Schonfeld Strategic Advisors LLC Trims Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Schonfeld Strategic Advisors LLC lowered its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 47.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,204 shares of the online travel company’s stock after selling 1,096 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Expedia Group were worth $224,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EXPE. Harbor Capital Advisors Inc. boosted its position in shares of Expedia Group by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,251 shares of the online travel company’s stock worth $978,000 after buying an additional 130 shares during the period. Czech National Bank lifted its stake in Expedia Group by 5.0% during the 4th quarter. Czech National Bank now owns 26,664 shares of the online travel company’s stock worth $4,968,000 after acquiring an additional 1,271 shares in the last quarter. Fiduciary Alliance LLC purchased a new position in Expedia Group during the 4th quarter valued at about $450,000. Miracle Mile Advisors LLC acquired a new position in Expedia Group in the 4th quarter valued at about $457,000. Finally, Pallas Capital Advisors LLC increased its stake in Expedia Group by 5.5% during the fourth quarter. Pallas Capital Advisors LLC now owns 4,134 shares of the online travel company’s stock worth $770,000 after purchasing an additional 216 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total value of $1,028,500.00. Following the transaction, the insider now owns 74,502 shares of the company’s stock, valued at approximately $15,325,061.40. The trade was a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.80% of the stock is currently owned by company insiders.

Expedia Group Stock Up 1.3%

Shares of NASDAQ EXPE opened at $169.37 on Wednesday. The business has a 50-day moving average price of $160.92 and a 200 day moving average price of $175.87. The stock has a market cap of $21.82 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a 52-week low of $107.25 and a 52-week high of $207.73.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. Expedia Group’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. Equities research analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group’s payout ratio is currently 18.87%.

Wall Street Analyst Weigh In

Several research firms have recently commented on EXPE. StockNews.com lowered shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 5th. Susquehanna reduced their target price on shares of Expedia Group from $205.00 to $175.00 and set a “neutral” rating on the stock in a report on Monday. Piper Sandler downgraded shares of Expedia Group from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $174.00 to $135.00 in a research note on Friday, May 9th. Wedbush reaffirmed a “neutral” rating and set a $165.00 price objective (down previously from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $210.00 target price (up from $180.00) on shares of Expedia Group in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.88.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.