Swiss Life Asset Management Ltd Sells 4,699 Shares of Expedia Group, Inc. $EXPE

Swiss Life Asset Management Ltd cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 10.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 38,523 shares of the online travel company’s stock after selling 4,699 shares during the period. Swiss Life Asset Management Ltd’s holdings in Expedia Group were worth $10,914,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Windacre Partnership LLC increased its position 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 valued at $787,049,000 after buying an additional 309,900 shares during the period. 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 valued at $779,275,000 after buying an additional 728,063 shares during the period. Invesco Ltd. increased its position in shares of Expedia Group by 8.0% during the third quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock valued at $667,507,000 after buying an additional 230,176 shares during the period. Wellington Management Group LLP increased its position in shares of Expedia Group by 24,899.5% during the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after buying an additional 1,801,232 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Expedia Group by 3.1% in the 3rd quarter. Legal & General Group Plc now owns 952,038 shares of the online travel company’s stock valued at $203,498,000 after acquiring an additional 28,412 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EXPE. Cantor Fitzgerald restated a “neutral” rating and issued a $240.00 price objective on shares of Expedia Group in a research report on Monday, April 27th. UBS Group decreased their price objective on shares of Expedia Group from $266.00 to $262.00 and set a “neutral” rating on the stock in a research report on Friday. Wells Fargo & Company decreased their price objective on shares of Expedia Group from $310.00 to $307.00 and set an “equal weight” rating on the stock in a research report on Friday. Robert W. Baird set a $290.00 price objective on shares of Expedia Group in a research report on Friday. Finally, BTIG Research restated a “buy” rating and issued a $330.00 price objective on shares of Expedia Group in a research report on Friday, May 8th. Fifteen equities research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to data from MarketBeat, Expedia Group has an average rating of “Hold” and an average price target of $283.87.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of Expedia Group stock in a transaction that occurred on 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 transaction, the insider directly owned 102,480 shares of the company’s stock, valued at $22,629,633.60. The trade was a 7.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.81% of the stock is owned by company insiders.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $221.48 on Wednesday. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. The business has a 50 day moving average of $238.77 and a 200 day moving average of $249.61. The company has a market capitalization of $27.14 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 0.69 and a beta of 1.30. Expedia Group, Inc. has a 1-year low of $156.05 and a 1-year high of $303.80.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. On average, sell-side 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 declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, May 28th. Expedia Group’s payout ratio is 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.