Great Lakes Advisors LLC Sells 2,709 Shares of Expedia Group, Inc. $EXPE

Key Points

• Great Lakes Advisors LLC reduced its stake in Expedia Group by 1.9%, selling 2,709 shares during the first quarter and retaining approximately 137,339 shares valued at $23 million.
• Several large investors, including Vanguard Group and AQR Capital Management, increased their holdings in Expedia Group, indicating continued institutional interest with over 90% of the stock owned by institutional investors.
• Expedia recently announced a quarterly dividend of $0.40, signaling a dividend yield of 0.7%, with a payout ratio of 19.61%.

Great Lakes Advisors LLC cut its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,339 shares of the online travel company's stock after selling 2,709 shares during the period. Great Lakes Advisors LLC owned about 0.11% of Expedia Group worth $23,087,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in 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 buying an additional 394,147 shares in the last quarter. Alkeon Capital Management LLC increased its holdings in Expedia Group by 20.2% during the 1st quarter. Alkeon Capital Management LLC now owns 2,375,276 shares of the online travel company's stock worth $399,284,000 after purchasing an additional 398,804 shares in the last quarter. AQR Capital Management LLC increased its holdings in Expedia Group by 174.0% during the 1st quarter. AQR Capital Management LLC now owns 1,444,283 shares of the online travel company's stock worth $235,592,000 after purchasing an additional 917,192 shares in the last quarter. Nuveen LLC bought a new position in shares of Expedia Group in the 1st quarter valued at about $227,174,000. Finally, Northern Trust Corp grew its holdings in shares of Expedia Group by 4.4% in the 1st quarter. Northern Trust Corp now owns 1,331,482 shares of the online travel company's stock valued at $223,822,000 after acquiring an additional 55,575 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Cowen restated a "hold" rating on shares of Expedia Group in a research report on Friday, August 8th. Piper Sandler lifted their price objective on shares of Expedia Group from $135.00 to $190.00 and gave the company an "underweight" rating in a research note on Friday, August 8th. Wells Fargo & Company reissued a "positive" rating on shares of Expedia Group in a research note on Friday, August 8th. Bank of America boosted their target price on shares of Expedia Group from $211.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Wedbush boosted their price objective on shares of Expedia Group from $175.00 to $220.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $205.63.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 3,306 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $200.84, for a total value of $663,977.04. Following the completion of the transaction, the insider directly owned 77,075 shares of the company's stock, valued at $15,479,743. This trade represents a 4.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Lance A. Soliday sold 852 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total transaction of $175,409.76. Following the sale, the chief accounting officer owned 12,036 shares in the company, valued at approximately $2,477,971.68. This trade represents a 6.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,816 shares of company stock valued at $2,009,132. Company insiders own 9.13% of the company's stock.

Expedia Group Trading Down 0.7%

EXPE opened at $214.95 on Monday. 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, Inc. has a fifty-two week low of $126.46 and a fifty-two week high of $219.10. The firm has a market capitalization of $26.59 billion, a PE ratio of 26.34, a P/E/G ratio of 1.10 and a beta of 1.57. The company's 50-day moving average is $193.22 and its 200 day moving average is $175.92.

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

Expedia Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors 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 (DPR) is 19.61%.

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.

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