Expedia Group, Inc. $EXPE Position Increased by Gotham Asset Management LLC

Gotham Asset Management LLC raised its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 45.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 220,113 shares of the online travel company’s stock after acquiring an additional 69,223 shares during the period. Gotham Asset Management LLC’s holdings in Expedia Group were worth $62,360,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Motiv8 Investments LLC bought a new stake in shares of Expedia Group during the 4th quarter worth $25,000. Entrust Financial LLC acquired a new stake in shares of Expedia Group during the fourth quarter worth $26,000. JFS Wealth Advisors LLC lifted its holdings in shares of Expedia Group by 78.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after purchasing an additional 44 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in shares of Expedia Group in the 4th quarter valued at $29,000. Finally, Rossby Financial LCC increased its stake in Expedia Group by 103.8% in the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EXPE shares. Piper Sandler boosted their price objective on Expedia Group from $225.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. DA Davidson reduced their price target on shares of Expedia Group from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Wells Fargo & Company decreased their price objective on shares of Expedia Group from $310.00 to $307.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Morgan Stanley lifted their price objective on shares of Expedia Group from $270.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Finally, Truist Financial reduced their target price on Expedia Group from $252.00 to $246.00 and set a “hold” rating for the company in a report on Monday, April 6th. Sixteen analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $284.42.

Expedia Group Trading Down 1.7%

NASDAQ:EXPE opened at $239.47 on Thursday. Expedia Group, Inc. has a 12 month low of $160.00 and a 12 month high of $303.80. The firm has a market cap of $29.34 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 0.64 and a beta of 1.25. 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 company’s 50 day moving average is $234.78 and its 200-day moving average is $246.81.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data 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 net margin of 9.81% and a return on equity of 84.33%. The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the firm earned $0.40 EPS. Expedia Group’s quarterly revenue was up 14.7% compared to the same quarter last year. Equities analysts anticipate that Expedia Group, Inc. will post 17.07 EPS for the current year.

Expedia Group Dividend Announcement

The firm 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 $0.48 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. Expedia Group’s dividend payout ratio (DPR) is 16.90%.

Insider Activity at Expedia Group

In related 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 transaction of $1,095,566.00. Following the transaction, the insider owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. The trade was a 4.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 940 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the transaction, 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 SEC filing for this sale provides additional information. Insiders own 5.20% of the company’s stock.

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.