Expedia Group, Inc. $EXPE Shares Sold by CenterBook Partners LP

CenterBook Partners LP decreased its position in Expedia Group, Inc. (NASDAQ:EXPE) by 91.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,389 shares of the online travel company’s stock after selling 15,366 shares during the quarter. CenterBook Partners LP’s holdings in Expedia Group were worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Grey Fox Wealth Advisors LLC acquired a new position in shares of Expedia Group in the third quarter valued at approximately $30,000. Spire Wealth Management grew its stake in Expedia Group by 114.3% in the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock worth $25,000 after acquiring an additional 80 shares during the period. SOA Wealth Advisors LLC. purchased a new stake in Expedia Group in the 3rd quarter worth approximately $36,000. Armstrong Advisory Group Inc. raised its holdings in Expedia Group by 212.7% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock valued at $37,000 after acquiring an additional 117 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its stake in shares of Expedia Group by 43.2% during the 3rd quarter. Westside Investment Management Inc. now owns 189 shares of the online travel company’s stock worth $41,000 after purchasing an additional 57 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $258.00, for a total transaction of $258,000.00. Following the completion of the sale, the director directly owned 2,916 shares in the company, valued at $752,328. This trade represents a 25.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.13% of the stock is currently owned by insiders.

Expedia Group Trading Up 1.9%

Shares of EXPE opened at $203.48 on Monday. Expedia Group, Inc. has a 12 month low of $130.01 and a 12 month high of $303.80. The stock’s 50-day moving average is $266.70 and its two-hundred day moving average is $241.60. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $24.93 billion, a PE ratio of 20.66, a P/E/G ratio of 0.63 and a beta of 1.42.

Expedia Group (NASDAQ:EXPE) last posted 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. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.41 billion. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.39 earnings per share. Equities analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, March 5th. This is an increase from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s dividend payout ratio is currently 16.24%.

Analysts Set New Price Targets

EXPE has been the subject of a number of recent analyst reports. Sanford C. Bernstein lifted their price objective on Expedia Group from $210.00 to $256.00 and gave the company a “market perform” rating in a research report on Tuesday, January 6th. Royal Bank Of Canada lifted their price target on Expedia Group from $260.00 to $290.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. HSBC increased their price objective on shares of Expedia Group from $365.00 to $387.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Susquehanna reissued a “neutral” rating and issued a $240.00 target price on shares of Expedia Group in a research report on Tuesday, February 17th. Finally, CICC Research raised shares of Expedia Group from a “market perform” rating to an “outperform” rating and set a $271.00 price target for the company in a research report on Monday, November 10th. Thirteen investment analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Expedia Group has an average rating of “Hold” and a consensus target price of $282.55.

Expedia Group Company 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.