Expedia Group, Inc. $EXPE is Westbourne Investment Advisors Inc.’s 10th Largest Position

Westbourne Investment Advisors Inc. cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 12.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 37,320 shares of the online travel company’s stock after selling 5,529 shares during the quarter. Expedia Group comprises about 2.9% of Westbourne Investment Advisors Inc.’s portfolio, making the stock its 10th largest holding. Westbourne Investment Advisors Inc.’s holdings in Expedia Group were worth $10,573,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Transcend Capital Advisors LLC lifted its position in Expedia Group by 7.5% in the fourth quarter. Transcend Capital Advisors LLC now owns 4,696 shares of the online travel company’s stock valued at $1,331,000 after acquiring an additional 328 shares during the last quarter. Burney Co. purchased a new stake in Expedia Group in the fourth quarter valued at $11,986,000. U.S. Capital Wealth Advisors LLC lifted its position in Expedia Group by 18.4% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 1,340 shares of the online travel company’s stock valued at $380,000 after acquiring an additional 208 shares during the last quarter. Choreo LLC lifted its position in Expedia Group by 7.5% in the fourth quarter. Choreo LLC now owns 10,025 shares of the online travel company’s stock valued at $2,857,000 after acquiring an additional 700 shares during the last quarter. Finally, Capital & Planning LLC purchased a new stake in Expedia Group in the fourth quarter valued at $917,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Robert J. Dzielak sold 8,225 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the transaction, the insider directly owned 102,480 shares in the company, valued at $22,629,633.60. The trade was a 7.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 9.13% of the stock is currently owned by company insiders.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE traded up $5.61 on Tuesday, reaching $245.82. The company’s stock had a trading volume of 103,222 shares, compared to its average volume of 2,546,726. The stock’s 50-day moving average is $226.52 and its two-hundred day moving average is $245.39. Expedia Group, Inc. has a 52-week low of $144.20 and a 52-week high of $303.80. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $30.12 billion, a P/E ratio of 24.85, a PEG ratio of 0.70 and a beta of 1.33.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 12th. The online travel company reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.46. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same period in the prior year, the company earned $2.39 earnings per share. The business’s revenue was up 11.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from Expedia Group’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, March 5th. Expedia Group’s dividend payout ratio (DPR) is presently 19.49%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Citigroup reduced their price target on shares of Expedia Group from $281.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Citizens Jmp reissued a “market perform” rating on shares of Expedia Group in a research report on Tuesday, February 17th. Jefferies Financial Group raised shares of Expedia Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $240.00 to $300.00 in a research report on Monday, March 30th. DA Davidson reduced their price target on shares of Expedia Group from $294.00 to $260.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Finally, HSBC upped their target price on shares of Expedia Group from $365.00 to $387.00 and gave the company a “buy” rating in a report on Friday, February 13th. Fourteen research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $282.42.

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.