Golub Group LLC cut its stake in Expedia Group Inc (NASDAQ:EXPE) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 258,439 shares of the online travel company’s stock after selling 4,682 shares during the period. Expedia Group comprises about 2.7% of Golub Group LLC’s investment portfolio, making the stock its 17th largest position. Golub Group LLC owned 0.17% of Expedia Group worth $34,737,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. ETRADE Capital Management LLC grew its holdings in Expedia Group by 0.4% during the 2nd quarter. ETRADE Capital Management LLC now owns 19,933 shares of the online travel company’s stock worth $2,652,000 after acquiring an additional 79 shares in the last quarter. Crewe Advisors LLC boosted its holdings in shares of Expedia Group by 11.7% in the 2nd quarter. Crewe Advisors LLC now owns 775 shares of the online travel company’s stock valued at $103,000 after buying an additional 81 shares in the last quarter. Veritable L.P. boosted its holdings in shares of Expedia Group by 2.4% in the 2nd quarter. Veritable L.P. now owns 3,775 shares of the online travel company’s stock valued at $502,000 after buying an additional 88 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of Expedia Group by 16.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 651 shares of the online travel company’s stock valued at $88,000 after buying an additional 91 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Expedia Group by 27.6% in the 3rd quarter. Parallel Advisors LLC now owns 435 shares of the online travel company’s stock valued at $58,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 81.09% of the company’s stock.
A number of analysts have recently weighed in on the stock. BidaskClub cut shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. TheStreet upgraded shares of Expedia Group from a “c+” rating to an “a-” rating in a report on Thursday, July 25th. Bank of America cut shares of Expedia Group from a “buy” rating to a “neutral” rating in a report on Thursday. SunTrust Banks lowered their price target on shares of Expedia Group to $172.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Oppenheimer set a $160.00 price target on shares of Expedia Group and gave the company a “buy” rating in a report on Friday, July 26th. Nineteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $144.52.
Shares of Expedia Group stock traded up $3.03 during midday trading on Friday, hitting $101.32. The company had a trading volume of 10,007,700 shares, compared to its average volume of 1,732,978. Expedia Group Inc has a 12-month low of $97.05 and a 12-month high of $144.00. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.71. The company has a fifty day simple moving average of $133.97 and a 200 day simple moving average of $129.36. The stock has a market cap of $20.20 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.68 and a beta of 1.09.
Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Wednesday, November 6th. The online travel company reported $3.38 earnings per share 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 company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the company earned $3.65 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, analysts expect that Expedia Group Inc will post 5.72 EPS for the current year.
The business also recently declared 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. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.36 annualized dividend and a dividend yield of 1.34%. Expedia Group’s dividend payout ratio (DPR) is presently 28.27%.
In other Expedia Group news, Director Dara Khosrowshahi sold 50,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $132.69, for a total value of $6,634,500.00. Following the completion of the sale, the director now owns 477,677 shares in the company, valued at approximately $63,382,961.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Lance A. Soliday sold 2,724 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $127.93, for a total transaction of $348,481.32. Following the completion of the sale, 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. In the last 90 days, insiders have sold 111,946 shares of company stock valued at $14,878,704. Insiders own 2.10% of the company’s stock.
Expedia Group 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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