Connor Clark & Lunn Investment Management Ltd. Reduces Position in Expedia Group, Inc. $EXPE

Connor Clark & Lunn Investment Management Ltd. lowered its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 12.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 76,824 shares of the online travel company’s stock after selling 11,183 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Expedia Group were worth $12,959,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of EXPE. OMNI 360 Wealth Inc. purchased a new position in shares of Expedia Group during the second quarter worth $325,000. Korea Investment CORP boosted its stake in shares of Expedia Group by 55.1% in the first quarter. Korea Investment CORP now owns 177,934 shares of the online travel company’s stock worth $29,911,000 after buying an additional 63,244 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in Expedia Group by 3,369.4% during the first quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company’s stock worth $172,995,000 after acquiring an additional 999,454 shares during the period. Plato Investment Management Ltd purchased a new position in Expedia Group during the first quarter valued at approximately $1,648,000. Finally, Malaga Cove Capital LLC purchased a new stake in Expedia Group in the 1st quarter worth approximately $574,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EXPE shares. Morgan Stanley boosted their target price on shares of Expedia Group from $150.00 to $165.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Truist Financial set a $210.00 price target on shares of Expedia Group in a research note on Monday, October 27th. Argus boosted their price target on shares of Expedia Group from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank Of Canada upped their price objective on shares of Expedia Group from $200.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday, November 7th. Finally, UBS Group lifted their target price on shares of Expedia Group from $209.00 to $234.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and twenty-two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $262.00.

Expedia Group Stock Down 1.0%

EXPE stock opened at $265.32 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The firm has a 50-day moving average of $221.63 and a two-hundred day moving average of $194.08. Expedia Group, Inc. has a 12 month low of $130.01 and a 12 month high of $270.22. The company has a market cap of $32.82 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 1.15 and a beta of 1.58.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.10 by $0.47. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same period in the prior year, the business earned $6.13 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. Expedia Group has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.6%. The ex-dividend date is Wednesday, November 19th. Expedia Group’s dividend payout ratio is presently 15.31%.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 852 shares of Expedia Group stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $205.88, for a total transaction of $175,409.76. Following the transaction, the chief accounting officer owned 12,036 shares in the company, valued at $2,477,971.68. The trade was a 6.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $207.78, for a total transaction of $623,340.00. Following the transaction, the director directly owned 33,858 shares in the company, valued at approximately $7,035,015.24. The trade was a 8.14% decrease in their position. The SEC filing for this sale provides additional information. 9.13% of the stock is owned by company 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.