Goodnow Investment Group LLC Reduces Stock Holdings in Expedia Group, Inc. $EXPE

Goodnow Investment Group LLC reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 23.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 263,071 shares of the online travel company’s stock after selling 81,839 shares during the quarter. Expedia Group accounts for approximately 7.0% of Goodnow Investment Group LLC’s holdings, making the stock its 3rd biggest position. Goodnow Investment Group LLC’s holdings in Expedia Group were worth $74,531,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EXPE. Motiv8 Investments LLC bought a new position in shares of Expedia Group during the 4th quarter worth about $25,000. Entrust Financial LLC acquired a new position in shares of Expedia Group during the fourth quarter valued at about $26,000. JFS Wealth Advisors LLC lifted its stake in shares of Expedia Group by 78.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after buying an additional 44 shares during the period. Lodestone Wealth Management LLC acquired a new stake in Expedia Group during the fourth quarter worth about $29,000. Finally, Rossby Financial LCC grew its position in Expedia Group by 103.8% during the third quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after buying an additional 82 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on EXPE shares. Gordon Haskett cut their price target on Expedia Group from $320.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Barclays lifted their price objective on Expedia Group from $260.00 to $264.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Sanford C. Bernstein cut their target price on Expedia Group from $256.00 to $253.00 and set a “market perform” rating for the company in a research note on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft reduced their target price on Expedia Group from $244.00 to $230.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $330.00 target price on shares of Expedia Group in a research report on Tuesday, June 9th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the stock. Based on data from MarketBeat.com, Expedia Group presently has an average rating of “Hold” and an average target price of $284.42.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the sale, the insider directly owned 105,448 shares of the company’s stock, valued at $24,569,384. This represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the sale, the chief accounting officer directly owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.20% of the company’s stock.

Expedia Group Stock Up 5.4%

Shares of NASDAQ:EXPE opened at $236.98 on Tuesday. Expedia Group, Inc. has a 52 week low of $160.00 and a 52 week high of $303.80. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73. The company’s fifty day moving average is $234.20 and its 200-day moving average is $247.03. The company has a market capitalization of $29.04 billion, a PE ratio of 20.86, a P/E/G ratio of 0.59 and a beta of 1.25.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.55. The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm posted $0.40 EPS. Equities research analysts predict that Expedia Group, Inc. will post 17.07 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th will be paid a $0.48 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. Expedia Group’s dividend payout ratio (DPR) is 16.90%.

Expedia Group Company Profile

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third?party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.