Pictet Asset Management Holding SA Sells 1,964 Shares of Expedia Group, Inc. $EXPE

Pictet Asset Management Holding SA reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 3.6% during the first quarter, Holdings Channel reports. The institutional investor owned 52,381 shares of the online travel company’s stock after selling 1,964 shares during the period. Pictet Asset Management Holding SA’s holdings in Expedia Group were worth $12,094,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPE. Brighton Jones LLC bought a new position in shares of Expedia Group in the fourth quarter worth approximately $408,000. NewEdge Advisors LLC raised its position in shares of Expedia Group by 5.0% during the 1st quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock valued at $917,000 after purchasing an additional 259 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Expedia Group during the 2nd quarter valued at $596,000. Daiwa Securities Group Inc. lifted its stake in shares of Expedia Group by 6.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 21,265 shares of the online travel company’s stock valued at $3,587,000 after buying an additional 1,290 shares in the last quarter. Finally, AXA S.A. boosted its holdings in Expedia Group by 5.9% in the 2nd quarter. AXA S.A. now owns 11,042 shares of the online travel company’s stock worth $1,863,000 after buying an additional 615 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $233.00, for a total value of $1,095,566.00. Following the completion of the sale, the insider owned 105,448 shares of the company’s stock, valued at $24,569,384. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 940 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total value of $208,548.40. Following the completion of the sale, the chief accounting officer owned 14,083 shares in the company, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on EXPE shares. Jefferies Financial Group raised Expedia Group from a “hold” rating to a “buy” rating and raised their price target for the company from $240.00 to $300.00 in a report on Monday, March 30th. Truist Financial decreased their target price on Expedia Group from $252.00 to $246.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Dbs Bank raised shares of Expedia Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, May 11th. UBS Group decreased their price target on shares of Expedia Group from $266.00 to $262.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Finally, B. Riley Financial dropped their price objective on shares of Expedia Group from $360.00 to $350.00 and set a “buy” rating for the company in a report on Monday, April 27th. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $284.30.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE opened at $268.69 on Friday. Expedia Group, Inc. has a 52 week low of $171.27 and a 52 week high of $303.80. The stock has a market capitalization of $32.93 billion, a P/E ratio of 23.65, a PEG ratio of 0.70 and a beta of 1.23. The firm has a fifty day simple moving average of $236.03 and a two-hundred day simple moving average of $245.95. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the prior year, the company earned $0.40 EPS. The business’s revenue was up 14.7% compared to the same quarter last year. On average, analysts expect that Expedia Group, Inc. will post 16.98 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were issued a $0.48 dividend. The ex-dividend date was Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. Expedia Group’s payout ratio is 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.