Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by WT Wealth Management

WT Wealth Management trimmed its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 17.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,884 shares of the online travel company's stock after selling 2,054 shares during the period. WT Wealth Management's holdings in Expedia Group were worth $1,661,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Expedia Group in the 4th quarter valued at approximately $670,565,000. Geode Capital Management LLC lifted its holdings in shares of Expedia Group by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company's stock worth $600,750,000 after purchasing an additional 30,163 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Expedia Group by 6.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company's stock worth $439,808,000 after purchasing an additional 150,480 shares during the last quarter. Alkeon Capital Management LLC increased its holdings in Expedia Group by 25.4% in the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after purchasing an additional 400,000 shares during the period. Finally, Lyrical Asset Management LP lifted its holdings in Expedia Group by 1.7% during the 4th quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company's stock worth $328,591,000 after buying an additional 28,736 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Performance

Shares of NASDAQ EXPE traded up $0.54 during trading on Monday, hitting $185.47. The company had a trading volume of 1,196,207 shares, compared to its average volume of 1,886,131. The stock has a 50 day simple moving average of $170.27 and a 200 day simple moving average of $172.37. The firm has a market capitalization of $23.58 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 0.88 and a beta of 1.57. Expedia Group, Inc. has a 12 month low of $110.20 and a 12 month high of $207.73. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.73 and a current ratio of 0.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The company's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS. As a group, analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Thursday, May 29th. Expedia Group's dividend payout ratio is presently 18.87%.

Analysts Set New Price Targets

EXPE has been the topic of a number of research analyst reports. Piper Sandler cut 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 report on Friday, May 9th. Bank of America upped their target price on shares of Expedia Group from $205.00 to $211.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Benchmark lowered their target price on shares of Expedia Group from $225.00 to $215.00 and set a "buy" rating for the company in a report on Friday, May 9th. The Goldman Sachs Group reduced their price objective on Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Truist Financial dropped their price objective on Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a research note on Tuesday, June 24th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Expedia Group has a consensus rating of "Hold" and an average price target of $187.77.

Expedia Group 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.