Expedia Group, Inc. $EXPE Shares Sold by NewEdge Advisors LLC

Key Points

• NewEdge Advisors cut its Expedia Group stake by 55.3% in the first quarter, selling 9,351 shares and retaining 7,562 shares worth approximately $1.75 million. Institutional investors collectively own 90.76% of the company.
• Expedia reported quarterly EPS of $5.76, beating estimates of $5.22, while revenue rose 14% year over year to $4.32 billion. Shares opened at $332.69, near their 52-week high.
• The company declared a quarterly dividend of $0.48 per share, implying an annualized yield of 0.6%. Analysts remain mixed, with a consensus “Hold” rating and an average price target of $311.76.

NewEdge Advisors LLC reduced its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 55.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,562 shares of the online travel company's stock after selling 9,351 shares during the period. NewEdge Advisors LLC's holdings in Expedia Group were worth $1,746,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Motiv8 Investments LLC purchased a new stake in shares of Expedia Group during the 4th quarter worth approximately $25,000. Entrust Financial LLC purchased a new position in shares of Expedia Group in the 4th quarter valued at $26,000. Sunbelt Securities Inc. grew its position in shares of Expedia Group by 970.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company's stock valued at $39,000 after buying an additional 165 shares during the last quarter. DV Equities LLC acquired a new stake in Expedia Group during the 4th quarter worth $46,000. Finally, Cache Advisors LLC acquired a new stake in Expedia Group during the 1st quarter worth $48,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Stock Up 1.3%

Shares of NASDAQ:EXPE opened at $332.69 on Friday. Expedia Group, Inc. has a 1-year low of $185.34 and a 1-year high of $333.24. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market cap of $39.93 billion, a P/E ratio of 20.74, a P/E/G ratio of 0.81 and a beta of 1.22. The firm has a fifty day moving average price of $270.55 and a 200 day moving average price of $246.18.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted 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 company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.17 billion. During the same period in the previous year, the business posted $4.24 earnings per share. Expedia Group's quarterly revenue was up 14.0% on a year-over-year basis. Sell-side analysts predict that Expedia Group, Inc. will post 17.15 EPS for the current year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, August 27th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.6%. Expedia Group's dividend payout ratio (DPR) is currently 11.97%.

Insider Activity

In related news, insider Robert J. Dzielak sold 4,702 shares of the business's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $233.00, for a total value of $1,095,566.00. Following the transaction, the insider owned 105,448 shares in the company, valued at $24,569,384. The trade was a 4.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Lance A. Soliday sold 940 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the sale, the chief accounting officer directly owned 14,083 shares of the company's stock, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,645 shares of company stock worth $2,250,059 in the last 90 days. 5.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Royal Bank Of Canada upped 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. Piper Sandler reiterated a "neutral" rating and set a $325.00 target price (up from $245.00) on shares of Expedia Group in a research report on Thursday, August 6th. Dbs Bank raised Expedia Group from a "hold" rating to a "moderate buy" rating in a report on Monday, May 11th. Evercore reissued an "outperform" rating on shares of Expedia Group in a report on Thursday, August 6th. Finally, BTIG Research upped their target price on Expedia Group from $330.00 to $350.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the stock. Based on data from MarketBeat, Expedia Group has an average rating of "Hold" and a consensus price target of $311.76.

Expedia Group Company Profile

Expedia Group NASDAQ: EXPE is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company's platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.

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