Lyrical Asset Management LP Sells 32,563 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Lyrical Asset Management LP cut its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,730,926 shares of the online travel company’s stock after selling 32,563 shares during the quarter. Expedia Group comprises 4.5% of Lyrical Asset Management LP’s portfolio, making the stock its 7th biggest holding. Lyrical Asset Management LP’s holdings in Expedia Group were worth $290,969,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC bought a new position in Expedia Group during the 4th quarter worth $408,000. Rockefeller Capital Management L.P. bought a new position in Expedia Group during the 4th quarter worth $10,948,000. Townsquare Capital LLC increased its position in Expedia Group by 1.7% during the 4th quarter. Townsquare Capital LLC now owns 6,140 shares of the online travel company’s stock worth $1,144,000 after buying an additional 100 shares during the period. Mariner LLC increased its position in Expedia Group by 821.3% during the 4th quarter. Mariner LLC now owns 251,940 shares of the online travel company’s stock worth $46,944,000 after buying an additional 224,593 shares during the period. Finally, Belpointe Asset Management LLC bought a new position in Expedia Group during the 4th quarter worth $279,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Price Performance

Shares of Expedia Group stock opened at $209.68 on Thursday. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.73. The business’s 50 day simple moving average is $178.64 and its two-hundred day simple moving average is $173.28. The stock has a market capitalization of $26.65 billion, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 1.01 and a beta of 1.61. Expedia Group, Inc. has a one year low of $126.46 and a one year high of $213.00.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, topping analysts’ consensus estimates of $4.13 by $0.11. The business had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.51 EPS. Analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. Expedia Group’s payout ratio is 19.61%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. BTIG Research set a $250.00 target price on Expedia Group and gave the stock a “buy” rating in a report on Friday, August 8th. Citigroup increased their target price on Expedia Group from $177.00 to $206.00 and gave the stock a “neutral” rating in a report on Wednesday. Truist Financial reduced their target price on Expedia Group from $175.00 to $168.00 and set a “hold” rating on the stock in a report on Tuesday, June 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Expedia Group in a report on Wednesday, July 23rd. Finally, Susquehanna reissued a “neutral” rating and set a $200.00 target price (up from $175.00) on shares of Expedia Group in a report on Monday. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Expedia Group currently has an average rating of “Moderate Buy” and a consensus target price of $205.63.

Expedia Group Company 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.