Westpac Banking Corp Sells 8,681 Shares of Expedia Group, Inc. $EXPE

Westpac Banking Corp trimmed its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 44.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,701 shares of the online travel company’s stock after selling 8,681 shares during the period. Westpac Banking Corp’s holdings in Expedia Group were worth $2,287,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EXPE. Bessemer Group Inc. increased its stake in Expedia Group by 0.8% in the third quarter. Bessemer Group Inc. now owns 6,201 shares of the online travel company’s stock valued at $1,325,000 after purchasing an additional 52 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Expedia Group by 4.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,346 shares of the online travel company’s stock valued at $227,000 after buying an additional 55 shares in the last quarter. Blue Trust Inc. raised its stake in Expedia Group by 8.0% during the 3rd quarter. Blue Trust Inc. now owns 745 shares of the online travel company’s stock worth $159,000 after buying an additional 55 shares during the period. Millington Financial Advisors LLC lifted its holdings in Expedia Group by 0.4% during the third quarter. Millington Financial Advisors LLC now owns 13,308 shares of the online travel company’s stock worth $2,870,000 after acquiring an additional 55 shares in the last quarter. Finally, Westside Investment Management Inc. grew its stake in Expedia Group by 43.2% in the third quarter. Westside Investment Management Inc. now owns 189 shares of the online travel company’s stock valued at $41,000 after acquiring an additional 57 shares during the period. 90.76% of the stock is owned by institutional investors.

Expedia Group Price Performance

Expedia Group stock opened at $203.74 on Thursday. The stock has a 50-day moving average price of $261.48 and a two-hundred day moving average price of $241.36. Expedia Group, Inc. has a 12 month low of $130.01 and a 12 month high of $303.80. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $24.97 billion, a PE ratio of 20.68, a P/E/G ratio of 0.61 and a beta of 1.41.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.46. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.41 billion. During the same quarter last year, the business earned $2.39 EPS. The company’s revenue was up 11.4% compared to the same quarter last year. Analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors 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 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 is presently 16.24%.

Insider Transactions at Expedia Group

In related news, Director Madhumita Moina Banerjee sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $258.00, for a total transaction of $258,000.00. Following the completion of the sale, the director owned 2,916 shares in the company, valued at approximately $752,328. This trade represents a 25.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 9.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. HSBC lifted their price target on Expedia Group from $365.00 to $387.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Cantor Fitzgerald set a $245.00 price objective on Expedia Group in a research note on Friday, February 13th. Barclays increased their target price on Expedia Group from $245.00 to $260.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. 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. Finally, Sanford C. Bernstein boosted their target price on shares of Expedia Group from $210.00 to $256.00 and gave the company a “market perform” rating in a research report on Tuesday, January 6th. Thirteen equities research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $282.55.

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.