Vest Financial LLC grew its holdings in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 37.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 321,005 shares of the online travel company’s stock after buying an additional 87,147 shares during the quarter. Expedia Group makes up 0.9% of Vest Financial LLC’s portfolio, making the stock its 20th largest position. Vest Financial LLC owned 0.27% of Expedia Group worth $84,540,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Independence Bank of Kentucky boosted its position in shares of Expedia Group by 0.6% in the 2nd quarter. Independence Bank of Kentucky now owns 5,270 shares of the online travel company’s stock worth $1,348,000 after purchasing an additional 32 shares during the last quarter. Investment Research Partners LLC grew its stake in Expedia Group by 1.7% in the third quarter. Investment Research Partners LLC now owns 2,205 shares of the online travel company’s stock valued at $581,000 after purchasing an additional 37 shares in the last quarter. Western Financial Corp CA raised its holdings in shares of Expedia Group by 0.9% in the 3rd quarter. Western Financial Corp CA now owns 4,389 shares of the online travel company’s stock valued at $1,156,000 after purchasing an additional 39 shares during the period. Legacy Wealth Asset Management LLC increased its holdings in shares of Expedia Group by 3.1% in the third quarter. Legacy Wealth Asset Management LLC now owns 1,535 shares of the online travel company’s stock valued at $404,000 after purchasing an additional 46 shares during the last quarter. Finally, Beacon Financial Advisory LLC increased its stake in shares of Expedia Group by 3.0% during the first quarter. Beacon Financial Advisory LLC now owns 1,628 shares of the online travel company’s stock worth $376,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.
Insider Activity at Expedia Group
In related news, insider Robert J. Dzielak sold 1,004 shares of the company’s 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 sale, the insider owned 104,331 shares in the company, valued at $34,950,885. This represents a 0.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 2,810 shares of Expedia Group stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total value 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 approximately $3,885,741.90. This represents a 18.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,950 shares of company stock worth $3,881,995 over the last ninety days. 5.20% of the stock is owned by corporate insiders.
Expedia Group Stock Performance
Expedia Group stock opened at $285.64 on Thursday. Expedia Group, Inc. has a 1-year low of $185.34 and a 1-year high of $342.00. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $34.28 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36. The firm’s 50 day simple moving average is $291.29 and its 200 day simple moving average is $266.05.
Expedia Group (NASDAQ:EXPE – Get Free Report) last announced 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 net margin of 12.97% and a return on equity of 87.32%. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.17 billion. During the same period in the previous year, the business earned $4.24 earnings per share. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. As a group, analysts expect that Expedia Group, Inc. will post 17.26 earnings per share for the current fiscal year.
Expedia Group Announces Dividend
The company also recently announced 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 currently 11.97%.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on EXPE shares. Wedbush raised their target price on shares of Expedia Group from $334.00 to $417.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. Melius Research set a $355.00 target price on Expedia Group in a research report on Tuesday. Rosenblatt Securities assumed coverage on shares of Expedia Group in a research report on Tuesday, September 1st. They set a “neutral” rating and a $360.00 price objective for the company. Wall Street Zen lowered Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 10th. Finally, Evercore set a $430.00 price target on Expedia Group in a research note on Monday, August 24th. Eighteen research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $316.37.
Read Our Latest Research Report on Expedia Group
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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