Verdence Capital Advisors LLC Sells 2,002 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Verdence Capital Advisors LLC reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 31.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,366 shares of the online travel company's stock after selling 2,002 shares during the period. Verdence Capital Advisors LLC's holdings in Expedia Group were worth $734,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in Expedia Group during the 4th quarter valued at $670,565,000. Geode Capital Management LLC raised its holdings in Expedia Group by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,228,090 shares of the online travel company's stock valued at $600,750,000 after acquiring an additional 30,163 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Expedia Group by 6.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company's stock valued at $439,808,000 after acquiring an additional 150,480 shares during the period. Alkeon Capital Management LLC raised its holdings in Expedia Group by 25.4% during 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. Finally, Lyrical Asset Management LP raised 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 valued at $328,591,000 after acquiring an additional 28,736 shares during the period. 90.76% of the stock is owned by institutional investors.

Expedia Group Stock Up 1.6%

Expedia Group stock traded up $2.85 during trading hours on Friday, hitting $184.93. The stock had a trading volume of 1,155,116 shares, compared to its average volume of 1,888,902. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $23.51 billion, a P/E ratio of 21.81, 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 stock's 50-day moving average price is $170.27 and its 200-day moving average price is $172.55.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The firm's quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. Equities research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Expedia Group's payout ratio is 18.87%.

Analyst Ratings Changes

EXPE has been the topic of several recent analyst reports. Cantor Fitzgerald reiterated a "neutral" rating and issued a $170.00 target price on shares of Expedia Group in a research note on Thursday, May 15th. Wedbush reiterated a "neutral" rating and issued a $165.00 target price (down from $180.00) on shares of Expedia Group in a research note on Friday, May 9th. The Goldman Sachs Group lowered their target price on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Truist Financial lowered their price objective on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a research report on Tuesday, June 24th. Finally, Morgan Stanley lowered their price objective on shares of Expedia Group from $190.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $187.19.

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.