Carillon Tower Advisers Inc. lifted its holdings in shares of Expedia Group Inc (NASDAQ:EXPE) by 2.2% during the 1st quarter, Holdings Channel reports. The firm owned 99,875 shares of the online travel company’s stock after buying an additional 2,175 shares during the period. Carillon Tower Advisers Inc.’s holdings in Expedia Group were worth $11,885,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Legal & General Group Plc boosted its position in shares of Expedia Group by 2.1% in the 3rd quarter. Legal & General Group Plc now owns 555,006 shares of the online travel company’s stock worth $72,417,000 after purchasing an additional 11,428 shares in the last quarter. Morgan Stanley lifted its position in Expedia Group by 8.9% during the 3rd quarter. Morgan Stanley now owns 1,065,996 shares of the online travel company’s stock worth $139,091,000 after acquiring an additional 86,901 shares during the period. Virtu Financial LLC lifted its position in Expedia Group by 116.5% during the 4th quarter. Virtu Financial LLC now owns 11,383 shares of the online travel company’s stock worth $1,282,000 after acquiring an additional 6,125 shares during the period. Butensky & Cohen Financial Security Inc. lifted its position in Expedia Group by 3.9% during the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 12,964 shares of the online travel company’s stock worth $1,460,000 after acquiring an additional 488 shares during the period. Finally, BTIM Corp. lifted its position in Expedia Group by 30.3% during the 4th quarter. BTIM Corp. now owns 26,545 shares of the online travel company’s stock worth $2,990,000 after acquiring an additional 6,175 shares during the period. Institutional investors own 80.53% of the company’s stock.
Shares of EXPE stock opened at $119.56 on Wednesday. The stock has a market capitalization of $17.19 billion, a PE ratio of 24.86, a P/E/G ratio of 1.65 and a beta of 0.96. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. Expedia Group Inc has a 52-week low of $108.11 and a 52-week high of $139.77.
Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, May 2nd. The online travel company reported ($0.27) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.61) by $0.34. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Expedia Group had a return on equity of 13.41% and a net margin of 3.89%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.36) EPS. As a group, equities research analysts expect that Expedia Group Inc will post 5.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 23rd will be issued a $0.32 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $1.28 annualized dividend and a dividend yield of 1.07%. Expedia Group’s dividend payout ratio (DPR) is presently 26.61%.
In related news, insider Mark D. Okerstrom sold 5,531 shares of Expedia Group stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $128.65, for a total value of $711,563.15. Following the completion of the transaction, the insider now owns 69,813 shares in the company, valued at approximately $8,981,442.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Lance A. Soliday sold 1,635 shares of Expedia Group stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $124.56, for a total value of $203,655.60. Following the completion of the transaction, the chief accounting officer now owns 6,644 shares of the company’s stock, valued at approximately $827,576.64. The disclosure for this sale can be found here. In the last three months, insiders sold 18,228 shares of company stock valued at $2,319,650. Insiders own 20.96% of the company’s stock.
A number of analysts have commented on the company. Zacks Investment Research cut Expedia Group from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Piper Jaffray Companies lowered their price target on Expedia Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Barclays reaffirmed a “buy” rating and set a $145.00 price target on shares of Expedia Group in a research report on Monday, May 6th. BidaskClub cut Expedia Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Finally, Bank of America reaffirmed a “buy” rating and set a $148.00 price target (up previously from $142.00) on shares of Expedia Group in a research report on Tuesday, February 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $146.90.
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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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