Brown Advisory Inc. Trims Stake in Expedia Group, Inc. $EXPE

Brown Advisory Inc. cut its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 23.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,545 shares of the online travel company’s stock after selling 9,522 shares during the period. Brown Advisory Inc.’s holdings in Expedia Group were worth $5,152,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of EXPE. Spire Wealth Management increased its stake in shares of Expedia Group by 114.3% in the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock worth $25,000 after purchasing an additional 80 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in Expedia Group during the first quarter valued at about $28,000. GFG Capital LLC purchased a new stake in Expedia Group in the second quarter worth about $29,000. Trust Co. of Toledo NA OH bought a new position in shares of Expedia Group in the second quarter worth about $31,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Expedia Group in the first quarter worth about $36,000. Institutional investors own 90.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Royal Bank Of Canada boosted their price objective on Expedia Group from $200.00 to $260.00 and gave the company a “sector perform” rating in a research note on Friday, November 7th. Evercore ISI upped their price target on shares of Expedia Group from $280.00 to $350.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Wall Street Zen raised shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th. JPMorgan Chase & Co. lifted their target price on shares of Expedia Group from $225.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Finally, BTIG Research increased their price target on Expedia Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and twenty-five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $265.31.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 849 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $248.08, for a total value of $210,619.92. Following the sale, the chief accounting officer owned 11,662 shares in the company, valued at approximately $2,893,108.96. The trade was a 6.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $271.55, for a total transaction of $814,650.00. Following the sale, the director directly owned 30,858 shares in the company, valued at approximately $8,379,489.90. The trade was a 8.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 4,849 shares of company stock valued at $1,283,270. 9.13% of the stock is owned by corporate insiders.

Expedia Group Stock Up 0.4%

Shares of EXPE stock opened at $264.41 on Tuesday. The company’s fifty day simple moving average is $235.22 and its two-hundred day simple moving average is $206.43. Expedia Group, Inc. has a 52 week low of $130.01 and a 52 week high of $279.61. The stock has a market cap of $32.40 billion, a P/E ratio of 25.30, a PEG ratio of 1.19 and a beta of 1.44. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.72.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, November 6th. The online travel company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $7.10 by $0.47. The firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.28 billion. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $6.13 earnings per share. Analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $1.60 dividend on an annualized basis and a yield of 0.6%. Expedia Group’s payout ratio is presently 15.31%.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.