WealthCare Asset Management LLC Sells 3,341 Shares of Expedia Group, Inc. $EXPE

WealthCare Asset Management LLC reduced its position in shares of Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 38.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,451 shares of the online travel company’s stock after selling 3,341 shares during the quarter. Expedia Group accounts for 1.2% of WealthCare Asset Management LLC’s holdings, making the stock its 23rd largest holding. WealthCare Asset Management LLC’s holdings in Expedia Group were worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Valley National Advisers Inc. boosted its holdings in shares of Expedia Group by 900.0% during the third quarter. Valley National Advisers Inc. now owns 100 shares of the online travel company’s stock worth $26,000 after purchasing an additional 90 shares during the last quarter. First Bancorp Inc ME acquired a new position in Expedia Group in the second quarter valued at $28,000. Elevation Wealth Partners LLC increased its stake in Expedia Group by 272.9% in the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock valued at $46,000 after purchasing an additional 131 shares during the last quarter. Sound Income Strategies LLC increased its stake in Expedia Group by 1,618.8% in the first quarter. Sound Income Strategies LLC now owns 275 shares of the online travel company’s stock valued at $63,000 after purchasing an additional 259 shares during the last quarter. Finally, Wilkerson Advisory Group LLC lifted its position in Expedia Group by 53.6% during the first quarter. Wilkerson Advisory Group LLC now owns 464 shares of the online travel company’s stock worth $107,000 after buying an additional 162 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Stock Performance

NASDAQ EXPE opened at $283.97 on Tuesday. The firm has a market capitalization of $34.08 billion, a P/E ratio of 17.70, a P/E/G ratio of 0.70 and a beta of 1.36. Expedia Group, Inc. has a 1-year low of $185.34 and a 1-year high of $342.00. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. The business’s 50-day simple moving average is $290.51 and its 200-day simple moving average is $259.92.

Expedia Group (NASDAQ:EXPE – Get Free Report) last posted its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.22 by $0.54. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The company’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.24 EPS. Equities analysts predict that Expedia Group, Inc. will post 17.35 EPS for the current year.

Expedia Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th were given a $0.48 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. Expedia Group’s dividend payout ratio is presently 11.97%.

Insider Transactions at Expedia Group

In related news, Director Craig A. Jacobson sold 3,133 shares of Expedia Group stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the transaction, the director owned 29,832 shares in the company, valued at approximately $9,800,408.64. The trade was a 9.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert J. Dzielak sold 1,004 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $335.00, for a total transaction of $336,340.00. Following the sale, the insider directly owned 104,331 shares of the company’s stock, valued at approximately $34,950,885. This trade represents a 0.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,950 shares of company stock valued at $3,881,995 over the last 90 days. Corporate insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on EXPE shares. BMO Capital Markets reiterated a “market perform” rating and set a $285.00 price objective on shares of Expedia Group in a report on Friday, August 7th. The Goldman Sachs Group set a $370.00 target price on shares of Expedia Group in a report on Thursday, August 6th. Royal Bank Of Canada upped their price target on shares of Expedia Group from $290.00 to $330.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. BTIG Research reaffirmed a “buy” rating and set a $400.00 price target on shares of Expedia Group in a research note on Tuesday, October 6th. Finally, Cantor Fitzgerald lifted their price target on shares of Expedia Group from $255.00 to $310.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Eighteen equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $316.37.

Check Out Our Latest Research Report on EXPE

Expedia Group Profile

(Free Report)

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group’s consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.

Further Reading

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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