Maverick Capital Ltd. Sells 8,434 Shares of Expedia Group, Inc. $EXPE

Maverick Capital Ltd. trimmed its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 47.0% in the first quarter, HoldingsChannel reports. The firm owned 9,513 shares of the online travel company’s stock after selling 8,434 shares during the period. Maverick Capital Ltd.’s holdings in Expedia Group were worth $2,196,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXPE. Ardmore Road Asset Management LP acquired a new stake in shares of Expedia Group in the 1st quarter valued at about $17,317,000. OMERS ADMINISTRATION Corp raised its stake in Expedia Group by 45.5% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 8,060 shares of the online travel company’s stock worth $1,861,000 after buying an additional 2,519 shares during the period. Lombard Odier Asset Management Switzerland SA bought a new position in Expedia Group in the first quarter worth approximately $910,000. Waverly Advisors LLC boosted its holdings in Expedia Group by 0.9% in the first quarter. Waverly Advisors LLC now owns 53,184 shares of the online travel company’s stock worth $12,280,000 after acquiring an additional 452 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Expedia Group by 58.9% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,351 shares of the online travel company’s stock valued at $1,697,000 after acquiring an additional 2,726 shares during the period. 90.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 940 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were 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 in the company, valued at $3,124,454.38. This represents a 6.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the completion of the sale, the insider owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. This represents 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 insiders.

Expedia Group Stock Up 7.1%

EXPE stock opened at $278.37 on Tuesday. Expedia Group, Inc. has a twelve month low of $174.05 and a twelve month high of $303.80. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. The stock’s 50 day moving average is $245.80 and its 200-day moving average is $243.54. The firm has a market capitalization of $34.11 billion, a PE ratio of 24.50, a P/E/G ratio of 0.68 and a beta of 1.23.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Expedia Group’s quarterly revenue was up 14.7% on a year-over-year basis. Sell-side analysts expect that Expedia Group, Inc. will post 17.04 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company 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. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, May 28th. Expedia Group’s payout ratio is currently 16.90%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EXPE. Citic Securities decreased their price objective on Expedia Group from $337.00 to $320.00 and set a “buy” rating for the company in a report on Friday, May 15th. Truist Financial cut their target price on Expedia Group from $252.00 to $246.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Robert W. Baird lifted their price target on shares of Expedia Group from $290.00 to $294.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group boosted their price target on shares of Expedia Group from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, Dbs Bank upgraded shares of Expedia Group from a “hold” rating to a “moderate buy” rating in a report on Monday, May 11th. Seventeen equities research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $288.64.

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.