Expedia Group, Inc. $EXPE Shares Sold by General American Investors Co. Inc.

General American Investors Co. Inc. cut its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 48.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 73,157 shares of the online travel company’s stock after selling 70,000 shares during the period. General American Investors Co. Inc. owned about 0.06% of Expedia Group worth $15,637,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Spire Wealth Management boosted its stake in Expedia Group by 114.3% in the second quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock valued at $25,000 after acquiring an additional 80 shares during the period. GFG Capital LLC bought a new stake in shares of Expedia Group in the 2nd quarter worth approximately $29,000. Grey Fox Wealth Advisors LLC acquired a new position in Expedia Group during the 3rd quarter valued at approximately $30,000. Trust Co. of Toledo NA OH acquired a new position in Expedia Group during the 2nd quarter valued at approximately $31,000. Finally, SOA Wealth Advisors LLC. bought a new position in Expedia Group during the 3rd quarter worth $36,000. Institutional investors own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EXPE. DA Davidson reissued a “neutral” rating and set a $294.00 price target on shares of Expedia Group in a report on Thursday, December 11th. CICC Research upgraded shares of Expedia Group from a “market perform” rating to an “outperform” rating and set a $271.00 price objective on the stock in a research report on Monday, November 10th. Oppenheimer upped their target price on shares of Expedia Group from $250.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. The Goldman Sachs Group lifted their price target on Expedia Group from $253.00 to $295.00 and gave the company a “buy” rating in a report on Friday, November 7th. Finally, Citigroup increased their price objective on Expedia Group from $206.00 to $281.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and twenty-two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Expedia Group currently has a consensus rating of “Hold” and an average price target of $289.13.

Expedia Group Price Performance

NASDAQ EXPE opened at $269.49 on Tuesday. Expedia Group, Inc. has a 12 month low of $130.01 and a 12 month high of $303.80. The firm has a market capitalization of $33.02 billion, a PE ratio of 25.79, a P/E/G ratio of 0.87 and a beta of 1.43. The company’s 50 day simple moving average is $275.59 and its 200 day simple moving average is $234.83. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.74 and a quick ratio of 0.74.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same period last year, the company posted $6.13 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities research analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

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

Insider Buying and Selling at Expedia Group

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