Cetera Investment Advisers Sells 200 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Cetera Investment Advisers cut its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,710 shares of the online travel company’s stock after selling 200 shares during the period. Cetera Investment Advisers’ holdings in Expedia Group were worth $4,232,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SRH Advisors LLC bought a new position in Expedia Group during the fourth quarter worth about $28,000. Sava Infond d.o.o. bought a new position in Expedia Group during the fourth quarter worth about $28,000. Grove Bank & Trust lifted its holdings in Expedia Group by 676.2% during the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after acquiring an additional 142 shares in the last quarter. Prudent Man Investment Management Inc. bought a new position in Expedia Group during the fourth quarter worth about $34,000. Finally, Optiver Holding B.V. bought a new position in Expedia Group during the fourth quarter worth about $38,000. 90.76% of the stock is currently owned by institutional investors.

Insider Transactions 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 transaction of $1,028,500.00. Following the completion of the sale, the insider now owns 74,502 shares in the company, valued at $15,325,061.40. The trade was a 6.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on EXPE. Morgan Stanley reduced their target price on Expedia Group from $190.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Barclays boosted their price target on Expedia Group from $187.00 to $190.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. Oppenheimer cut their price target on Expedia Group from $230.00 to $210.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. JMP Securities restated a “market perform” rating on shares of Expedia Group in a report on Friday, February 7th. Finally, The Goldman Sachs Group cut their price target on Expedia Group from $219.00 to $183.00 and set a “buy” rating on the stock in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Expedia Group presently has an average rating of “Moderate Buy” and an average target price of $187.88.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $169.22 on Thursday. The business’s 50 day moving average price is $160.62 and its two-hundred day moving average price is $175.82. The company has a market cap of $21.81 billion, a PE ratio of 18.70, 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 twelve month low of $107.25 and a twelve month high of $207.73.

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

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, May 29th. Expedia Group’s dividend payout ratio is presently 18.87%.

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.