Perpetual Ltd Lowers Stake in Expedia Group, Inc. $EXPE

Perpetual Ltd cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 65.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,741 shares of the online travel company’s stock after selling 7,042 shares during the quarter. Perpetual Ltd’s holdings in Expedia Group were worth $1,060,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Windacre Partnership LLC lifted its stake in shares of Expedia Group by 9.2% during the 3rd quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock worth $787,049,000 after purchasing an additional 309,900 shares during the last quarter. AQR Capital Management LLC grew its stake in Expedia Group by 25.0% in the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock valued at $779,275,000 after purchasing an additional 728,063 shares during the last quarter. Invesco Ltd. raised its holdings in Expedia Group by 8.0% in the third quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock worth $667,507,000 after purchasing an additional 230,176 shares in the last quarter. Alkeon Capital Management LLC raised its holdings in Expedia Group by 4.2% in the second quarter. Alkeon Capital Management LLC now owns 2,475,276 shares of the online travel company’s stock worth $417,530,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Expedia Group by 24,899.5% during the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after buying an additional 1,801,232 shares during the last quarter. 90.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EXPE has been the topic of a number of recent analyst reports. Citizens Jmp restated a “market perform” rating on shares of Expedia Group in a report on Tuesday, February 17th. B. Riley Financial increased their target price on shares of Expedia Group from $300.00 to $360.00 and gave the company a “buy” rating in a research report on Monday, January 12th. BMO Capital Markets raised 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. DA Davidson cut their price target on shares of Expedia Group from $294.00 to $260.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Finally, Benchmark lowered their price objective on Expedia Group from $310.00 to $290.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Fourteen 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 presently has a consensus rating of “Hold” and an average price target of $282.65.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the sale, the insider owned 102,480 shares in the company, valued at approximately $22,629,633.60. The trade was a 7.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.13% of the company’s stock.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $225.30 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.75. Expedia Group, Inc. has a 12-month low of $130.01 and a 12-month high of $303.80. The firm has a market capitalization 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 firm’s 50 day simple moving average is $231.07 and its two-hundred day simple moving average is $244.78.

Expedia Group (NASDAQ:EXPE) last posted 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. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.39 earnings per share. Analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $1.92 dividend on an annualized basis and a yield of 0.9%. This is an increase from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s payout ratio is presently 19.49%.

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.