Gamco Investors INC. ET AL purchased a new position in Expedia Group Inc (NASDAQ:EXPE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,927 shares of the online travel company’s stock, valued at approximately $2,275,000.
A number of other hedge funds have also recently modified their holdings of the stock. Lenox Wealth Advisors LLC grew its stake in shares of Expedia Group by 113.3% in the third quarter. Lenox Wealth Advisors LLC now owns 192 shares of the online travel company’s stock worth $26,000 after acquiring an additional 102 shares during the last quarter. WealthStone Inc. purchased a new stake in shares of Expedia Group in the second quarter worth $27,000. FNY Investment Advisers LLC purchased a new stake in shares of Expedia Group in the second quarter worth $28,000. Signaturefd LLC grew its stake in shares of Expedia Group by 75.8% in the third quarter. Signaturefd LLC now owns 276 shares of the online travel company’s stock worth $37,000 after acquiring an additional 119 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Expedia Group in the second quarter worth $41,000. 81.09% of the stock is currently owned by institutional investors.
EXPE has been the topic of a number of recent research reports. Barclays reissued a “buy” rating and issued a $151.00 target price on shares of Expedia Group in a research note on Wednesday, October 16th. Piper Jaffray Companies cut Expedia Group from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $160.00 to $124.00 in a research note on Thursday. Wells Fargo & Co cut Expedia Group from an “outperform” rating to a “market perform” rating in a research note on Thursday. Oppenheimer set a $160.00 target price on Expedia Group and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada lowered their price target on Expedia Group to $142.00 and set an “average” rating on the stock in a report on Thursday. Nineteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $144.52.
EXPE stock traded up $3.03 during trading on Friday, reaching $101.32. The stock had a trading volume of 10,007,700 shares, compared to its average volume of 1,732,978. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.71. Expedia Group Inc has a 52 week low of $97.05 and a 52 week high of $144.00. The stock’s 50 day moving average is $133.97 and its two-hundred day moving average is $129.36. The firm has a market cap of $20.20 billion, a PE ratio of 21.06, a PEG ratio of 1.68 and a beta of 1.09.
Expedia Group (NASDAQ:EXPE) last released its earnings results on Wednesday, November 6th. The online travel company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.18). Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The business had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the prior year, the business posted $3.65 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, research analysts anticipate that Expedia Group Inc will post 5.72 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 19th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, November 18th. Expedia Group’s dividend payout ratio is currently 28.27%.
In other Expedia Group news, Director Dara Khosrowshahi sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $132.69, for a total transaction of $6,634,500.00. Following the completion of the transaction, the director now owns 477,677 shares in the company, valued at approximately $63,382,961.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lance A. Soliday sold 2,724 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $127.93, for a total value of $348,481.32. Following the transaction, the insider now owns 8,009 shares of the company’s stock, valued at approximately $1,024,591.37. The disclosure for this sale can be found here. Insiders have sold 111,946 shares of company stock valued at $14,878,704 in the last quarter. 2.10% of the stock is currently owned by company insiders.
Expedia Group Company Profile
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, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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