USA Financial Portformulas Corp bought a new position in shares of Expedia Group Inc (NASDAQ:EXPE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,851 shares of the online travel company’s stock, valued at approximately $463,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of EXPE. Artisan Partners Limited Partnership increased its stake in Expedia Group by 324.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 5,445,867 shares of the online travel company’s stock worth $654,539,000 after purchasing an additional 4,163,557 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in Expedia Group during the 2nd quarter worth approximately $82,965,000. Morgan Stanley increased its stake in Expedia Group by 128.4% during the 2nd quarter. Morgan Stanley now owns 979,095 shares of the online travel company’s stock worth $117,678,000 after purchasing an additional 550,396 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its stake in Expedia Group by 211.2% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 337,077 shares of the online travel company’s stock worth $40,513,000 after purchasing an additional 228,762 shares in the last quarter. Finally, Dorsal Capital Management LLC increased its stake in Expedia Group by 50.0% during the 2nd quarter. Dorsal Capital Management LLC now owns 600,000 shares of the online travel company’s stock worth $72,114,000 after purchasing an additional 200,000 shares in the last quarter. 79.12% of the stock is owned by institutional investors and hedge funds.
In related news, Director Craig A. Jacobson sold 3,500 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $133.48, for a total value of $467,180.00. Following the completion of the transaction, the director now directly owns 31,764 shares of the company’s stock, valued at $4,239,858.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 20.96% of the stock is currently owned by company insiders.
Several equities analysts have recently weighed in on EXPE shares. Cowen set a $150.00 price target on shares of Expedia Group and gave the stock a “buy” rating in a research note on Thursday, July 19th. Piper Jaffray Companies raised their price target on shares of Expedia Group from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Raymond James raised shares of Expedia Group from a “market perform” rating to an “outperform” rating in a research note on Friday, July 27th. KeyCorp raised their price target on shares of Expedia Group from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Finally, Benchmark reaffirmed a “hold” rating on shares of Expedia Group in a research note on Friday, July 27th. Twelve analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Expedia Group currently has a consensus rating of “Buy” and an average price target of $147.67.
NASDAQ:EXPE opened at $126.51 on Friday. Expedia Group Inc has a 1-year low of $98.52 and a 1-year high of $139.77. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.74. The firm has a market capitalization of $18.76 billion, a P/E ratio of 34.01, a PEG ratio of 1.70 and a beta of 1.21.
Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, October 25th. The online travel company reported $3.65 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.53. Expedia Group had a net margin of 4.04% and a return on equity of 11.79%. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the business earned $2.51 earnings per share. As a group, sell-side analysts anticipate that Expedia Group Inc will post 4.5 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.01%. Expedia Group’s dividend payout ratio is presently 34.41%.
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, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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