Intech Investment Management LLC Sells 58,453 Shares of Expedia Group, Inc. $EXPE

Intech Investment Management LLC trimmed its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 84.8% during the third quarter, Holdings Channel.com reports. The fund owned 10,452 shares of the online travel company’s stock after selling 58,453 shares during the quarter. Intech Investment Management LLC’s holdings in Expedia Group were worth $2,234,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of EXPE. Norges Bank acquired a new position in shares of Expedia Group during the 2nd quarter worth approximately $663,882,000. AQR Capital Management LLC boosted its stake in shares of Expedia Group by 102.0% in the second quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock valued at $492,152,000 after buying an additional 1,473,386 shares during the period. LSV Asset Management grew its position in Expedia Group by 497.0% during the second quarter. LSV Asset Management now owns 871,837 shares of the online travel company’s stock worth $147,061,000 after buying an additional 725,797 shares in the last quarter. Meridiem Capital Partners LP bought a new position in Expedia Group during the 2nd quarter worth $26,131,000. Finally, Natixis increased its stake in Expedia Group by 1,175.3% during the 2nd quarter. Natixis now owns 166,372 shares of the online travel company’s stock worth $28,064,000 after acquiring an additional 153,326 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on EXPE. Mizuho cut their target price on Expedia Group from $270.00 to $245.00 and set a “neutral” rating for the company in a research report on Tuesday. Truist Financial boosted their price target on Expedia Group from $210.00 to $252.00 and gave the company a “hold” rating in a research note on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft set a $244.00 price objective on shares of Expedia Group in a research report on Friday, February 13th. Bank of America raised their target price on shares of Expedia Group from $303.00 to $306.00 and gave the company a “buy” rating in a report on Friday, February 13th. Finally, BNP Paribas Exane began coverage on shares of Expedia Group in a report on Monday, November 24th. They set a “hold” rating for the company. Thirteen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $281.74.

Expedia Group Stock Up 0.9%

Shares of NASDAQ EXPE opened at $215.14 on Wednesday. The company has a market cap of $26.36 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 0.66 and a beta of 1.41. 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 stock has a 50-day moving average price of $255.67 and a two-hundred day moving average price of $241.95.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.46. The company had revenue of $3.55 billion for 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 firm’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.39 EPS. As a group, analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.9%. This is a boost from Expedia Group’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, March 5th. Expedia Group’s dividend payout ratio (DPR) is currently 16.24%.

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.