Robert J. Dzielak Sells 3,306 Shares of Expedia Group, Inc. (NASDAQ:EXPE) Stock

Expedia Group, Inc. (NASDAQ:EXPE) insider Robert J. Dzielak sold 3,306 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $200.84, for a total value of $663,977.04. Following the completion of the sale, the insider directly owned 77,075 shares of the company’s stock, valued at approximately $15,479,743. This represents a 4.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Expedia Group Stock Up 0.1%

Shares of NASDAQ:EXPE opened at $207.44 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The business has a fifty day moving average of $179.94 and a two-hundred day moving average of $173.79. The stock has a market cap of $25.66 billion, a P/E ratio of 25.42, a PEG ratio of 1.03 and a beta of 1.61. Expedia Group, Inc. has a 52-week low of $126.46 and a 52-week high of $213.00.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, beating the consensus estimate of $4.13 by $0.11. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the prior year, the company posted $3.51 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, August 28th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 28th. Expedia Group’s payout ratio is currently 19.61%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EXPE shares. The Goldman Sachs Group lowered their price target on Expedia Group from $219.00 to $183.00 and set a “buy” rating for the company in a report on Friday, May 9th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Expedia Group in a report on Wednesday, July 23rd. Royal Bank Of Canada raised their price objective on Expedia Group from $180.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Friday, August 8th. BTIG Research set a $250.00 price objective on Expedia Group and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, Benchmark raised their price objective on Expedia Group from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $205.63.

Institutional Investors Weigh In On Expedia Group

Several institutional investors and hedge funds have recently modified their holdings of EXPE. Spire Wealth Management raised its holdings in shares of Expedia Group by 114.3% in the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock valued at $25,000 after buying an additional 80 shares during the period. Minot DeBlois Advisors LLC acquired a new position in shares of Expedia Group during the 4th quarter worth about $27,000. McClarren Financial Advisors Inc. acquired a new position in shares of Expedia Group during the 1st quarter worth about $28,000. Atlas Capital Advisors Inc. acquired a new position in shares of Expedia Group during the 1st quarter worth about $28,000. Finally, GFG Capital LLC acquired a new stake in shares of Expedia Group in the 2nd quarter valued at about $29,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

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.