ValueAct Holdings L.P. Sells 590,200 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

ValueAct Holdings L.P. decreased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 22.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,017,406 shares of the online travel company's stock after selling 590,200 shares during the quarter. Expedia Group comprises approximately 8.6% of ValueAct Holdings L.P.'s investment portfolio, making the stock its 5th biggest holding. ValueAct Holdings L.P. owned about 1.57% of Expedia Group worth $375,903,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vident Advisory LLC boosted its stake in Expedia Group by 41.6% during the 4th quarter. Vident Advisory LLC now owns 11,525 shares of the online travel company's stock worth $2,147,000 after acquiring an additional 3,386 shares during the last quarter. Sphera Management Technology Funds Ltd bought a new position in Expedia Group in the fourth quarter valued at approximately $932,000. WBI Investments LLC bought a new position in Expedia Group in the fourth quarter valued at approximately $1,879,000. Twinbeech Capital LP bought a new position in Expedia Group in the fourth quarter valued at approximately $12,390,000. Finally, TrinityPoint Wealth LLC bought a new position in Expedia Group in the fourth quarter valued at approximately $208,000. Institutional investors own 90.76% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EXPE. Wedbush reaffirmed a "neutral" rating and issued a $165.00 price target (down previously from $180.00) on shares of Expedia Group in a research note on Friday, May 9th. Oppenheimer cut their price target on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Barclays lifted their price target on shares of Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Morgan Stanley cut their price target on shares of Expedia Group from $190.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Finally, Piper Sandler lowered shares of Expedia Group from a "neutral" rating to an "underweight" rating and cut their price target for the company from $174.00 to $135.00 in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Expedia Group presently has a consensus rating of "Moderate Buy" and an average target price of $186.35.

Expedia Group Stock Down 1.1%

EXPE traded down $1.74 during trading on Friday, reaching $158.98. 1,269,711 shares of the stock were exchanged, compared to its average volume of 1,936,678. The stock has a market cap of $20.21 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. Expedia Group, Inc. has a twelve month low of $107.25 and a twelve month high of $207.73. The stock's 50 day moving average price is $160.35 and its two-hundred day moving average price is $175.99. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued 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). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Expedia Group's quarterly revenue was up 3.4% on a year-over-year basis. Equities analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be issued a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. Expedia Group's dividend payout ratio is currently 18.87%.

Expedia Group Company Profile

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.