Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Seizert Capital Partners LLC

Key Points

• Seizert Capital Partners LLC reduced its stake in Expedia Group, Inc. by 22.2%, selling 64,868 shares during the first quarter, leaving them with 226,959 shares valued at approximately $38.15 million.
• Expedia reported earnings per share (EPS) of $0.40 for the last quarter, missing estimates by $0.02, with revenue of $2.99 billion, which was below the expected $3.02 billion.
• The company announced a quarterly dividend of $0.40, reflecting an annualized dividend of $1.60 and a dividend yield of 0.88%.

Seizert Capital Partners LLC reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 22.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,959 shares of the online travel company's stock after selling 64,868 shares during the quarter. Seizert Capital Partners LLC owned about 0.18% of Expedia Group worth $38,152,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in Expedia Group by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company's stock valued at $600,750,000 after purchasing an additional 30,163 shares during the period. Alkeon Capital Management LLC increased its position in Expedia Group by 25.4% in the 4th quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after acquiring an additional 400,000 shares during the period. Lyrical Asset Management LP raised its stake 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 valued at $328,591,000 after acquiring an additional 28,736 shares during the last quarter. FMR LLC lifted its position in Expedia Group by 6.5% during the 4th quarter. FMR LLC now owns 1,303,532 shares of the online travel company's stock worth $242,887,000 after acquiring an additional 79,372 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Expedia Group by 8.8% in the 4th quarter. Northern Trust Corp now owns 1,275,907 shares of the online travel company's stock valued at $237,740,000 after purchasing an additional 102,949 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Trading Down 1.2%

Shares of NASDAQ EXPE traded down $2.16 during midday trading on Friday, reaching $178.06. 1,674,154 shares of the stock were exchanged, compared to its average volume of 1,338,934. The stock has a 50 day moving average price of $174.03 and a 200-day moving average price of $172.71. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $22.63 billion, a P/E ratio of 21.00, a P/E/G ratio of 0.86 and a beta of 1.61. Expedia Group, Inc. has a 52-week low of $110.20 and a 52-week high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its 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 firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The firm's revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. Equities research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's dividend payout ratio is 18.87%.

Analyst Upgrades and Downgrades

EXPE has been the subject of several recent research reports. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 price target on shares of Expedia Group in a report on Wednesday, July 23rd. Bank of America increased their price target 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. Wall Street Zen raised Expedia Group from a "hold" rating to a "buy" rating in a report on Monday. JPMorgan Chase & Co. cut their target price on Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Barclays increased their price objective on Expedia Group from $187.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $189.38.

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.