Sterling Capital Management LLC Boosts Stock Position in Expedia Group, Inc. $EXPE

Sterling Capital Management LLC raised its holdings in Expedia Group, Inc. (NASDAQ:EXPEFree Report) by 550.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,187 shares of the online travel company’s stock after purchasing an additional 9,468 shares during the quarter. Sterling Capital Management LLC’s holdings in Expedia Group were worth $2,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in EXPE. CI Investments Inc. increased its stake in shares of Expedia Group by 1,735.0% during the 3rd quarter. CI Investments Inc. now owns 42,223 shares of the online travel company’s stock worth $9,025,000 after purchasing an additional 39,922 shares during the last quarter. Oliver Luxxe Assets LLC purchased a new position in Expedia Group in the fourth quarter valued at approximately $3,164,000. Corient Private Wealth LLC lifted its stake in Expedia Group by 17.8% in the fourth quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company’s stock valued at $17,344,000 after purchasing an additional 9,256 shares during the last quarter. 44 Wealth Management LLC bought a new position in Expedia Group during the third quarter valued at $1,358,000. Finally, Swiss Life Asset Management Ltd grew its holdings in Expedia Group by 48.6% during the third 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 period. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on EXPE shares. Sanford C. Bernstein lowered their target price on Expedia Group from $256.00 to $253.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 11th. Gordon Haskett cut their price target on Expedia Group from $320.00 to $290.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Citigroup restated a “neutral” rating on shares of Expedia Group in a research note on Monday, May 18th. DA Davidson dropped their price objective on shares of Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Finally, Piper Sandler increased 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. Sixteen equities research analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $284.42.

View Our Latest Analysis on Expedia Group

Expedia Group Trading Up 0.2%

NASDAQ EXPE opened at $263.29 on Monday. The stock’s 50-day simple moving average is $236.29 and its two-hundred day simple moving average is $246.21. The company has a market capitalization of $32.26 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 0.69 and a beta of 1.25. Expedia Group, Inc. has a twelve month low of $166.22 and a twelve month high of $303.80. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43.

Expedia Group (NASDAQ:EXPEGet Free Report) last issued its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the prior year, the firm earned $0.40 earnings per share. Expedia Group’s revenue for the quarter was up 14.7% on a year-over-year basis. Research analysts forecast that Expedia Group, Inc. will post 16.98 EPS for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. Expedia Group’s dividend payout ratio is 16.90%.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 4,702 shares of the business’s 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. The trade was a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Lance A. Soliday sold 940 shares of the company’s 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.20% of the stock is currently owned by company insiders.

About Expedia Group

(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.

See Also

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

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