Patient Capital Management LLC Lowers Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Patient Capital Management LLC lessened its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 31.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 442,429 shares of the online travel company's stock after selling 204,900 shares during the period. Expedia Group comprises 3.8% of Patient Capital Management LLC's holdings, making the stock its 7th largest holding. Patient Capital Management LLC owned 0.34% of Expedia Group worth $82,438,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Numerai GP LLC lifted its holdings in shares of Expedia Group by 94.6% during the 4th quarter. Numerai GP LLC now owns 3,908 shares of the online travel company's stock worth $728,000 after acquiring an additional 1,900 shares during the period. Occudo Quantitative Strategies LP bought a new stake in shares of Expedia Group during the 4th quarter worth approximately $607,000. Minot DeBlois Advisors LLC bought a new stake in shares of Expedia Group during the 4th quarter worth approximately $27,000. Napa Wealth Management bought a new stake in shares of Expedia Group during the 4th quarter worth approximately $1,188,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Expedia Group by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,947 shares of the online travel company's stock worth $9,120,000 after acquiring an additional 1,772 shares during the period. Institutional investors and hedge funds own 90.76% of the company's stock.

Analysts Set New Price Targets

EXPE has been the subject of a number of recent analyst reports. Wedbush reaffirmed a "neutral" rating and set a $165.00 price target (down previously from $180.00) on shares of Expedia Group in a report on Friday, May 9th. DA Davidson upped their price target on shares of Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Piper Sandler downgraded shares of Expedia Group from a "neutral" rating to an "underweight" rating and dropped their price objective for the company from $174.00 to $135.00 in a research note on Friday, May 9th. Hsbc Global Res raised shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 7th. Finally, UBS Group dropped their price objective on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $186.35.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 5,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the transaction, the insider now owns 74,502 shares in the company, valued at $15,325,061.40. The trade was a 6.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.80% of the stock is currently owned by company insiders.

Expedia Group Stock Up 0.3%

Shares of NASDAQ:EXPE traded up $0.45 during midday trading on Friday, reaching $166.66. The company's stock had a trading volume of 1,758,482 shares, compared to its average volume of 1,935,257. The firm has a 50 day moving average of $160.47 and a 200-day moving average of $175.93. The firm has a market capitalization of $21.48 billion, a P/E ratio of 18.42, a PEG ratio of 0.92 and a beta of 1.62. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month 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 analysts' expectations of $3.02 billion. Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 earnings per share. On average, research analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

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

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.