Expedia Group, Inc. (NASDAQ:EXPE – Get Free Report) CAO Lance Soliday sold 2,810 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total transaction of $909,456.50. Following the completion of the transaction, the chief accounting officer owned 12,006 shares in the company, valued at approximately $3,885,741.90. The trade was a 18.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Expedia Group Stock Down 0.6%
EXPE stock traded down $2.10 during trading on Thursday, hitting $324.17. 927,054 shares of the stock traded hands, compared to its average volume of 2,039,088. The stock has a market cap of $38.91 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 0.79 and a beta of 1.22. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. Expedia Group, Inc. has a 1 year low of $185.34 and a 1 year high of $335.00. The firm’s 50 day moving average is $276.35 and its two-hundred day moving average is $247.15.
Expedia Group (NASDAQ:EXPE – Get Free Report) last issued its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.22 by $0.54. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company earned $4.24 earnings per share. On average, sell-side analysts anticipate that Expedia Group, Inc. will post 17.15 EPS for the current year.
Expedia Group Dividend Announcement
Institutional Investors Weigh In On Expedia Group
A number of hedge funds have recently modified their holdings of EXPE. Corient Private Wealth LLC lifted its holdings in Expedia Group by 17.8% during the fourth quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company’s stock valued at $17,344,000 after purchasing an additional 9,256 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Expedia Group in the second quarter worth $2,562,000. Lombard Odier Asset Management Switzerland SA purchased a new stake in shares of Expedia Group in the first quarter worth $910,000. North Dakota State Investment Board bought a new stake in shares of Expedia Group during the 4th quarter valued at $3,027,000. Finally, Lmcg Investments LLC lifted its stake in shares of Expedia Group by 276.0% during the 4th quarter. Lmcg Investments LLC now owns 9,655 shares of the online travel company’s stock valued at $2,735,000 after buying an additional 7,087 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have commented on the company. TD Cowen increased their target price on Expedia Group from $285.00 to $320.00 and gave the company a “hold” rating in a research note on Friday, August 7th. B. Riley Financial boosted their price target on Expedia Group from $350.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. DA Davidson lowered their price target on Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Royal Bank Of Canada increased their price objective on Expedia Group from $290.00 to $330.00 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. Finally, Jefferies Financial Group lifted their price objective on Expedia Group from $300.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Seventeen equities research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $314.27.
Expedia Group Company Profile
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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