Securian Asset Management Inc. decreased its position in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 44.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,182 shares of the online travel company’s stock after selling 2,558 shares during the quarter. Securian Asset Management Inc.’s holdings in Expedia Group were worth $901,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of EXPE. CI Investments Inc. lifted its stake in Expedia Group by 1,735.0% in the 3rd quarter. CI Investments Inc. now owns 42,223 shares of the online travel company’s stock worth $9,025,000 after acquiring an additional 39,922 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in Expedia Group during the 3rd quarter valued at about $1,063,000. Convergence Investment Partners LLC acquired a new position in shares of Expedia Group in the 3rd quarter valued at about $1,001,000. National Pension Service increased its holdings in shares of Expedia Group by 6.7% in the 3rd quarter. National Pension Service now owns 248,328 shares of the online travel company’s stock valued at $53,080,000 after purchasing an additional 15,611 shares during the period. Finally, Savant Capital LLC lifted its position in shares of Expedia Group by 13.9% in the third quarter. Savant Capital LLC now owns 39,700 shares of the online travel company’s stock worth $8,486,000 after purchasing an additional 4,853 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total value of $1,816,244.50. Following the completion of the sale, the insider owned 102,480 shares of the company’s stock, valued at $22,629,633.60. The trade was a 7.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.81% of the stock is currently owned by company insiders.
Expedia Group Price Performance
Expedia Group (NASDAQ:EXPE – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the prior year, the business posted $0.40 EPS. Expedia Group’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, equities analysts predict that Expedia Group, Inc. will post 16.64 earnings per share for the current fiscal year.
Expedia Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, May 28th. Expedia Group’s dividend payout ratio (DPR) is 16.90%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. HSBC boosted their price objective on shares of Expedia Group from $365.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Benchmark decreased their target price on shares of Expedia Group from $310.00 to $290.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Weiss Ratings cut shares of Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Citizens Jmp reaffirmed a “market perform” rating on shares of Expedia Group in a research note on Tuesday, February 17th. Finally, Citigroup cut their price objective on Expedia Group from $281.00 to $225.00 and set a “buy” rating for the company in a report on Friday, February 20th. Sixteen research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $284.06.
Read Our Latest Stock Report on Expedia Group
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.
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