General American Investors Co. Inc. reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 78.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,000 shares of the online travel company’s stock after selling 18,157 shares during the quarter. General American Investors Co. Inc.’s holdings in Expedia Group were worth $1,154,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPE. RHS Financial LLC boosted its stake in shares of Expedia Group by 4.0% in the 4th quarter. RHS Financial LLC now owns 1,030 shares of the online travel company’s stock valued at $292,000 after purchasing an additional 40 shares in the last quarter. Petredis Investment Advisors LLC increased its position in shares of Expedia Group by 3.2% during the 1st quarter. Petredis Investment Advisors LLC now owns 1,305 shares of the online travel company’s stock worth $301,000 after purchasing an additional 40 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Expedia Group by 8.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 567 shares of the online travel company’s stock valued at $161,000 after purchasing an additional 43 shares during the last quarter. Harbor Investment Advisory LLC lifted its holdings in Expedia Group by 16.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 319 shares of the online travel company’s stock valued at $90,000 after purchasing an additional 44 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its position in Expedia Group by 78.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after buying an additional 44 shares in the last quarter. 90.76% of the stock is owned by institutional investors.
Insider Transactions at Expedia Group
In other news, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $233.00, for a total value of $1,095,566.00. Following the transaction, the insider owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. This trade represents a 4.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 940 shares of Expedia Group stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the sale, the chief accounting officer owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their position. The SEC filing for this sale provides additional information. 5.20% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on EXPE
Expedia Group Price Performance
Shares of EXPE stock traded up $3.05 during trading hours on Friday, reaching $270.83. 1,026,013 shares of the company were exchanged, compared to its average volume of 1,539,861. Expedia Group, Inc. has a fifty-two week low of $174.05 and a fifty-two week high of $303.80. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. The stock’s fifty day moving average is $238.02 and its two-hundred day moving average is $245.48. The company has a market cap of $33.19 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 0.71 and a beta of 1.23.
Expedia Group (NASDAQ:EXPE – Get Free Report) last released its earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.41 by $0.55. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS. Sell-side analysts forecast that Expedia Group, Inc. will post 16.98 earnings per share for the current fiscal year.
Expedia Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, May 28th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, May 28th. Expedia Group’s dividend payout ratio (DPR) is presently 16.90%.
About Expedia Group
Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.
Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.
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