The Manufacturers Life Insurance Company Sells 947,678 Shares of Expedia Group, Inc. $EXPE

The Manufacturers Life Insurance Company lessened its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 88.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,576 shares of the online travel company’s stock after selling 947,678 shares during the period. The Manufacturers Life Insurance Company’s holdings in Expedia Group were worth $27,378,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EXPE. Brighton Jones LLC purchased a new position in Expedia Group in the fourth quarter worth $408,000. NewEdge Advisors LLC grew its stake 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 valued at $917,000 after purchasing an additional 259 shares during the period. Sivia Capital Partners LLC bought a new position in Expedia Group in the 2nd quarter valued at $596,000. Daiwa Securities Group Inc. increased its position 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 valued at $3,587,000 after purchasing an additional 1,290 shares during the last quarter. Finally, AXA S.A. increased its position 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 valued at $1,863,000 after purchasing an additional 615 shares during the last quarter. 90.76% of the stock is owned by institutional investors.

Insider Transactions at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the 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 completion of the transaction, the chief accounting officer owned 14,083 shares in the company, valued at $3,124,454.38. This trade represents a 6.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 4,702 shares of Expedia Group stock in a transaction dated 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 completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. 5.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on EXPE shares. Wells Fargo & Company lowered their target price on Expedia Group from $307.00 to $303.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 30th. B. Riley Financial reduced their price target on shares of Expedia Group from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Piper Sandler raised their price objective on shares of Expedia Group from $225.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Citic Securities lowered their price objective on shares of Expedia Group from $337.00 to $320.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Expedia Group from $244.00 to $230.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Seventeen equities research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $290.76.

Expedia Group Stock Up 0.6%

Shares of NASDAQ EXPE opened at $294.74 on Friday. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $36.12 billion, a PE ratio of 25.95, a P/E/G ratio of 0.77 and a beta of 1.23. Expedia Group, Inc. has a one year low of $174.05 and a one year high of $312.40. The business’s fifty day moving average price is $252.25 and its 200-day moving average price is $243.89.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter last year, the firm posted $0.40 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities research analysts anticipate that Expedia Group, Inc. will post 17.04 EPS for the current year.

Expedia Group Dividend Announcement

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