Rice Hall James & Associates LLC decreased its position in shares of Expedia Group Inc (NASDAQ:EXPE) by 15.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,719 shares of the online travel company’s stock after selling 2,005 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Expedia Group were worth $1,426,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in Expedia Group by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 1,558,162 shares of the online travel company’s stock valued at $175,222,000 after purchasing an additional 104,159 shares during the last quarter. Raymond James Trust N.A. acquired a new position in Expedia Group in the first quarter valued at about $262,000. BTIM Corp. grew its stake in Expedia Group by 16.0% in the first quarter. BTIM Corp. now owns 30,795 shares of the online travel company’s stock valued at $3,664,000 after acquiring an additional 4,250 shares during the period. Tributary Capital Management LLC acquired a new position in Expedia Group in the first quarter valued at about $1,083,000. Finally, Nisa Investment Advisors LLC grew its stake in Expedia Group by 3.7% in the first quarter. Nisa Investment Advisors LLC now owns 43,685 shares of the online travel company’s stock valued at $5,199,000 after acquiring an additional 1,567 shares during the period. 80.73% of the stock is currently owned by institutional investors.
EXPE has been the subject of a number of research analyst reports. Citigroup set a $140.00 target price on Expedia Group and gave the company a “hold” rating in a research note on Friday, July 26th. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $141.00 price objective (down from $170.00) on shares of Expedia Group in a research report on Monday, May 6th. Royal Bank of Canada upped their price objective on Expedia Group to $177.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Standpoint Research assumed coverage on Expedia Group in a research report on Tuesday, July 16th. They set a “buy” rating and a $180.00 price objective for the company. Finally, Piper Jaffray Companies reduced their price objective on Expedia Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $152.43.
In related news, Director Susan C. Athey sold 2,425 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $134.59, for a total transaction of $326,380.75. Following the sale, the director now owns 1,462 shares of the company’s stock, valued at $196,770.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Craig A. Jacobson sold 3,300 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $130.53, for a total value of $430,749.00. Following the sale, the director now directly owns 30,480 shares in the company, valued at approximately $3,978,554.40. The disclosure for this sale can be found here. Corporate insiders own 20.96% of the company’s stock.
NASDAQ:EXPE traded up $1.31 on Friday, hitting $128.11. The company’s stock had a trading volume of 24,056 shares, compared to its average volume of 2,229,781. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.71. The stock has a fifty day moving average of $133.09 and a two-hundred day moving average of $125.87. The firm has a market capitalization of $19.32 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. Expedia Group Inc has a one year low of $108.11 and a one year high of $144.00.
Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, July 25th. The online travel company reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.07. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 earnings per share. As a group, sell-side analysts anticipate that Expedia Group Inc will post 5.76 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 22nd will be given a dividend of $0.34 per share. The ex-dividend date is Wednesday, August 21st. This represents a $1.36 dividend on an annualized basis and a yield of 1.06%. This is an increase from Expedia Group’s previous quarterly dividend of $0.32. Expedia Group’s dividend payout ratio is currently 26.61%.
Expedia Group Company Profile
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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