Wellington Management Group LLP Reduces Stock Position in 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 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Minot DeBlois Advisors LLC bought a new position in shares of Expedia Group during the 4th quarter worth $27,000. McClarren Financial Advisors Inc. bought a new stake in Expedia Group during the first quarter valued at about $28,000. Atlas Capital Advisors Inc. bought a new stake in Expedia Group during the first quarter valued at about $28,000. Park Square Financial Group LLC bought a new stake in Expedia Group during the first quarter valued at about $34,000. Finally, Zions Bancorporation National Association UT bought a new stake in Expedia Group during the first quarter valued at about $36,000. Institutional investors own 90.76% of the company's stock.

Insider Buying and Selling

In other news, Director Craig A. Jacobson sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $207.78, for a total value of $623,340.00. Following the transaction, the director owned 33,858 shares in the company, valued at $7,035,015.24. This trade represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert J. Dzielak sold 3,306 shares of Expedia Group stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $200.84, for a total value of $663,977.04. Following the completion of the sale, the insider directly owned 77,075 shares in the company, valued at $15,479,743. This represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,816 shares of company stock worth $2,009,132 in the last 90 days. Insiders own 9.13% of the company's stock.

Analyst Upgrades and Downgrades

EXPE has been the topic of a number of recent research reports. BTIG Research set a $250.00 price objective on Expedia Group and gave the company a "buy" rating in a research report on Friday, August 8th. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 price target on shares of Expedia Group in a report on Wednesday, July 23rd. DA Davidson raised their price target on Expedia Group from $174.00 to $218.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Oppenheimer reissued an "outperform" rating on shares of Expedia Group in a report on Friday, August 8th. Finally, Citigroup raised their price target on Expedia Group from $177.00 to $206.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Three 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $205.63.

Expedia Group Stock Performance

Expedia Group stock traded down $2.68 during mid-day trading on Tuesday, hitting $212.12. The company had a trading volume of 1,120,642 shares, compared to its average volume of 2,055,849. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $26.24 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 1.10 and a beta of 1.57. The company's fifty day moving average is $189.55 and its 200-day moving average is $175.65. Expedia Group, Inc. has a 12-month low of $126.46 and a 12-month high of $216.60.

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 the consensus estimate of $4.13 by $0.11. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.70 billion. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The firm's revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $3.51 earnings per share. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current 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. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. 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.