Woodline Partners LP Decreases Position in Expedia Group, Inc. $EXPE

Key Points

• Woodline Partners LP reduced its stake in Expedia Group by 3.8%, holding 177,336 shares valued at approximately $29.81 million as of its latest SEC filing.
• Expedia Group posted $4.24 EPS for the quarter, exceeding analysts' expectations, with total revenue of $3.79 billion, a year-over-year increase of 6.4%.
• The company recently announced a quarterly dividend of $0.40, providing a modest 0.7% dividend yield to shareholders.

Woodline Partners LP trimmed its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 3.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 177,336 shares of the online travel company's stock after selling 7,061 shares during the period. Woodline Partners LP owned about 0.14% of Expedia Group worth $29,810,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EXPE. Nuveen LLC acquired a new stake in Expedia Group in the first quarter valued at $227,174,000. Los Angeles Capital Management LLC grew its holdings in Expedia Group by 3,369.4% during the 1st quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company's stock worth $172,995,000 after acquiring an additional 999,454 shares during the period. AQR Capital Management LLC grew its holdings in Expedia Group by 174.0% during the 1st quarter. AQR Capital Management LLC now owns 1,444,283 shares of the online travel company's stock worth $235,592,000 after acquiring an additional 917,192 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in Expedia Group during the 1st quarter worth about $82,975,000. Finally, Alkeon Capital Management LLC grew its holdings in Expedia Group by 20.2% during the 1st quarter. Alkeon Capital Management LLC now owns 2,375,276 shares of the online travel company's stock worth $399,284,000 after acquiring an additional 398,804 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Up 1.7%

NASDAQ EXPE traded up $3.81 during trading hours on Monday, hitting $226.00. The company's stock had a trading volume of 666,420 shares, compared to its average volume of 2,033,035. Expedia Group, Inc. has a 52 week low of $130.01 and a 52 week high of $226.82. The company has a market capitalization of $27.96 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 1.17 and a beta of 1.57. 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's 50-day simple moving average is $197.76 and its two-hundred day simple moving average is $176.64.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, topping the consensus estimate of $4.13 by $0.11. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The firm had revenue of $3.79 billion for the quarter, compared to analysts' expectations of $3.70 billion. During the same quarter last year, the firm earned $3.51 EPS. The company's quarterly revenue was up 6.4% compared to the same quarter last year. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

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

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 852 shares of Expedia Group stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total transaction of $175,409.76. Following the transaction, the chief accounting officer owned 12,036 shares of the company's stock, valued at $2,477,971.68. This trade represents a 6.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Dzielak sold 3,306 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $200.84, for a total transaction of $663,977.04. Following the sale, the insider owned 77,075 shares of the company's stock, valued at approximately $15,479,743. The trade was a 4.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,816 shares of company stock valued at $2,009,132 in the last 90 days. 9.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wedbush increased their price target on Expedia Group from $175.00 to $220.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Sanford C. Bernstein set a $210.00 price target on Expedia Group in a report on Monday, August 11th. DA Davidson increased 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 reiterated an "outperform" rating on shares of Expedia Group in a report on Friday, August 8th. Finally, Wall Street Zen upgraded Expedia Group from a "hold" rating to a "buy" rating in a report on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $205.63.

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.