Nuveen Asset Management LLC Cuts Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Nuveen Asset Management LLC reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,116,784 shares of the online travel company's stock after selling 57,642 shares during the period. Nuveen Asset Management LLC owned 0.87% of Expedia Group worth $208,090,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Greenleaf Trust increased its position in Expedia Group by 2.5% during the 4th quarter. Greenleaf Trust now owns 2,520 shares of the online travel company's stock valued at $470,000 after purchasing an additional 61 shares during the period. UMB Bank n.a. increased its position in shares of Expedia Group by 14.8% during the fourth quarter. UMB Bank n.a. now owns 489 shares of the online travel company's stock worth $91,000 after buying an additional 63 shares during the period. Metis Global Partners LLC raised its stake in Expedia Group by 1.8% during the fourth quarter. Metis Global Partners LLC now owns 4,149 shares of the online travel company's stock worth $773,000 after buying an additional 74 shares during the last quarter. Diametric Capital LP lifted its holdings in Expedia Group by 1.6% in the fourth quarter. Diametric Capital LP now owns 4,737 shares of the online travel company's stock valued at $883,000 after buying an additional 74 shares during the period. Finally, Foyston Gordon & Payne Inc lifted its holdings in Expedia Group by 0.3% in the fourth quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock valued at $4,124,000 after buying an additional 74 shares during the period. 90.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the sale, the insider now owns 74,502 shares of the company's stock, valued at approximately $15,325,061.40. This represents a 6.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EXPE has been the topic of a number of research reports. HSBC upgraded shares of Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 target price on the stock in a research report on Friday, February 7th. Truist Financial raised their price objective on Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a research note on Wednesday, March 12th. Susquehanna dropped their price objective on Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a report on Monday, May 12th. JMP Securities reissued a "market perform" rating on shares of Expedia Group in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $186.35.

Expedia Group Trading Down 0.7%

EXPE stock traded down $1.17 during trading on Monday, hitting $165.49. The company had a trading volume of 1,825,509 shares, compared to its average volume of 1,930,341. The firm has a market capitalization of $21.32 billion, a P/E ratio of 18.29, a PEG ratio of 0.92 and a beta of 1.62. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $207.73. The company has a 50 day simple moving average of $160.47 and a 200-day simple moving average of $176.18. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87.

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 for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The company's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. As a group, research analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.

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.