North Dakota State Investment Board lowered its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 18.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,033 shares of the online travel company’s stock after selling 3,000 shares during the quarter. North Dakota State Investment Board’s holdings in Expedia Group were worth $3,432,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. VestGen Advisors LLC lifted its stake in shares of Expedia Group by 58.4% in the third quarter. VestGen Advisors LLC now owns 1,383 shares of the online travel company’s stock worth $364,000 after buying an additional 510 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in Expedia Group by 2.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 52,919 shares of the online travel company’s stock valued at $13,937,000 after buying an additional 1,245 shares during the last quarter. Latitude Advisors LLC acquired a new position in Expedia Group in the 3rd quarter valued at $82,000. Roman Butler Fullerton & Co. grew its stake in Expedia Group by 7.5% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 3,369 shares of the online travel company’s stock valued at $983,000 after buying an additional 236 shares during the last quarter. Finally, SYM FINANCIAL Corp raised its holdings in Expedia Group by 18.8% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,838 shares of the online travel company’s stock worth $484,000 after acquiring an additional 291 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.
Insider Activity
In related news, CAO Lance Soliday sold 2,810 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total value of $909,456.50. Following the sale, the chief accounting officer owned 12,006 shares of the company’s stock, valued at $3,885,741.90. The trade was a 18.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Craig Jacobson sold 3,133 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the completion of the transaction, the director directly owned 29,832 shares of the company’s stock, valued at $9,800,408.64. This trade represents a 9.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 11,950 shares of company stock worth $3,881,995. Corporate insiders own 5.20% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have weighed in on EXPE shares. Argus boosted their target price on shares of Expedia Group from $270.00 to $315.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Susquehanna upped their price target on shares of Expedia Group from $250.00 to $315.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Weiss Ratings raised Expedia Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 21st. Rosenblatt Securities started coverage on Expedia Group in a research note on Tuesday, September 1st. They issued a “neutral” rating and a $360.00 price objective on the stock. Finally, Wells Fargo & Company cut their price objective on Expedia Group from $307.00 to $275.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 7th. Eighteen research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Expedia Group currently has a consensus rating of “Hold” and a consensus price target of $316.37.
Get Our Latest Analysis on EXPE
Expedia Group Stock Performance
Shares of NASDAQ EXPE opened at $275.53 on Thursday. The firm has a market capitalization of $33.07 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 0.70 and a beta of 1.36. Expedia Group, Inc. has a one year low of $185.34 and a one year high of $342.00. The business has a fifty day simple moving average of $287.81 and a 200 day simple moving average of $259.62. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21.
Expedia Group (NASDAQ:EXPE – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, topping analysts’ consensus estimates of $5.22 by $0.54. The firm had revenue of $4.32 billion for 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%. During the same quarter in the previous year, the company earned $4.24 earnings per share. The business’s revenue was up 14.0% compared to the same quarter last year. Sell-side analysts expect that Expedia Group, Inc. will post 17.35 EPS for the current year.
Expedia Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, August 27th. Expedia Group’s payout ratio is 11.97%.
Expedia Group Profile
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.
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