QRG Capital Management Inc. Sells 12,556 Shares of Expedia Group, Inc. $EXPE

QRG Capital Management Inc. lowered its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 73.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,641 shares of the online travel company’s stock after selling 12,556 shares during the quarter. QRG Capital Management Inc.’s holdings in Expedia Group were worth $992,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EXPE. Brighton Jones LLC purchased a new position in Expedia Group during the fourth quarter worth $408,000. NewEdge Advisors LLC lifted its holdings in shares of Expedia Group by 5.0% in the 1st quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock worth $917,000 after acquiring an additional 259 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Expedia Group in the 2nd quarter worth about $596,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Expedia Group by 43.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 45,355 shares of the online travel company’s stock worth $8,004,000 after purchasing an additional 13,751 shares during the period. Finally, UMB Bank n.a. grew its holdings in Expedia Group by 69.0% during the 2nd quarter. UMB Bank n.a. now owns 943 shares of the online travel company’s stock valued at $159,000 after purchasing an additional 385 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Down 4.5%

Shares of NASDAQ EXPE opened at $272.15 on Wednesday. Expedia Group, Inc. has a 12-month low of $130.01 and a 12-month high of $303.80. The stock’s fifty day simple moving average is $274.75 and its two-hundred day simple moving average is $232.18. The stock has a market capitalization of $33.35 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.72.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, topping the consensus estimate of $7.10 by $0.47. The firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.28 billion. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $6.13 EPS. As a group, analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently declared 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. This represents a $1.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, November 19th. Expedia Group’s dividend payout ratio is presently 15.31%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of Expedia Group from $205.00 to $250.00 in a research note on Friday, November 7th. Truist Financial set a $210.00 target price on Expedia Group in a research note on Monday, October 27th. Citigroup raised their price target on Expedia Group from $206.00 to $281.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. JPMorgan Chase & Co. upped their price objective on Expedia Group from $225.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Finally, Piper Sandler upgraded Expedia Group from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $190.00 to $250.00 in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and twenty-four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Expedia Group presently has a consensus rating of “Hold” and an average target price of $288.32.

Insider Activity

In related news, CAO Lance A. Soliday sold 849 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $248.08, for a total transaction of $210,619.92. Following the completion of the sale, the chief accounting officer owned 11,662 shares of the company’s stock, valued at $2,893,108.96. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $258.00, for a total transaction of $258,000.00. Following the completion of the sale, the director owned 2,916 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders have sold 4,849 shares of company stock worth $1,283,270. Corporate insiders own 9.13% of the company’s stock.

Expedia Group 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.