AustralianSuper Pty Ltd Sells 103,852 Shares of Expedia Group, Inc. $EXPE

AustralianSuper Pty Ltd lowered its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 35.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,200 shares of the online travel company’s stock after selling 103,852 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.16% of Expedia Group worth $41,083,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPE. Bessemer Group Inc. increased its holdings in shares of Expedia Group by 0.8% during the third quarter. Bessemer Group Inc. now owns 6,201 shares of the online travel company’s stock worth $1,325,000 after buying an additional 52 shares in the last quarter. First Horizon Advisors Inc. grew its position in Expedia Group by 4.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,346 shares of the online travel company’s stock worth $227,000 after acquiring an additional 55 shares during the last quarter. Blue Trust Inc. increased its holdings in Expedia Group by 8.0% during the 3rd quarter. Blue Trust Inc. now owns 745 shares of the online travel company’s stock valued at $159,000 after purchasing an additional 55 shares in the last quarter. Millington Financial Advisors LLC raised its position in Expedia Group by 0.4% in the 3rd quarter. Millington Financial Advisors LLC now owns 13,308 shares of the online travel company’s stock valued at $2,870,000 after purchasing an additional 55 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its stake in Expedia Group by 43.2% in the third 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 in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Performance

Shares of EXPE stock opened at $215.14 on Wednesday. The stock has a market cap of $26.36 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 0.66 and a beta of 1.41. The stock has a 50-day moving average of $255.67 and a 200-day moving average of $241.95. 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 one year low of $130.01 and a one year high of $303.80.

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. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.39 earnings per share. As a group, sell-side analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on EXPE. Rothschild & Co Redburn raised their target price on Expedia Group from $290.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Wells Fargo & Company decreased their price objective on shares of Expedia Group from $329.00 to $315.00 and set an “equal weight” rating on the stock in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft set a $244.00 price objective on shares of Expedia Group in a research report on Friday, February 13th. Evercore reiterated an “outperform” rating on shares of Expedia Group in a research report on Monday, February 9th. Finally, Truist Financial increased their price target on shares of Expedia Group from $210.00 to $252.00 and gave the company a “hold” rating in a research note on Tuesday, February 10th. Thirteen equities research analysts have rated the stock with 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 an average rating of “Hold” and a consensus target price of $281.74.

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.