Expedia Group, Inc. $EXPE Stake Cut by Securian Asset Management Inc.

Securian Asset Management Inc. lessened its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 44.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,182 shares of the online travel company’s stock after selling 2,558 shares during the quarter. Securian Asset Management Inc.’s holdings in Expedia Group were worth $901,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EXPE. Wellington Management Group LLP boosted its holdings in shares of Expedia Group by 24,899.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after buying an additional 1,801,232 shares during the period. AQR Capital Management LLC raised its stake in Expedia Group by 25.0% during the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after acquiring an additional 728,063 shares during the period. Voloridge Investment Management LLC raised its stake in Expedia Group by 465.6% during the third quarter. Voloridge Investment Management LLC now owns 452,867 shares of the online travel company’s stock worth $96,800,000 after acquiring an additional 372,798 shares during the period. Tidal Investments LLC lifted its holdings in Expedia Group by 1,933.8% in the third quarter. Tidal Investments LLC now owns 357,635 shares of the online travel company’s stock worth $76,444,000 after acquiring an additional 340,050 shares during the last quarter. Finally, Windacre Partnership LLC lifted its holdings in Expedia Group by 9.2% in the third quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock worth $787,049,000 after acquiring an additional 309,900 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 8,225 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total value of $1,816,244.50. Following the completion of the transaction, the insider owned 102,480 shares in the company, valued at $22,629,633.60. This represents a 7.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 9.81% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EXPE shares. TD Cowen upped their target price on Expedia Group from $260.00 to $285.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Dbs Bank upgraded Expedia Group from a “hold” rating to a “moderate buy” rating in a research report on Monday. Jefferies Financial Group upgraded Expedia Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $240.00 to $300.00 in a research note on Monday, March 30th. Barclays increased their target price on Expedia Group from $260.00 to $264.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, BMO Capital Markets boosted their price target on shares of Expedia Group from $250.00 to $255.00 and gave the company a “market perform” rating in a report on Friday, February 13th. Sixteen equities 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, the stock presently has a consensus rating of “Hold” and an average target price of $284.06.

Expedia Group Stock Performance

Shares of EXPE stock opened at $217.55 on Thursday. Expedia Group, Inc. has a 12-month low of $156.05 and a 12-month 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. The firm has a market capitalization of $26.66 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 0.69 and a beta of 1.30. The business has a 50 day simple moving average of $238.85 and a 200 day simple moving average of $249.62.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the previous year, the business earned $0.40 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities research analysts anticipate that Expedia Group, Inc. will post 16.64 EPS for the current year.

Expedia Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, May 28th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, May 28th. Expedia Group’s payout ratio is currently 16.90%.

About Expedia Group

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.