Ardmore Road Asset Management LP Cuts Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Ardmore Road Asset Management LP lessened its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 65.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,000 shares of the online travel company’s stock after selling 115,000 shares during the quarter. Expedia Group accounts for about 1.6% of Ardmore Road Asset Management LP’s holdings, making the stock its 26th biggest position. Ardmore Road Asset Management LP’s holdings in Expedia Group were worth $11,180,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SRH Advisors LLC purchased a new stake in shares of Expedia Group in the fourth quarter valued at approximately $28,000. Sava Infond d.o.o. acquired a new stake in Expedia Group in the fourth quarter valued at $28,000. Grove Bank & Trust boosted its position in shares of Expedia Group by 676.2% during the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after purchasing an additional 142 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new position in shares of Expedia Group during the 4th quarter worth $34,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Expedia Group by 75.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company’s stock valued at $51,000 after purchasing an additional 117 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Stock Performance

Shares of EXPE opened at $167.70 on Wednesday. The firm has a market cap of $21.61 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 0.92 and a beta of 1.83. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. The business’s 50 day moving average is $181.80 and its two-hundred day moving average is $174.94. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $207.73.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. Analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were given a $0.40 dividend. This is a positive change from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Expedia Group’s dividend payout ratio (DPR) is presently 17.68%.

Analysts Set New Price Targets

EXPE has been the topic of several recent analyst reports. DA Davidson upped their target price on shares of Expedia Group from $190.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Melius Research raised Expedia Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. StockNews.com upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 15th. Barclays raised their price target on Expedia Group from $166.00 to $187.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, Melius upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and set a $220.00 price objective on the stock in a research report on Monday, January 6th. Nineteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $193.43.

Insider Activity

In other news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $169.79, for a total value of $1,697,900.00. Following the completion of the transaction, the director now directly owns 158,505 shares of the company’s stock, valued at approximately $26,912,563.95. The trade was a 5.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the sale, the insider now directly owns 74,502 shares of the company’s stock, valued at approximately $15,325,061.40. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,000 shares of company stock worth $4,577,900. 6.80% of the stock is currently owned by insiders.

Expedia Group Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.