Glenmede Investment Management LP Trims Stock Position in Expedia Group, Inc. $EXPE

Glenmede Investment Management LP lessened its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 247,345 shares of the online travel company’s stock after selling 3,455 shares during the quarter. Glenmede Investment Management LP owned 0.20% of Expedia Group worth $52,870,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Grey Fox Wealth Advisors LLC acquired a new position in Expedia Group in the third quarter valued at approximately $30,000. Rossby Financial LCC boosted its position in Expedia Group by 103.8% in the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after purchasing an additional 82 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new stake in shares of Expedia Group during the 3rd quarter worth approximately $36,000. Armstrong Advisory Group Inc. increased its holdings in shares of Expedia Group by 212.7% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock valued at $37,000 after purchasing an additional 117 shares in the last quarter. Finally, Westside Investment Management Inc. increased its holdings 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 valued at $41,000 after purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 9.13% of the company’s stock.

Expedia Group Stock Up 0.3%

NASDAQ EXPE opened at $228.37 on Friday. Expedia Group, Inc. has a one year low of $130.01 and a one year high of $303.80. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.73 and a current ratio of 0.73. The business has a fifty day moving average price of $247.69 and a 200 day moving average price of $242.95. The company has a market cap of $27.98 billion, a P/E ratio of 23.18, a P/E/G ratio of 0.70 and a beta of 1.41.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.46. The business had revenue of $3.55 billion during 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 company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.39 earnings per share. Research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $1.92 annualized dividend and a yield of 0.8%. This is a boost from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s dividend payout ratio is currently 19.49%.

Analysts Set New Price Targets

EXPE has been the subject of several analyst reports. BMO Capital Markets boosted their target price on shares of Expedia Group from $250.00 to $255.00 and gave the company a “market perform” rating in a research note on Friday, February 13th. Evercore reaffirmed an “outperform” rating on shares of Expedia Group in a report on Monday, February 9th. Morgan Stanley upped their price objective on shares of Expedia Group from $180.00 to $270.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Benchmark decreased their price objective on shares of Expedia Group from $310.00 to $290.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Finally, DA Davidson lowered their target price on shares of Expedia Group from $294.00 to $260.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Thirteen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $281.65.

About Expedia Group

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.