Artisan Partners Limited Partnership Lowers Position in Expedia Group, Inc. $EXPE

Artisan Partners Limited Partnership trimmed its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 26.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 295,750 shares of the online travel company’s stock after selling 107,562 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.24% of Expedia Group worth $63,217,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Expedia Group in the fourth quarter worth $408,000. NewEdge Advisors LLC lifted its position in Expedia Group by 5.0% during the first quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock valued at $917,000 after buying an additional 259 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Expedia Group during the 2nd quarter valued at $596,000. Envestnet Asset Management Inc. grew its position in shares of Expedia Group by 11.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 208,855 shares of the online travel company’s stock worth $35,230,000 after buying an additional 22,091 shares during the period. Finally, Ashton Thomas Private Wealth LLC increased its stake in shares of Expedia Group by 3.5% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 4,770 shares of the online travel company’s stock worth $805,000 after acquiring an additional 163 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Wall Street Analyst Weigh In

EXPE has been the topic of a number of recent research reports. Bank of America upped their price objective on shares of Expedia Group from $303.00 to $306.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Royal Bank Of Canada upped their price target on Expedia Group from $260.00 to $290.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 17th. Weiss Ratings lowered Expedia Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. UBS Group set a $266.00 target price on Expedia Group in a report on Friday, February 13th. Finally, B. Riley Financial raised their price target on Expedia Group from $300.00 to $360.00 and gave the company a “buy” rating in a report on Monday, January 12th. Thirteen analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the stock. According to MarketBeat, Expedia Group currently has an average rating of “Hold” and a consensus price target of $282.55.

Insiders Place Their Bets

In related news, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $258.00, for a total value of $258,000.00. Following the sale, the director owned 2,916 shares in the company, valued at approximately $752,328. This trade represents a 25.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.13% of the stock is currently owned by company insiders.

Expedia Group Stock Down 1.0%

EXPE stock opened at $215.69 on Friday. The stock has a market capitalization of $26.43 billion, a P/E ratio of 21.90, a P/E/G ratio of 0.67 and a beta of 1.41. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a 1-year low of $130.01 and a 1-year high of $303.80. The business has a fifty day moving average price of $258.66 and a 200-day moving average price of $241.36.

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

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, March 5th. This is a positive change from Expedia Group’s previous quarterly dividend of $0.40. This represents a $1.92 annualized dividend and a dividend yield of 0.9%. Expedia Group’s dividend payout ratio is presently 16.24%.

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.