Cresset Asset Management LLC Has $1.22 Million Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Cresset Asset Management LLC reduced its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 61.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,542 shares of the online travel company's stock after selling 10,609 shares during the quarter. Cresset Asset Management LLC's holdings in Expedia Group were worth $1,219,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in EXPE. Handelsbanken Fonder AB increased its stake in Expedia Group by 17.8% in the 4th quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company's stock valued at $5,729,000 after buying an additional 4,656 shares during the period. Teamwork Financial Advisors LLC acquired a new stake in shares of Expedia Group during the 4th quarter valued at $1,791,000. Clare Market Investments LLC acquired a new position in shares of Expedia Group in the fourth quarter worth $319,000. Nisa Investment Advisors LLC increased its stake in shares of Expedia Group by 17.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company's stock worth $11,180,000 after acquiring an additional 9,086 shares during the last quarter. Finally, Cigna Investments Inc. New acquired a new position in shares of Expedia Group in the fourth quarter worth $238,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Down 1.8%

Shares of EXPE traded down $3.01 during mid-day trading on Thursday, hitting $166.21. 1,797,066 shares of the company's stock were exchanged, compared to its average volume of 1,938,302. The company has a 50-day simple moving average of $160.62 and a 200 day simple moving average of $175.82. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $21.42 billion, a PE ratio of 18.37, a P/E/G ratio of 0.92 and a beta of 1.62. Expedia Group, Inc. has a 52 week low of $107.25 and a 52 week high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the business posted $0.21 EPS. On average, research analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be paid a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. Expedia Group's dividend payout ratio is 18.87%.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the transaction, the insider now owns 74,502 shares in the company, valued at approximately $15,325,061.40. This trade represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on EXPE shares. Truist Financial lifted their target price on shares of Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a research note on Wednesday, March 12th. Susquehanna reduced their price objective on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating for the company in a report on Monday. DA Davidson upped their price objective on shares of Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Morgan Stanley cut their target price on shares of Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Finally, Wells Fargo & Company increased their price target on Expedia Group from $143.00 to $149.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $186.35.

About Expedia Group

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.