Cresset Asset Management LLC Decreases Stake in Expedia Group, Inc. $EXPE

Key Points

• Cresset Asset Management LLC reduced its stake in Expedia Group by 40.3%, holding 3,906 shares worth $657,000 after selling 2,636 shares in the first quarter.
• Expedia Group has set a quarterly dividend of $0.40, translating to an annualized yield of 0.7%, with a payout ratio of 19.61%.
• The company's quarterly earnings surpassed expectations with $4.24 earnings per share, increasing revenue by 6.4% year-over-year to $3.79 billion.

Cresset Asset Management LLC lessened its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 40.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,906 shares of the online travel company's stock after selling 2,636 shares during the quarter. Cresset Asset Management LLC's holdings in Expedia Group were worth $657,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Expedia Group by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 15,201,811 shares of the online travel company's stock worth $2,555,424,000 after purchasing an additional 394,147 shares during the period. Alkeon Capital Management LLC grew its stake in Expedia Group by 25.4% in the 4th quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after acquiring an additional 400,000 shares during the period. Nuveen LLC purchased a new position in Expedia Group in the 1st quarter valued at $227,174,000. Northern Trust Corp lifted its holdings in Expedia Group by 8.8% in the 4th quarter. Northern Trust Corp now owns 1,275,907 shares of the online travel company's stock valued at $237,740,000 after purchasing an additional 102,949 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Expedia Group by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,194,328 shares of the online travel company's stock valued at $200,766,000 after purchasing an additional 17,659 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Price Performance

Expedia Group stock opened at $214.81 on Friday. The business has a 50 day simple moving average of $183.52 and a 200-day simple moving average of $175.09. Expedia Group, Inc. has a 12 month low of $126.46 and a 12 month high of $216.60. The stock has a market capitalization of $26.58 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 1.05 and a beta of 1.61. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 earnings per share for the quarter, topping analysts' consensus estimates of $4.13 by $0.11. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the prior year, the company posted $3.51 earnings per share. Expedia Group's quarterly revenue was up 6.4% on a year-over-year basis. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

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

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Craig A. Jacobson sold 3,000 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $207.78, for a total value of $623,340.00. Following the sale, the director owned 33,858 shares of the company's stock, valued at approximately $7,035,015.24. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 852 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total value of $175,409.76. Following the completion of the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at $2,477,971.68. This trade represents a 6.61% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,816 shares of company stock valued at $2,009,132. Insiders own 9.13% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on EXPE. Morgan Stanley lifted their price target on Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Wells Fargo & Company restated a "positive" rating on shares of Expedia Group in a report on Friday, August 8th. Susquehanna lifted their target price on Expedia Group from $175.00 to $200.00 and gave the company a "neutral" rating in a research report on Monday, August 11th. Bank of America lifted their target price on Expedia Group from $211.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, UBS Group boosted their price objective on Expedia Group from $182.00 to $209.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Expedia Group presently has a consensus rating of "Hold" and a consensus target price of $205.63.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.