Expedia Group, Inc. $EXPE Shares Sold by GraniteShares Advisors LLC

GraniteShares Advisors LLC trimmed its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 89.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 283 shares of the online travel company’s stock after selling 2,396 shares during the period. GraniteShares Advisors LLC’s holdings in Expedia Group were worth $80,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CI Investments Inc. raised its position in shares of Expedia Group by 1,735.0% during the 3rd quarter. CI Investments Inc. now owns 42,223 shares of the online travel company’s stock worth $9,025,000 after buying an additional 39,922 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in Expedia Group during the 3rd quarter valued at about $1,063,000. Convergence Investment Partners LLC acquired a new position in shares of Expedia Group in the third quarter worth $1,001,000. Railway Pension Investments Ltd raised its position in Expedia Group by 19.6% during the third quarter. Railway Pension Investments Ltd now owns 115,200 shares of the online travel company’s stock valued at $24,624,000 after acquiring an additional 18,900 shares in the last quarter. Finally, Savant Capital LLC raised its holdings in Expedia Group by 13.9% during the third quarter. Savant Capital LLC now owns 39,700 shares of the online travel company’s stock valued at $8,486,000 after buying an additional 4,853 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXPE has been the topic of a number of research reports. Susquehanna reaffirmed a “neutral” rating and set a $240.00 target price on shares of Expedia Group in a research report on Tuesday, February 17th. DA Davidson decreased their target price on Expedia Group from $294.00 to $260.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. BTIG Research reiterated a “buy” rating and issued a $330.00 price objective on shares of Expedia Group in a research report on Monday, March 16th. Wells Fargo & Company lowered their target price on shares of Expedia Group from $315.00 to $311.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Robert W. Baird increased their price objective on Expedia Group from $280.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Fourteen equities research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $282.65.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $225.30 on Friday. Expedia Group, Inc. has a 12 month low of $130.01 and a 12 month high of $303.80. The company has a market cap of $27.61 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 0.69 and a beta of 1.33. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.75. The stock has a 50-day moving average price of $231.07 and a two-hundred day moving average price of $244.78.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.46. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.41 billion. During the same quarter last year, the business earned $2.39 EPS. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 5th were issued a $0.48 dividend. The ex-dividend date was Thursday, March 5th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s dividend payout ratio (DPR) is currently 19.49%.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 8,225 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the transaction, the insider directly owned 102,480 shares of the company’s stock, valued at $22,629,633.60. This trade represents a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 9.13% of the company’s stock.

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.