River Road Asset Management LLC Sells 15,256 Shares of Expedia Group, Inc. $EXPE

River Road Asset Management LLC cut its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 32.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 31,054 shares of the online travel company’s stock after selling 15,256 shares during the quarter. River Road Asset Management LLC’s holdings in Expedia Group were worth $8,798,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of EXPE. Brighton Jones LLC acquired a new position in Expedia Group during the 4th quarter valued at $408,000. NewEdge Advisors LLC grew its position in Expedia Group by 5.0% in the 1st quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock worth $917,000 after purchasing an additional 259 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Expedia Group in the 2nd quarter worth $596,000. Daiwa Securities Group Inc. increased its holdings in shares of Expedia Group by 6.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 21,265 shares of the online travel company’s stock worth $3,587,000 after purchasing an additional 1,290 shares during the period. Finally, AXA S.A. increased its holdings in shares of Expedia Group by 5.9% during the 2nd quarter. AXA S.A. now owns 11,042 shares of the online travel company’s stock worth $1,863,000 after purchasing an additional 615 shares during the period. 90.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EXPE has been the subject of several research reports. Gordon Haskett reduced their target price 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. BTIG Research reaffirmed a “buy” rating and issued a $330.00 price target on shares of Expedia Group in a report on Tuesday, June 9th. Dbs Bank upgraded Expedia Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, May 11th. Jefferies Financial Group raised Expedia Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $240.00 to $300.00 in a report on Monday, March 30th. Finally, Piper Sandler boosted their price objective on Expedia Group from $225.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $284.42.

Insider Activity

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the sale, the chief accounting officer directly owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert J. Dzielak sold 4,702 shares of the firm’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 transaction of $1,095,566.00. Following the sale, the insider directly owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. The trade was a 4.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.20% of the company’s stock.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE opened at $240.90 on Friday. The business’s fifty day moving average price is $235.19 and its two-hundred day moving average price is $246.66. Expedia Group, Inc. has a fifty-two week low of $160.00 and a fifty-two week high of $303.80. The stock has a market capitalization of $29.52 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 0.63 and a beta of 1.25. 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 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 analysts’ expectations of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The business’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the business earned $0.40 earnings per share. As a group, analysts predict that Expedia Group, Inc. will post 17.07 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were given a dividend of $0.48 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. Expedia Group’s dividend payout ratio (DPR) is 16.90%.

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.