Clearbridge Investments LLC Sells 40,724 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Clearbridge Investments LLC lessened its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 512,981 shares of the online travel company's stock after selling 40,724 shares during the period. Clearbridge Investments LLC owned about 0.40% of Expedia Group worth $95,584,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EXPE. Brandywine Global Investment Management LLC boosted its position in shares of Expedia Group by 5.4% in the fourth quarter. Brandywine Global Investment Management LLC now owns 176,023 shares of the online travel company's stock valued at $32,798,000 after acquiring an additional 9,052 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Expedia Group by 6.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,360,374 shares of the online travel company's stock valued at $439,808,000 after purchasing an additional 150,480 shares during the period. Allianz SE purchased a new position in shares of Expedia Group during the 4th quarter valued at $997,000. Allstate Corp bought a new position in shares of Expedia Group in the fourth quarter worth $687,000. Finally, Maridea Wealth Management LLC purchased a new stake in shares of Expedia Group in the fourth quarter worth $346,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Stock Down 6.9 %

EXPE traded down $10.51 during trading on Friday, reaching $141.86. The stock had a trading volume of 4,648,075 shares, compared to its average volume of 1,955,269. Expedia Group, Inc. has a one year low of $107.25 and a one year high of $207.73. The company has a market capitalization of $18.28 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 0.92 and a beta of 1.83. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The stock's 50 day moving average is $180.61 and its two-hundred day moving average is $174.78.

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Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. As a group, analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, March 6th. This is a positive change from Expedia Group's previous quarterly dividend of $0.34. Expedia Group's dividend payout ratio (DPR) is 17.68%.

Analysts Set New Price Targets

EXPE has been the subject of several recent analyst reports. B. Riley restated a "buy" rating and set a $235.00 target price (up from $220.00) on shares of Expedia Group in a research report on Friday, February 7th. Truist Financial boosted their price objective on Expedia Group from $163.00 to $175.00 and gave the stock a "hold" rating in a report on Wednesday, March 12th. Oppenheimer dropped their target price on shares of Expedia Group from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. Melius Research raised shares of Expedia Group from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Finally, Susquehanna lifted their price objective on shares of Expedia Group from $190.00 to $205.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Nineteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $193.43.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the business's stock in a transaction dated 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 completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total transaction of $1,697,900.00. Following the sale, the director now owns 158,505 shares of the company's stock, valued at approximately $26,912,563.95. This represents a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

Expedia Group Profile

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.