Expedia Group, Inc. $EXPE Shares Sold by Hound Partners LLC

Hound Partners LLC decreased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 17.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 351,025 shares of the online travel company’s stock after selling 71,772 shares during the period. Expedia Group comprises 8.0% of Hound Partners LLC’s holdings, making the stock its 5th largest holding. Hound Partners LLC owned approximately 0.28% of Expedia Group worth $59,211,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EXPE. Norges Bank acquired a new stake in shares of Expedia Group in the 2nd quarter valued at $663,882,000. AQR Capital Management LLC lifted its position in shares of Expedia Group by 102.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock worth $492,152,000 after buying an additional 1,473,386 shares during the last quarter. LSV Asset Management boosted its stake in Expedia Group by 497.0% in the second quarter. LSV Asset Management now owns 871,837 shares of the online travel company’s stock valued at $147,061,000 after buying an additional 725,797 shares in the last quarter. Alkeon Capital Management LLC grew its position in Expedia Group by 20.2% in the first quarter. Alkeon Capital Management LLC now owns 2,375,276 shares of the online travel company’s stock valued at $399,284,000 after acquiring an additional 398,804 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in Expedia Group by 121.1% during the first quarter. Acadian Asset Management LLC now owns 667,413 shares of the online travel company’s stock worth $112,173,000 after acquiring an additional 365,507 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Expedia Group

In related news, Director Madhumita Moina Banerjee sold 1,000 shares of Expedia Group stock in a transaction on Monday, December 1st. The shares were sold at an average price of $258.00, for a total transaction of $258,000.00. Following the completion of the transaction, the director owned 2,916 shares of the company’s stock, valued at $752,328. This trade represents a 25.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Lance A. Soliday sold 849 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $248.08, for a total transaction of $210,619.92. Following the sale, the chief accounting officer directly owned 11,662 shares in the company, valued at $2,893,108.96. This trade represents a 6.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 4,849 shares of company stock worth $1,283,270 over the last three months. 9.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. KeyCorp assumed coverage on shares of Expedia Group in a report on Wednesday, October 22nd. They set a “sector weight” rating on the stock. Barclays boosted their target price on shares of Expedia Group from $197.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Citigroup boosted their price objective on Expedia Group from $206.00 to $281.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Truist Financial set a $210.00 target price on Expedia Group in a report on Monday, October 27th. Finally, Benchmark lifted their price target on Expedia Group from $265.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and twenty-five have given a Hold rating to the company. According to data from MarketBeat.com, Expedia Group presently has a consensus rating of “Hold” and an average target price of $265.78.

Expedia Group Trading Down 2.5%

NASDAQ EXPE opened at $274.21 on Friday. The firm has a market capitalization of $33.60 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. The business’s 50-day moving average price is $239.66 and its two-hundred day moving average price is $208.93. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.72. Expedia Group, Inc. has a 12 month low of $130.01 and a 12 month high of $282.96.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, topping analysts’ consensus estimates of $7.10 by $0.47. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period in the previous year, the firm earned $6.13 earnings per share. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. On average, analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, November 19th. This represents a $1.60 annualized dividend and a dividend yield of 0.6%. Expedia Group’s dividend payout ratio is 15.31%.

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.