an additional 230,176 shares during the last quarter. Norges Bank purchased a new stake in shares of Expedia Group in the 4th quarter valued at about $861,979,000. Finally, Wellington Management Group LLP boosted its position in shares of 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 valued at $386,560,000 after purchasing an additional 1,801,232 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Expedia Group

In related news, CAO Lance A. Soliday sold 940 shares of the stock in a transaction on Tuesday, May 26th. The stock was 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 directly owned 14,083 shares of the company’s stock, valued at $3,124,454.38. This trade represents a 6.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 4,702 shares of Expedia Group stock in a transaction on Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the completion of the transaction, the insider owned 105,448 shares in the company, valued at approximately $24,569,384. This trade represents a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.20% of the stock is owned by company insiders.

Expedia Group Stock Performance

Shares of EXPE stock opened at $238.02 on Tuesday. The stock’s 50-day moving average price is $235.34 and its 200 day moving average price is $246.40. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. The stock has a market capitalization of $29.17 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 0.63 and a beta of 1.25. Expedia Group, Inc. has a 52-week low of $160.00 and a 52-week high of $303.80.

Expedia Group (NASDAQ:EXPEGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share 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 company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same period last year, the firm earned $0.40 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities research analysts forecast that Expedia Group, Inc. will post 17.07 EPS for the current year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, May 28th. Expedia Group’s dividend payout ratio is 16.90%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Gordon Haskett cut their price target on Expedia Group from $320.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. UBS Group reduced their price objective on Expedia Group from $266.00 to $262.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. B. Riley Financial decreased their price objective on Expedia Group from $360.00 to $350.00 and set a “buy” rating for the company in a report on Monday, April 27th. Piper Sandler raised their target price on shares of Expedia Group from $225.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Wall Street Zen raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Sixteen analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $284.42.

Check Out Our Latest Stock Report on Expedia Group

Expedia Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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