Expedia Group, Inc. (NASDAQ:EXPE) is Windacre Partnership LLC’s 5th Largest Position

Windacre Partnership LLC cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,065,700 shares of the online travel company’s stock after selling 258,000 shares during the period. Expedia Group comprises about 11.1% of Windacre Partnership LLC’s holdings, making the stock its 5th largest holding. Windacre Partnership LLC owned about 3.17% of Expedia Group worth $757,562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXPE. Minot DeBlois Advisors LLC acquired a new stake in Expedia Group in the fourth quarter valued at $27,000. SRH Advisors LLC acquired a new stake in Expedia Group in the fourth quarter valued at $28,000. Sava Infond d.o.o. acquired a new stake in Expedia Group in the fourth quarter valued at $28,000. Grove Bank & Trust raised its stake in Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after buying an additional 142 shares in the last quarter. Finally, Prudent Man Investment Management Inc. acquired a new stake in Expedia Group in the fourth quarter valued at $34,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the sale, the insider now owns 74,502 shares in the company, valued at approximately $15,325,061.40. This represents a 6.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BMO Capital Markets lifted their target price on Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a research report on Monday, February 10th. Benchmark cut their target price on Expedia Group from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Truist Financial lifted their target price on Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, March 12th. StockNews.com cut Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, The Goldman Sachs Group cut their target price on Expedia Group from $219.00 to $183.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $186.35.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $166.66 on Monday. The business’s 50 day simple moving average is $160.47 and its 200-day simple moving average is $176.18. The firm has a market capitalization of $21.48 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. Expedia Group’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. As a group, equities analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend 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.