Los Angeles Capital Management LLC Trims Position in Expedia Group, Inc. $EXPE

Los Angeles Capital Management LLC cut its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 45.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 412,086 shares of the online travel company’s stock after selling 342,536 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Expedia Group were worth $116,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Entrust Financial LLC purchased a new position in Expedia Group during the 4th quarter worth approximately $26,000. JFS Wealth Advisors LLC raised its position in Expedia Group by 78.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after buying an additional 44 shares during the last quarter. Lodestone Wealth Management LLC purchased a new position in Expedia Group during the 4th quarter worth approximately $29,000. Rossby Financial LCC raised its position in Expedia Group by 103.8% during the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after buying an additional 82 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its position in Expedia Group by 970.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after buying an additional 165 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 940 shares of Expedia Group stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the sale, the chief accounting officer owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This trade represents a 6.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Expedia Group from $244.00 to $230.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Mizuho reduced their price target on shares of Expedia Group from $270.00 to $245.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. The Goldman Sachs Group raised their price objective on shares of Expedia Group from $325.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Sanford C. Bernstein dropped their price objective on shares of Expedia Group from $256.00 to $253.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 11th. Finally, Gordon Haskett dropped their price objective on shares of Expedia Group from $320.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Sixteen analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $284.42.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $228.88 on Friday. The stock has a market capitalization of $28.05 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 0.70 and a beta of 1.25. Expedia Group, Inc. has a 12 month low of $160.00 and a 12 month high of $303.80. The firm’s 50 day simple moving average is $234.33 and its 200-day simple moving average is $247.76. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The business’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the company earned $0.40 EPS. Analysts expect that Expedia Group, Inc. will post 17.07 EPS for the current year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, May 28th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. Expedia Group’s dividend payout ratio (DPR) is currently 16.90%.

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.