Expedia Group, Inc. $EXPE Stock Sold by WealthCare Asset Management LLC

WealthCare Asset Management LLC reduced its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 38.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,451 shares of the online travel company’s stock after selling 3,341 shares during the period. Expedia Group makes up approximately 1.2% of WealthCare Asset Management LLC’s portfolio, making the stock its 23rd largest position. WealthCare Asset Management LLC’s holdings in Expedia Group were worth $1,435,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EXPE. Bank of New York Mellon Corp purchased a new position in Expedia Group in the second quarter worth $166,203,000. First Trust Advisors LP boosted its position in shares of Expedia Group by 104.1% during the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock worth $275,112,000 after purchasing an additional 607,698 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Expedia Group by 67.7% during the 2nd quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company’s stock worth $199,622,000 after purchasing an additional 314,984 shares in the last quarter. SEB Asset Management AB purchased a new stake in shares of Expedia Group during the 1st quarter worth $53,254,000. Finally, KBC Group NV grew its stake in shares of Expedia Group by 201.3% during the 1st quarter. KBC Group NV now owns 276,150 shares of the online travel company’s stock worth $63,761,000 after purchasing an additional 184,507 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Activity

In other news, Director Craig Jacobson sold 3,133 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the completion of the transaction, the director directly owned 29,832 shares of the company’s stock, valued at $9,800,408.64. This trade represents a 9.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert Dzielak sold 1,004 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $335.00, for a total transaction of $336,340.00. Following the transaction, the insider directly owned 104,331 shares of the company’s stock, valued at approximately $34,950,885. This trade represents a 0.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,950 shares of company stock worth $3,881,995 over the last ninety days. 5.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EXPE shares. Truist Financial cut their price target on shares of Expedia Group from $309.00 to $288.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. Royal Bank Of Canada raised their price objective on shares of Expedia Group from $290.00 to $330.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. The Goldman Sachs Group set a $370.00 price objective on shares of Expedia Group in a report on Thursday, August 6th. BMO Capital Markets restated a “market perform” rating and set a $285.00 target price on shares of Expedia Group in a research report on Friday, August 7th. Finally, Morgan Stanley cut shares of Expedia Group from an “equal weight” rating to an “underweight” rating and set a $235.00 target price for the company. in a report on Wednesday, September 16th. Eighteen analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $316.37.

Expedia Group Trading Down 1.7%

NASDAQ:EXPE opened at $283.97 on Tuesday. The company has a market capitalization of $34.08 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 0.70 and a beta of 1.36. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21. Expedia Group, Inc. has a 52-week low of $185.34 and a 52-week high of $342.00. The stock has a fifty day simple moving average of $290.51 and a 200-day simple moving average of $259.92.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, beating analysts’ consensus estimates of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.17 billion. During the same period in the prior year, the company earned $4.24 EPS. The firm’s revenue was up 14.0% on a year-over-year basis. On average, equities research analysts expect that Expedia Group, Inc. will post 17.35 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th were given a $0.48 dividend. The ex-dividend date was Thursday, August 27th. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. Expedia Group’s dividend payout ratio is currently 11.97%.

About Expedia Group

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group’s consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.