Assenagon Asset Management S.A. Cuts Holdings in Expedia Group, Inc. $EXPE

Assenagon Asset Management S.A. cut its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 11.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,332 shares of the online travel company’s stock after selling 10,393 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Expedia Group were worth $19,471,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Motiv8 Investments LLC purchased a new stake in shares of Expedia Group during the 4th quarter worth $25,000. Entrust Financial LLC purchased a new stake in Expedia Group during the fourth quarter worth about $26,000. JFS Wealth Advisors LLC grew its position in Expedia Group by 78.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after buying an additional 44 shares during the period. Lodestone Wealth Management LLC acquired a new position in Expedia Group during the fourth quarter worth about $29,000. Finally, DV Equities LLC purchased a new position in Expedia Group in the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on EXPE shares. Deutsche Bank Aktiengesellschaft decreased their price target on Expedia Group from $244.00 to $230.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Dbs Bank raised Expedia Group from a “hold” rating to a “moderate buy” rating in a report on Monday, May 11th. Gordon Haskett decreased their target price on Expedia Group from $320.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Citigroup reissued a “neutral” rating on shares of Expedia Group in a report on Monday, May 18th. Finally, TD Cowen lifted their price target on Expedia Group from $260.00 to $285.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the stock. According to MarketBeat, Expedia Group currently has a consensus rating of “Hold” and an average price target of $284.42.

Expedia Group Stock Performance

Shares of EXPE opened at $263.29 on Friday. 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 has a market capitalization of $32.26 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 0.66 and a beta of 1.25. The company’s 50 day simple moving average is $236.29 and its 200 day simple moving average is $246.33. Expedia Group, Inc. has a 1 year low of $166.22 and a 1 year high of $303.80.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the previous year, the company earned $0.40 EPS. Expedia Group’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, sell-side analysts predict that Expedia Group, Inc. will post 16.98 EPS for the current year.

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were given a dividend of $0.48 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.92 annualized dividend and a yield of 0.7%. Expedia Group’s dividend payout ratio is 16.90%.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $233.00, for a total value of $1,095,566.00. Following the sale, the insider directly owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. This trade represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Lance A. Soliday sold 940 shares of the business’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 owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.20% of the stock is currently owned by company insiders.

Expedia Group 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.