Annex Advisory Services LLC Decreases Stock Position in Expedia Group, Inc. $EXPE

Annex Advisory Services LLC lowered its position in Expedia Group, Inc. (NASDAQ:EXPE) by 40.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 136,749 shares of the online travel company’s stock after selling 94,344 shares during the period. Annex Advisory Services LLC’s holdings in Expedia Group were worth $34,991,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Expedia Group in the fourth quarter valued at approximately $861,979,000. Wellington Management Group LLP raised its stake in shares of Expedia Group by 24,899.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after purchasing an additional 1,801,232 shares during the period. AQR Capital Management LLC raised its stake in shares of Expedia Group by 25.0% during the 3rd 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 period. First Trust Advisors LP lifted its holdings in Expedia Group by 104.1% during the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock worth $275,112,000 after purchasing an additional 607,698 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in Expedia Group by 55.0% during the 4th quarter. Deutsche Bank AG now owns 1,286,093 shares of the online travel company’s stock worth $364,363,000 after purchasing an additional 456,176 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EXPE shares. Evercore reiterated an “outperform” rating on shares of Expedia Group in a research report on Thursday, August 6th. Robert W. Baird set a $335.00 price objective on shares of Expedia Group in a research report on Thursday, August 6th. Gordon Haskett reduced their price objective on shares of Expedia Group from $320.00 to $290.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. B. Riley Financial upped their target price on shares of Expedia Group from $350.00 to $390.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Wall Street Zen cut shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $310.88.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the transaction, the chief accounting officer directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert J. Dzielak sold 4,702 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $233.00, for a total value of $1,095,566.00. Following the completion of the sale, the insider owned 105,448 shares of the company’s stock, valued at $24,569,384. The trade was a 4.27% decrease in their position. The SEC filing for this sale provides additional information. 5.20% of the stock is currently owned by corporate insiders.

Expedia Group Stock Performance

Expedia Group stock opened at $321.07 on Wednesday. Expedia Group, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $331.31. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $39.34 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 0.77 and a beta of 1.22. The firm’s fifty day moving average price is $264.45 and its 200-day moving average price is $244.84.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.22 by $0.54. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.24 earnings per share. On average, equities research analysts expect that Expedia Group, Inc. will post 17.18 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 27th. Expedia Group’s dividend payout ratio is presently 11.97%.

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.