Adage Capital Partners GP L.L.C. Decreases Stock Holdings in Expedia Group, Inc. $EXPE

Adage Capital Partners GP L.L.C. lowered its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 58.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,600 shares of the online travel company's stock after selling 52,200 shares during the period. Adage Capital Partners GP L.L.C.'s holdings in Expedia Group were worth $6,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in EXPE. Brighton Jones LLC acquired a new stake in shares of Expedia Group during the 4th quarter worth approximately $408,000. Centiva Capital LP acquired a new stake in shares of Expedia Group during the 4th quarter worth approximately $291,000. CoreCap Advisors LLC increased its holdings in shares of Expedia Group by 194.3% during the 4th quarter. CoreCap Advisors LLC now owns 412 shares of the online travel company's stock worth $77,000 after buying an additional 272 shares during the last quarter. Ethic Inc. increased its holdings in shares of Expedia Group by 11.3% during the 4th quarter. Ethic Inc. now owns 24,285 shares of the online travel company's stock worth $4,525,000 after buying an additional 2,475 shares during the last quarter. Finally, Focus Partners Wealth acquired a new stake in shares of Expedia Group during the 4th quarter worth approximately $20,493,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Wall Street Analyst Weigh In

EXPE has been the subject of several research reports. Piper Sandler lifted their target price on shares of Expedia Group from $135.00 to $190.00 and gave the company an "underweight" rating in a report on Friday, August 8th. Susquehanna lifted their target price on shares of Expedia Group from $175.00 to $200.00 and gave the company a "neutral" rating in a report on Monday, August 11th. Oppenheimer reiterated an "outperform" rating on shares of Expedia Group in a report on Friday, August 8th. Barclays lifted their target price on shares of Expedia Group from $190.00 to $197.00 and gave the company an "equal weight" rating in a report on Friday, August 8th. Finally, Cowen reiterated a "hold" rating on shares of Expedia Group in a report on Friday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $205.63.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 3,306 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $200.84, for a total value of $663,977.04. Following the completion of the transaction, the insider owned 77,075 shares of the company's stock, valued at $15,479,743. This trade represents a 4.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $207.78, for a total transaction of $623,340.00. Following the sale, the director directly owned 33,858 shares of the company's stock, valued at approximately $7,035,015.24. This trade represents a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,816 shares of company stock valued at $2,009,132 in the last 90 days. Company insiders own 9.13% of the company's stock.

Expedia Group Stock Up 2.5%

EXPE stock traded up $5.28 during midday trading on Thursday, hitting $220.77. The company's stock had a trading volume of 570,875 shares, compared to its average volume of 2,044,560. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. Expedia Group, Inc. has a 52-week low of $129.95 and a 52-week high of $221.69. The firm has a market capitalization of $27.31 billion, a P/E ratio of 27.05, a PEG ratio of 1.14 and a beta of 1.57. The firm has a 50-day simple moving average of $195.95 and a 200-day simple moving average of $176.62.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, beating the consensus estimate of $4.13 by $0.11. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The company had revenue of $3.79 billion during the quarter, compared to analysts' expectations of $3.70 billion. During the same quarter last year, the company posted $3.51 EPS. The firm's revenue was up 6.4% compared to the same quarter last year. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 28th. Expedia Group's dividend payout ratio (DPR) is currently 19.61%.

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.