Todd Asset Management LLC Has $23.68 Million Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Todd Asset Management LLC reduced its stake in Expedia Group by 12.1% in the first quarter, now holding 140,877 shares valued at approximately $23.68 million.
• Expedia Group reported earnings of $4.24 per share for the last quarter, exceeding analysts' expectations, with a revenue increase of 6.4% year-over-year.
• The firm announced a quarterly dividend of $0.40 per share, with a payout ratio of 18.87%, demonstrating a steady approach towards returning value to shareholders.

Todd Asset Management LLC trimmed its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 12.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,877 shares of the online travel company's stock after selling 19,373 shares during the period. Todd Asset Management LLC owned about 0.11% of Expedia Group worth $23,681,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Independent Advisor Alliance grew its position in Expedia Group by 18.4% in the first quarter. Independent Advisor Alliance now owns 2,806 shares of the online travel company's stock valued at $472,000 after acquiring an additional 436 shares during the period. Nuveen LLC acquired a new position in shares of Expedia Group during the first quarter valued at $227,174,000. Entropy Technologies LP acquired a new position in shares of Expedia Group during the first quarter valued at $1,543,000. Atlas Capital Advisors Inc. acquired a new position in Expedia Group in the first quarter valued at about $28,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Expedia Group in the first quarter valued at about $14,794,000. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EXPE has been the subject of several recent analyst reports. Piper Sandler set a $190.00 price target on Expedia Group and gave the stock an "underweight" rating in a report on Friday. Citigroup restated a "buy" rating on shares of Expedia Group in a research note on Friday. UBS Group raised their price target on Expedia Group from $182.00 to $209.00 and gave the company a "neutral" rating in a research note on Friday. BTIG Research set a $250.00 price objective on Expedia Group and gave the company a "buy" rating in a research report on Friday. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 price objective on shares of Expedia Group in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Expedia Group has an average rating of "Moderate Buy" and an average price target of $206.04.

Expedia Group Price Performance

EXPE stock traded up $10.56 during midday trading on Tuesday, reaching $203.19. 2,429,410 shares of the stock were exchanged, compared to its average volume of 1,929,584. The stock has a market capitalization of $25.83 billion, a PE ratio of 24.90, a P/E/G ratio of 0.89 and a beta of 1.61. Expedia Group, Inc. has a 52 week low of $126.46 and a 52 week high of $213.00. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.73. The company has a fifty day moving average price of $177.85 and a 200 day moving average price of $173.03.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, beating analysts' consensus estimates of $4.13 by $0.11. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the previous year, the company posted $3.51 EPS. The business's revenue was up 6.4% on a year-over-year basis. As a group, analysts expect 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 Thursday, September 18th. Stockholders of record on Thursday, August 28th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 28th. Expedia Group's payout ratio is currently 19.61%.

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.