Corebridge Financial Inc. Has $7.22 Million Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

Corebridge Financial Inc. cut its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,719 shares of the online travel company’s stock after selling 696 shares during the quarter. Corebridge Financial Inc.’s holdings in Expedia Group were worth $7,215,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Windacre Partnership LLC increased its position in Expedia Group by 49.5% during the third quarter. Windacre Partnership LLC now owns 4,323,700 shares of the online travel company’s stock worth $639,994,000 after acquiring an additional 1,431,500 shares during the period. Geode Capital Management LLC grew its position in Expedia Group by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,197,927 shares of the online travel company’s stock worth $472,212,000 after purchasing an additional 20,005 shares during the last quarter. Alkeon Capital Management LLC increased its holdings in shares of Expedia Group by 46.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,576,472 shares of the online travel company’s stock worth $233,349,000 after purchasing an additional 498,934 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Expedia Group by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 732,645 shares of the online travel company’s stock valued at $136,514,000 after buying an additional 10,332 shares during the last quarter. Finally, Amundi lifted its stake in shares of Expedia Group by 15.3% in the fourth quarter. Amundi now owns 433,534 shares of the online travel company’s stock valued at $79,172,000 after buying an additional 57,621 shares during the period. 90.76% of the stock is owned by institutional investors.

Expedia Group Stock Down 0.6 %

Shares of NASDAQ EXPE opened at $168.10 on Friday. 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 firm has a market capitalization of $21.66 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 0.92 and a beta of 1.83. The firm’s 50-day moving average is $182.46 and its 200-day moving average is $173.86. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data 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%. Equities analysts expect that Expedia Group, Inc. will post 12.28 EPS 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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Thursday, March 6th. This is an increase from Expedia Group’s previous quarterly dividend of $0.34. Expedia Group’s dividend payout ratio is currently 17.68%.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $169.79, for a total value of $1,697,900.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 5,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the sale, the insider now owns 74,502 shares in the company, valued at approximately $15,325,061.40. This trade represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,000 shares of company stock valued at $4,577,900. 6.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on EXPE. Citigroup upped their target price on shares of Expedia Group from $200.00 to $217.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $210.00 price objective (up from $180.00) on shares of Expedia Group in a research note on Friday, February 7th. BMO Capital Markets raised their target price on Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a research report on Monday, February 10th. UBS Group reiterated a “neutral” rating on shares of Expedia Group in a research report on Tuesday, February 4th. Finally, StockNews.com raised Expedia Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 15th. Nineteen analysts have rated the stock with a hold rating, eleven have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Expedia Group presently has a consensus rating of “Moderate Buy” and an average price target of $193.43.

Expedia Group Company 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.