Meitav Investment House Ltd. Cuts Stock Position in Expedia Group, Inc. $EXPE

Meitav Investment House Ltd. decreased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 83.7% in the first quarter, HoldingsChannel reports. The fund owned 898 shares of the online travel company’s stock after selling 4,628 shares during the quarter. Meitav Investment House Ltd.’s holdings in Expedia Group were worth $207,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of EXPE. Burney Co. lifted its holdings in shares of Expedia Group by 181.7% during the 1st quarter. Burney Co. now owns 119,167 shares of the online travel company’s stock valued at $27,514,000 after purchasing an additional 76,861 shares during the last quarter. Westbourne Investment Advisors Inc. raised its stake in Expedia Group by 0.5% in the first quarter. Westbourne Investment Advisors Inc. now owns 37,512 shares of the online travel company’s stock valued at $8,661,000 after buying an additional 192 shares during the last quarter. California First Leasing Corp acquired a new stake in Expedia Group in the first quarter worth about $2,749,000. Collaborative Fund Advisors LLC purchased a new stake in shares of Expedia Group during the first quarter worth about $2,164,000. Finally, Kathmere Capital Management LLC increased its holdings in shares of Expedia Group by 21.1% during the first quarter. Kathmere Capital Management LLC now owns 6,725 shares of the online travel company’s stock valued at $1,553,000 after acquiring an additional 1,170 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Stock Up 1.2%

Shares of EXPE opened at $269.87 on Wednesday. Expedia Group, Inc. has a 52 week low of $174.05 and a 52 week high of $303.80. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. The company has a market capitalization of $33.07 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 0.70 and a beta of 1.23. The stock’s 50-day moving average price is $236.81 and its 200-day moving average price is $245.63.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.Expedia Group’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. On average, sell-side analysts predict that Expedia Group, Inc. will post 16.98 EPS for the current year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th were issued a $0.48 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. Expedia Group’s payout ratio is presently 16.90%.

Analysts Set New Price Targets

Several analysts have weighed in on EXPE shares. Wells Fargo & Company dropped their target price on shares of Expedia Group from $307.00 to $303.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 30th. Weiss Ratings lowered shares of Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Barclays upped their target price on Expedia Group from $260.00 to $264.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Dbs Bank raised Expedia Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, May 11th. Finally, Argus raised their price objective on Expedia Group from $270.00 to $315.00 and gave the stock a “buy” rating in a research note on Tuesday. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $286.27.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the sale, the insider directly owned 105,448 shares of the company’s stock, valued at $24,569,384. This represents a 4.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Lance A. Soliday sold 940 shares of Expedia Group stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the completion of the transaction, the chief accounting officer owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.20% of the company’s stock.

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.