Candriam S.C.A. Trims Stock Position in Expedia Group, Inc. $EXPE

Candriam S.C.A. lessened its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 51.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,230 shares of the online travel company’s stock after selling 55,214 shares during the period. Candriam S.C.A.’s holdings in Expedia Group were worth $12,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in EXPE. Motiv8 Investments LLC acquired a new stake in shares of Expedia Group in the 4th quarter valued at about $25,000. Entrust Financial LLC purchased a new position in Expedia Group during the 4th quarter worth approximately $26,000. JFS Wealth Advisors LLC increased its position in Expedia Group by 78.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after buying an additional 44 shares during the period. Lodestone Wealth Management LLC acquired a new position in Expedia Group during the fourth quarter worth approximately $29,000. Finally, Sunbelt Securities Inc. lifted its stake in Expedia Group by 970.6% in the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock valued at $39,000 after buying an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 4,702 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the sale, the insider directly owned 105,448 shares in the company, valued at approximately $24,569,384. The trade was a 4.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 940 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the transaction, the chief accounting officer directly owned 14,083 shares in the company, valued at approximately $3,124,454.38. This trade represents a 6.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 5.20% of the company’s stock.

Expedia Group Stock Performance

Shares of EXPE opened at $270.83 on Monday. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market capitalization of $33.19 billion, a P/E ratio of 23.84, a P/E/G ratio of 0.71 and a beta of 1.23. The company’s fifty day moving average is $238.02 and its two-hundred day moving average is $245.17. Expedia Group, Inc. has a 1 year low of $174.05 and a 1 year high of $303.80.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping 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 company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter last year, the business earned $0.40 EPS. The business’s revenue was up 14.7% on a year-over-year basis. On average, sell-side analysts predict that Expedia Group, Inc. will post 16.98 earnings per share for the current year.

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, May 28th. Expedia Group’s dividend payout ratio is 16.90%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. TD Cowen increased their price objective on Expedia Group from $260.00 to $285.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Piper Sandler lifted their target price on shares of Expedia Group from $225.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Susquehanna upped their price target on shares of Expedia Group from $240.00 to $250.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Argus increased their price target on shares of Expedia Group from $270.00 to $315.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Finally, BTIG Research reissued a “buy” rating and set a $330.00 price objective on shares of Expedia Group in a research report on Tuesday, June 9th. Sixteen analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $286.27.

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.