Patton Fund Management Inc. Cuts Position in Expedia Group, Inc. $EXPE

Patton Fund Management Inc. decreased its position in Expedia Group, Inc. (NASDAQ:EXPE) by 63.2% during the 1st quarter, Holdings Channel reports. The fund owned 10,935 shares of the online travel company’s stock after selling 18,788 shares during the quarter. Patton Fund Management Inc.’s holdings in Expedia Group were worth $2,525,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Windacre Partnership LLC grew its stake 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 worth $787,049,000 after purchasing an additional 309,900 shares in the last quarter. AQR Capital Management LLC increased its holdings in Expedia Group by 25.0% in 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 last quarter. Invesco Ltd. raised its stake in Expedia Group by 8.0% in 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 in the last quarter. Norges Bank acquired a new stake in Expedia Group in the fourth quarter valued at $861,979,000. Finally, Wellington Management Group LLP lifted its holdings in Expedia Group by 24,899.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock worth $386,560,000 after buying an additional 1,801,232 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 940 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total value of $208,548.40. Following the completion of the sale, the chief accounting officer directly owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was 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 in the company, valued at approximately $24,569,384. This trade represents a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

EXPE has been the subject of several analyst reports. Robert W. Baird set a $290.00 price objective on Expedia Group in a research report on Friday, May 8th. Dbs Bank raised Expedia Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, May 11th. Morgan Stanley boosted their target price on Expedia Group from $270.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Citic Securities lowered their price target on Expedia Group from $337.00 to $320.00 and set a “buy” rating for the company in a report on Friday, May 15th. Finally, Gordon Haskett dropped their price target on shares of Expedia Group from $320.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Sixteen analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $284.42.

Expedia Group Stock Performance

NASDAQ EXPE opened at $263.29 on Monday. The company has a fifty day moving average of $236.29 and a two-hundred day moving average of $246.21. The company has a market capitalization of $32.26 billion, a PE ratio of 23.18, a P/E/G ratio of 0.69 and a beta of 1.25. Expedia Group, Inc. has a 1 year low of $166.22 and a 1 year high of $303.80. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last posted its 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. 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 for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. As a group, analysts expect that Expedia Group, Inc. will post 16.98 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.92 annualized dividend and a yield of 0.7%. 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.