Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by ValueAct Holdings L.P.

ValueAct Holdings L.P. decreased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 22.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,017,406 shares of the online travel company’s stock after selling 590,200 shares during the quarter. Expedia Group accounts for about 8.6% of ValueAct Holdings L.P.’s holdings, making the stock its 5th biggest holding. ValueAct Holdings L.P.’s holdings in Expedia Group were worth $375,903,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Greenleaf Trust lifted its holdings in Expedia Group by 2.5% in the fourth quarter. Greenleaf Trust now owns 2,520 shares of the online travel company’s stock worth $470,000 after purchasing an additional 61 shares during the period. UMB Bank n.a. lifted its holdings in Expedia Group by 14.8% in the fourth quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock worth $91,000 after purchasing an additional 63 shares during the period. Metis Global Partners LLC lifted its holdings in Expedia Group by 1.8% in the fourth quarter. Metis Global Partners LLC now owns 4,149 shares of the online travel company’s stock worth $773,000 after purchasing an additional 74 shares during the period. 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 worth $883,000 after purchasing 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 worth $4,124,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Price Performance

Shares of EXPE stock opened at $165.49 on Tuesday. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 0.92 and a beta of 1.62. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73. The stock has a 50-day moving average price of $160.53 and a 200 day moving average price of $176.22. 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) last posted its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Expedia Group’s quarterly revenue was up 3.4% compared to the same quarter last year. Research analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current 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 paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, May 29th. Expedia Group’s payout ratio is 18.87%.

Insider Buying and Selling at Expedia Group

In related 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 value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EXPE shares. B. Riley reaffirmed a “buy” rating and issued a $235.00 price objective (up previously from $220.00) on shares of Expedia Group in a report on Friday, February 7th. Bank of America boosted their price target on shares of Expedia Group from $205.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Susquehanna dropped their price target on shares of Expedia Group from $205.00 to $175.00 and set a “neutral” rating on the stock in a research report on Monday, May 12th. The Goldman Sachs Group dropped their price target on shares of Expedia Group from $219.00 to $183.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Finally, Citigroup boosted their price target on shares of Expedia Group from $200.00 to $217.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $186.35.

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.