Dynamic Technology Lab Private Ltd bought a new position in Expedia Group Inc (NASDAQ:EXPE) during the third quarter, HoldingsChannel.com reports. The fund bought 10,873 shares of the online travel company’s stock, valued at approximately $1,419,000.
A number of other institutional investors also recently made changes to their positions in EXPE. Dupont Capital Management Corp raised its holdings in Expedia Group by 62.8% during the second quarter. Dupont Capital Management Corp now owns 1,410 shares of the online travel company’s stock valued at $169,000 after acquiring an additional 544 shares during the period. Buckley Wealth Management LLC bought a new stake in Expedia Group during the third quarter valued at about $203,000. Advisor Partners LLC bought a new stake in Expedia Group during the third quarter valued at about $203,000. Hilltop Holdings Inc. bought a new stake in Expedia Group during the second quarter valued at about $206,000. Finally, Acadian Asset Management LLC bought a new stake in Expedia Group during the third quarter valued at about $206,000. 79.97% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on the company. BidaskClub raised Expedia Group from a “sell” rating to a “hold” rating in a report on Friday, November 30th. Telsey Advisory Group assumed coverage on Expedia Group in a report on Wednesday, November 28th. They set a “market perform” rating and a $115.00 price target on the stock. They noted that the move was a valuation call. TheStreet cut Expedia Group from a “b” rating to a “c+” rating in a report on Wednesday, November 14th. Zacks Investment Research reissued a “buy” rating and set a $136.00 price target on shares of Expedia Group in a report on Tuesday, November 13th. Finally, Royal Bank of Canada raised their price target on Expedia Group to $163.00 and gave the company an “outperform” rating in a report on Friday, October 26th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $145.27.
In related news, insider Lance A. Soliday sold 3,281 shares of Expedia Group stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $119.28, for a total value of $391,357.68. Following the completion of the transaction, the insider now owns 7,674 shares in the company, valued at $915,354.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 20.96% of the company’s stock.
Shares of Expedia Group stock opened at $118.24 on Friday. The stock has a market cap of $18.00 billion, a PE ratio of 27.30, a PEG ratio of 1.61 and a beta of 1.18. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63. Expedia Group Inc has a twelve month low of $98.52 and a twelve month high of $139.77.
Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, October 25th. The online travel company reported $3.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.12 by $0.53. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.29 billion. Expedia Group had a return on equity of 11.79% and a net margin of 4.04%. During the same quarter last year, the business posted $2.51 earnings per share. Analysts anticipate that Expedia Group Inc will post 4.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th were given a dividend of $0.32 per share. 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 payout ratio is 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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