WINTON GROUP Ltd boosted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 456.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 21,527 shares of the online travel company’s stock after acquiring an additional 17,660 shares during the period. WINTON GROUP Ltd’s holdings in Expedia Group were worth $5,508,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. California State Teachers Retirement System boosted its position in shares of Expedia Group by 23,808.5% in the 2nd quarter. California State Teachers Retirement System now owns 46,547,643 shares of the online travel company’s stock worth $11,910,611,000 after purchasing an additional 46,352,952 shares during the last quarter. Norges Bank bought a new position in Expedia Group during the fourth quarter worth about $861,979,000. Wellington Management Group LLP grew its position in shares of Expedia Group by 24,899.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock worth $386,560,000 after buying an additional 1,801,232 shares during the period. AQR Capital Management LLC increased its stake in shares of Expedia Group by 25.0% in the 3rd quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock valued at $779,275,000 after acquiring an additional 728,063 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Expedia Group in the 2nd quarter valued at about $166,203,000. Institutional investors own 90.76% of the company’s stock.
Insider Transactions at Expedia Group
In other news, insider Robert Dzielak sold 1,004 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $335.00, for a total value of $336,340.00. Following the completion of the sale, the insider owned 104,331 shares of the company’s stock, valued at approximately $34,950,885. This represents a 0.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Lance Soliday sold 2,810 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were 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 directly owned 12,006 shares of the company’s stock, valued at $3,885,741.90. This represents a 18.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,950 shares of company stock worth $3,881,995 in the last 90 days. Corporate insiders own 5.20% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on EXPE
Expedia Group Price Performance
NASDAQ:EXPE opened at $276.88 on Friday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s 50-day simple moving average is $296.20 and its 200 day simple moving average is $256.34. The company has a market cap of $33.23 billion, a P/E ratio of 17.26, a P/E/G ratio of 0.67 and a beta of 1.25. Expedia Group, Inc. has a 52-week low of $185.34 and a 52-week high of $342.00.
Expedia Group (NASDAQ:EXPE – Get Free Report) last released 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. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.17 billion. During the same quarter in the prior year, the company posted $4.24 earnings per share. Expedia Group’s revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts forecast that Expedia Group, Inc. will post 17.15 EPS for the current fiscal year.
Expedia Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, August 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. Expedia Group’s dividend payout ratio is currently 11.97%.
Expedia Group Profile
Expedia Group, Inc is an online travel company that connects travelers with lodging, transportation, activities and other travel-related services. Its consumer brands include Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these platforms, customers can search for and book hotel stays, vacation rentals, flights, rental cars, cruises, vacation packages and activities.
The company also provides business-to-business travel technology and booking services through its partnerships with airlines, hotels, financial institutions, retailers and other organizations.
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