Dynamic Technology Lab Private Ltd purchased a new position in Expedia Group Inc (NASDAQ:EXPE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,873 shares of the online travel company’s stock, valued at approximately $1,419,000.
Several other institutional investors also recently bought and sold shares of the stock. First Republic Investment Management Inc. grew its stake in shares of Expedia Group by 21.0% in the 3rd quarter. First Republic Investment Management Inc. now owns 3,281 shares of the online travel company’s stock worth $428,000 after buying an additional 570 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Expedia Group by 1,515.8% in the 3rd quarter. Renaissance Technologies LLC now owns 1,264,388 shares of the online travel company’s stock worth $164,977,000 after buying an additional 1,186,138 shares during the last quarter. Fernwood Investment Management LLC purchased a new stake in shares of Expedia Group in the 3rd quarter worth approximately $215,000. Sowell Financial Services LLC purchased a new stake in shares of Expedia Group in the 3rd quarter worth approximately $298,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Expedia Group by 30.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,385 shares of the online travel company’s stock worth $4,500,000 after buying an additional 7,953 shares during the last quarter. Institutional investors own 79.97% of the company’s stock.
EXPE has been the topic of several recent research reports. TheStreet upgraded Expedia Group from a “c” rating to a “b” rating in a research note on Thursday, October 25th. Deutsche Bank cut their price target on Expedia Group from $147.00 to $146.00 and set a “buy” rating on the stock in a research note on Tuesday, October 23rd. Oppenheimer set a $155.00 price target on Expedia Group and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Cowen set a $135.00 price target on Expedia Group and gave the stock a “buy” rating in a research note on Monday, October 22nd. Finally, Zacks Investment Research upgraded Expedia Group from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a research note on Monday, October 22nd. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $145.27.
In other news, insider Lance A. Soliday sold 3,281 shares of the firm’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $119.28, for a total value of $391,357.68. Following the transaction, the insider now directly owns 7,674 shares in the company, valued at approximately $915,354.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 20.96% of the company’s stock.
EXPE stock opened at $118.24 on Friday. The firm has a market capitalization of $18.00 billion, a PE ratio of 27.30, a PEG ratio of 1.61 and a beta of 1.18. Expedia Group Inc has a 1 year low of $98.52 and a 1 year high of $139.77. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63.
Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, October 25th. The online travel company reported $3.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.12 by $0.53. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.29 billion. Expedia Group had a return on equity of 11.79% and a net margin of 4.04%. During the same period last year, the business posted $2.51 EPS. On average, equities research analysts expect that Expedia Group Inc will post 4.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th were paid a $0.32 dividend. The ex-dividend date was Wednesday, November 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.08%. Expedia Group’s dividend payout ratio (DPR) is currently 34.41%.
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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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