Wellington Management Group LLP Sells 7,141 Shares of Expedia Group, Inc. $EXPE

Key Points

• Wellington Management Group LLP significantly reduced its stake in Expedia Group, Inc. by 50.8%, holding 6,914 shares worth approximately $1.16 million after selling over 7,000 shares during Q1.
• Several institutional investors have also made changes to their positions in Expedia, collectively owning 90.76% of the company's stock.
• Expedia reported a quarterly earnings beat of $4.24 per share on revenue of $3.79 billion, representing a 6.4% year-over-year increase in revenue.

Wellington Management Group LLP lessened its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 50.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,914 shares of the online travel company's stock after selling 7,141 shares during the quarter. Wellington Management Group LLP's holdings in Expedia Group were worth $1,162,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Altman Advisors Inc. lifted its position in shares of Expedia Group by 0.5% during the 1st quarter. Altman Advisors Inc. now owns 13,338 shares of the online travel company's stock valued at $2,093,000 after buying an additional 65 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Expedia Group by 14.1% during the first quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock valued at $94,000 after buying an additional 69 shares during the last quarter. Foyston Gordon & Payne Inc boosted its holdings in shares of Expedia Group by 0.3% during the fourth quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock worth $4,124,000 after purchasing an additional 74 shares during the period. Horizon Investments LLC boosted its position in Expedia Group by 4.4% during the 1st quarter. Horizon Investments LLC now owns 1,780 shares of the online travel company's stock valued at $299,000 after acquiring an additional 75 shares in the last quarter. Finally, Ascent Group LLC boosted its position in shares of Expedia Group by 3.2% in the 4th quarter. Ascent Group LLC now owns 2,430 shares of the online travel company's stock worth $453,000 after purchasing an additional 76 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on EXPE shares. Morgan Stanley upped their price objective on Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Wall Street Zen raised Expedia Group from a "hold" rating to a "buy" rating in a research report on Monday, July 28th. Citigroup lifted their price target on shares of Expedia Group from $177.00 to $206.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Wedbush upped their target price on shares of Expedia Group from $175.00 to $220.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Finally, UBS Group increased their price target on shares of Expedia Group from $182.00 to $209.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $205.63.

Expedia Group Stock Performance

EXPE stock traded down $2.74 on Friday, reaching $213.79. 226,987 shares of the company were exchanged, compared to its average volume of 2,061,316. The firm has a market capitalization of $26.45 billion, a PE ratio of 26.24, a PEG ratio of 1.09 and a beta of 1.57. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The stock's fifty day moving average price is $192.34 and its 200 day moving average price is $176.25. Expedia Group, Inc. has a 12 month low of $126.46 and a 12 month high of $219.10.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its earnings results 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 analysts' expectations of $3.70 billion. During the same quarter last year, the company posted $3.51 EPS. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 28th. Expedia Group's dividend payout ratio (DPR) is currently 19.61%.

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 852 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total value of $175,409.76. Following the transaction, the chief accounting officer owned 12,036 shares in the company, valued at approximately $2,477,971.68. The trade was a 6.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Craig A. Jacobson sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $207.78, for a total value of $623,340.00. Following the sale, the director owned 33,858 shares of the company's stock, valued at approximately $7,035,015.24. This represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,816 shares of company stock worth $2,009,132. Corporate insiders own 9.13% of the company's stock.

Expedia Group 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.