Meeder Asset Management Inc. Sells 5,768 Shares of Expedia Group, Inc. $EXPE

Meeder Asset Management Inc. lowered its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 66.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,972 shares of the online travel company’s stock after selling 5,768 shares during the period. Meeder Asset Management Inc.’s holdings in Expedia Group were worth $686,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC purchased a new position in Expedia Group in the fourth quarter valued at approximately $408,000. NewEdge Advisors LLC increased its position in Expedia Group by 5.0% in the first quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock worth $917,000 after buying an additional 259 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Expedia Group in the second quarter worth $596,000. Daiwa Securities Group Inc. raised its stake in shares of Expedia Group by 6.5% in the second quarter. Daiwa Securities Group Inc. now owns 21,265 shares of the online travel company’s stock valued at $3,587,000 after buying an additional 1,290 shares during the period. Finally, AXA S.A. raised its stake in shares of Expedia Group by 5.9% in the second quarter. AXA S.A. now owns 11,042 shares of the online travel company’s stock valued at $1,863,000 after buying an additional 615 shares during the period. Institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

EXPE has been the subject of several research reports. Wells Fargo & Company cut their price target on Expedia Group from $307.00 to $303.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 30th. Wedbush initiated coverage on shares of Expedia Group in a report on Thursday, July 16th. They set an “outperform” rating and a $334.00 price objective on the stock. Citic Securities cut their target price on shares of Expedia Group from $337.00 to $320.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Jefferies Financial Group lifted their target price on shares of Expedia Group from $300.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Dbs Bank raised shares of Expedia Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, May 11th. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $288.52.

Insider Activity

In related news, 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 in the company, valued at $24,569,384. The trade was a 4.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total value of $208,548.40. Following the completion of the sale, the chief accounting officer owned 14,083 shares of the company’s stock, valued at $3,124,454.38. The trade was a 6.26% 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

Shares of EXPE opened at $265.08 on Tuesday. Expedia Group, Inc. has a 12-month low of $174.05 and a 12-month high of $303.80. The company has a market cap of $32.48 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 0.71 and a beta of 1.23. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. The stock has a 50-day moving average price of $241.14 and a 200-day moving average price of $244.35.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 EPS. As a group, equities analysts forecast that Expedia Group, Inc. will post 16.98 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

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