New Age Alpha Advisors LLC Sells 9,423 Shares of Expedia Group, Inc. $EXPE

Key Points

• New Age Alpha Advisors cut its Expedia Group position by 60.4% in the fourth quarter, selling 9,423 shares and leaving it with 6,184 shares valued at about $1.75 million.
• Expedia reported strong quarterly results, with EPS of $1.96 versus the $1.41 consensus estimate and revenue of $3.43 billion, up 14.7% year over year.
• Analysts remain cautious overall: Expedia has an average Hold rating and a consensus price target of $284.42, while the stock recently traded at $226.56 and also pays a quarterly dividend of $0.48 per share.

New Age Alpha Advisors LLC lessened its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 60.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,184 shares of the online travel company's stock after selling 9,423 shares during the quarter. New Age Alpha Advisors LLC's holdings in Expedia Group were worth $1,752,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Windacre Partnership LLC boosted its holdings in shares of Expedia Group by 9.2% during the third quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company's stock worth $787,049,000 after acquiring an additional 309,900 shares during the period. AQR Capital Management LLC increased its stake in shares of Expedia Group by 25.0% during the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company's stock worth $779,275,000 after purchasing an additional 728,063 shares during the period. Invesco Ltd. increased its stake in shares of Expedia Group by 8.0% during the third quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company's stock worth $667,507,000 after purchasing an additional 230,176 shares during the period. Wellington Management Group LLP lifted its holdings in Expedia Group by 24,899.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company's stock worth $386,560,000 after purchasing an additional 1,801,232 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Expedia Group by 3.1% during the 3rd quarter. Legal & General Group Plc now owns 952,038 shares of the online travel company's stock worth $203,498,000 after purchasing an additional 28,412 shares during the last quarter. Institutional investors own 90.76% of the company's stock.

Analyst Ratings Changes

EXPE has been the topic of a number of research reports. HSBC upped their price objective on Expedia Group from $365.00 to $387.00 and gave the company a "buy" rating in a report on Friday, February 13th. Sanford C. Bernstein reduced their target price on shares of Expedia Group from $256.00 to $253.00 and set a "market perform" rating for the company in a research report on Wednesday, March 11th. Piper Sandler upped their price target on shares of Expedia Group from $225.00 to $245.00 and gave the company a "neutral" rating in a research note on Friday, May 8th. Benchmark lowered their price target on shares of Expedia Group from $310.00 to $290.00 and set a "buy" rating on the stock in a research report on Friday, February 13th. Finally, UBS Group dropped their price objective on shares of Expedia Group from $266.00 to $262.00 and set a "neutral" rating for the company in a research note on Friday, May 8th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Expedia Group presently has an average rating of "Hold" and a consensus price target of $284.42.

Expedia Group Trading Up 1.6%

Shares of Expedia Group stock opened at $226.56 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. Expedia Group, Inc. has a 12-month low of $160.00 and a 12-month high of $303.80. The company has a market capitalization of $27.76 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 0.69 and a beta of 1.30. The firm's 50-day moving average price is $235.86 and its two-hundred day moving average price is $249.56.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The company had revenue of $3.43 billion during the quarter, compared to analysts' expectations of $3.35 billion. During the same period in the previous year, the company earned $0.40 EPS. The business's revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts forecast that Expedia Group, Inc. will post 16.76 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, May 28th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. Expedia Group's payout ratio is 16.90%.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 8,225 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total value of $1,816,244.50. Following the completion of the transaction, the insider owned 102,480 shares of the company's stock, valued at $22,629,633.60. This represents a 7.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.20% of the stock is currently owned by corporate insiders.

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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