Expedia Group, Inc. (NASDAQ:EXPE) is ValueAct Holdings L.P.'s 5th Largest Position

ValueAct Holdings L.P. lessened its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 22.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,017,406 shares of the online travel company's stock after selling 590,200 shares during the quarter. Expedia Group accounts for 8.6% of ValueAct Holdings L.P.'s investment portfolio, making the stock its 5th largest position. ValueAct Holdings L.P. owned approximately 1.57% of Expedia Group worth $375,903,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Handelsbanken Fonder AB increased its holdings in Expedia Group by 17.8% during the 4th quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company's stock valued at $5,729,000 after acquiring an additional 4,656 shares in the last quarter. Teamwork Financial Advisors LLC purchased a new position in Expedia Group during the 4th quarter valued at about $1,791,000. Clare Market Investments LLC purchased a new position in Expedia Group during the 4th quarter valued at about $319,000. Nisa Investment Advisors LLC increased its holdings in Expedia Group by 17.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 60,003 shares of the online travel company's stock valued at $11,180,000 after acquiring an additional 9,086 shares in the last quarter. Finally, Cigna Investments Inc. New purchased a new position in Expedia Group during the 4th quarter valued at about $238,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of Expedia Group stock in a transaction on 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 completion of the transaction, the insider now owns 74,502 shares of the company's stock, valued at $15,325,061.40. The trade was a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on EXPE. Truist Financial raised their target price on shares of Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a report on Wednesday, March 12th. Barclays raised their target price on shares of Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Oppenheimer decreased 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. UBS Group decreased their price target on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Finally, Susquehanna decreased their price target on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $186.35.

Expedia Group Stock Down 0.7%

Shares of NASDAQ:EXPE opened at $165.49 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The company has a fifty day simple moving average of $160.53 and a 200 day simple moving average of $176.22. The firm has a market cap of $21.32 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. 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 issued its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. On average, equities research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The firm 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. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Thursday, May 29th. Expedia Group's dividend payout ratio is presently 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.

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.