New Age Alpha Advisors LLC Sells 9,423 Shares of Expedia Group, Inc. $EXPE

New Age Alpha Advisors LLC lessened its position in Expedia Group, Inc. (NASDAQ:EXPE) by 60.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,184 shares of the online travel company’s stock after selling 9,423 shares during the period. New Age Alpha Advisors LLC’s holdings in Expedia Group were worth $1,752,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Entrust Financial LLC acquired a new position in shares of Expedia Group in the fourth quarter valued at approximately $26,000. JFS Wealth Advisors LLC raised its holdings in Expedia Group by 78.6% in the 4th 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 last quarter. Lodestone Wealth Management LLC acquired a new stake in Expedia Group during the 4th quarter worth approximately $29,000. Rossby Financial LCC grew its holdings in Expedia Group by 103.8% during the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after acquiring an additional 82 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in Expedia Group by 970.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after acquiring an additional 165 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Robert J. Dzielak sold 8,225 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the sale, the insider owned 102,480 shares in the company, valued at $22,629,633.60. This represents a 7.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.20% of the stock is owned by corporate insiders.

Expedia Group Trading Up 1.6%

EXPE opened at $226.56 on Thursday. Expedia Group, Inc. has a twelve month low of $160.00 and a twelve month high of $303.80. The company has a fifty day moving average of $235.86 and a 200-day moving average of $249.56. The stock has a market cap of $27.76 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 0.69 and a beta of 1.30. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43.

Expedia Group (NASDAQ:EXPE) last released its 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 business had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. Expedia Group’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share. On average, sell-side analysts predict that Expedia Group, Inc. will post 16.76 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently disclosed 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. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, May 28th. Expedia Group’s payout ratio is currently 16.90%.

Analysts Set New Price Targets

Several equities analysts have issued reports on EXPE shares. Wall Street Zen upgraded shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. The Goldman Sachs Group boosted their price objective on shares of Expedia Group from $325.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Sanford C. Bernstein decreased their price objective on Expedia Group from $256.00 to $253.00 and set a “market perform” rating for the company in a report on Wednesday, March 11th. Morgan Stanley raised their target price on Expedia Group from $270.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Finally, Barclays lifted their target price on Expedia Group from $260.00 to $264.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Sixteen equities research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. According to data from MarketBeat.com, Expedia Group presently has a consensus rating of “Hold” and a consensus target price of $284.42.

About Expedia Group

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.