Quantum Capital Management grew its stake in Expedia Group Inc (NASDAQ:EXPE) by 880.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,924 shares of the online travel company’s stock after acquiring an additional 19,688 shares during the quarter. Expedia Group comprises about 1.0% of Quantum Capital Management’s portfolio, making the stock its 28th biggest position. Quantum Capital Management’s holdings in Expedia Group were worth $2,635,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in EXPE. FDx Advisors Inc. acquired a new stake in Expedia Group during the 1st quarter worth about $225,000. Wells Fargo & Company MN increased its stake in Expedia Group by 22.1% during the 1st quarter. Wells Fargo & Company MN now owns 638,012 shares of the online travel company’s stock worth $70,443,000 after buying an additional 115,536 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Expedia Group by 6.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 11,319 shares of the online travel company’s stock valued at $1,281,000 after purchasing an additional 689 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Expedia Group by 25.9% in the first quarter. Victory Capital Management Inc. now owns 157,885 shares of the online travel company’s stock valued at $17,433,000 after purchasing an additional 32,516 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Expedia Group by 71.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 4,838 shares of the online travel company’s stock valued at $534,000 after purchasing an additional 2,018 shares in the last quarter. Hedge funds and other institutional investors own 79.46% of the company’s stock.
In related news, Director Susan C. Athey sold 1,547 shares of the business’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $133.99, for a total transaction of $207,282.53. Following the transaction, the director now directly owns 1,974 shares in the company, valued at approximately $264,496.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Craig A. Jacobson sold 3,500 shares of the business’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $133.48, for a total value of $467,180.00. Following the transaction, the director now owns 31,764 shares in the company, valued at $4,239,858.72. The disclosure for this sale can be found here. Insiders have sold a total of 8,316 shares of company stock valued at $1,125,813 over the last three months. 20.96% of the stock is owned by corporate insiders.
NASDAQ:EXPE traded down $0.52 during mid-day trading on Tuesday, reaching $128.53. The stock had a trading volume of 9,469 shares, compared to its average volume of 1,361,888. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.67. The company has a market cap of $19.27 billion, a P/E ratio of 34.70, a PEG ratio of 1.81 and a beta of 1.37. Expedia Group Inc has a twelve month low of $98.52 and a twelve month high of $154.24.
Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, July 26th. The online travel company reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.83. Expedia Group had a net margin of 2.54% and a return on equity of 9.48%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter last year, the firm earned $0.89 earnings per share. The firm’s revenue was up 11.4% compared to the same quarter last year. analysts expect that Expedia Group Inc will post 4.42 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Investors of record on Thursday, August 23rd will be given a dividend of $0.32 per share. This is an increase from Expedia Group’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Wednesday, August 22nd. Expedia Group’s payout ratio is currently 34.41%.
EXPE has been the topic of a number of research reports. Guggenheim restated a “buy” rating and set a $160.00 price target on shares of Expedia Group in a research note on Friday, July 27th. Citigroup increased their target price on Expedia Group from $140.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 30th. DA Davidson set a $160.00 target price on Expedia Group and gave the company a “buy” rating in a report on Friday, July 27th. Wedbush raised their price objective on Expedia Group from $117.00 to $133.00 and gave the stock a “hold” rating in a report on Friday, July 27th. Finally, Stifel Nicolaus raised their price objective on Expedia Group from $122.00 to $136.00 and gave the stock a “hold” rating in a report on Friday, July 27th. Twelve equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Expedia Group has an average rating of “Buy” and a consensus target price of $149.47.
About Expedia Group
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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