Reinhart Partners Inc. lessened its stake in shares of Expedia Group Inc (NASDAQ:EXPE) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,011 shares of the online travel company’s stock after selling 5,726 shares during the period. Expedia Group makes up about 2.0% of Reinhart Partners Inc.’s investment portfolio, making the stock its 24th largest holding. Reinhart Partners Inc. owned 0.10% of Expedia Group worth $21,104,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. Lenox Wealth Advisors LLC lifted its position in Expedia Group by 113.3% during the third quarter. Lenox Wealth Advisors LLC now owns 192 shares of the online travel company’s stock valued at $26,000 after purchasing an additional 102 shares in the last quarter. WealthStone Inc. bought a new stake in Expedia Group during the second quarter worth approximately $27,000. FNY Investment Advisers LLC bought a new stake in Expedia Group during the second quarter worth approximately $28,000. Signaturefd LLC increased its stake in Expedia Group by 75.8% during the third quarter. Signaturefd LLC now owns 276 shares of the online travel company’s stock worth $37,000 after acquiring an additional 119 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in Expedia Group during the second quarter worth approximately $41,000. 81.09% of the stock is owned by institutional investors.
Several equities research analysts have weighed in on EXPE shares. Morgan Stanley reduced their price objective on Expedia Group from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday. Stifel Nicolaus reduced their price objective on Expedia Group from $135.00 to $125.00 and set a “hold” rating on the stock in a research note on Thursday. SunTrust Banks reduced their price objective on Expedia Group to $172.00 and set a “buy” rating on the stock in a research note on Thursday. Piper Jaffray Companies cut Expedia Group from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $160.00 to $124.00 in a research note on Thursday. Finally, Raymond James reduced their price objective on Expedia Group from $150.00 to $136.00 and set an “outperform” rating on the stock in a research note on Thursday. Nineteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $144.52.
Shares of NASDAQ:EXPE traded up $3.03 during trading hours on Friday, hitting $101.32. 10,007,700 shares of the company’s stock traded hands, compared to its average volume of 1,732,978. The business has a fifty day moving average price of $133.97 and a 200-day moving average price of $129.36. The firm has a market capitalization of $20.20 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.76 and a quick ratio of 0.76. Expedia Group Inc has a 1 year low of $97.05 and a 1 year high of $144.00.
Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Wednesday, November 6th. The online travel company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.18). Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the previous year, the company posted $3.65 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, equities analysts predict that Expedia Group Inc will post 5.72 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 19th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, November 18th. Expedia Group’s payout ratio is 28.27%.
In other Expedia Group news, Director Dara Khosrowshahi sold 50,000 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $132.98, for a total transaction of $6,649,000.00. Following the sale, the director now directly owns 477,677 shares of the company’s stock, valued at approximately $63,521,487.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Dzielak sold 9,222 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $135.19, for a total value of $1,246,722.18. Following the sale, the insider now directly owns 36,029 shares in the company, valued at $4,870,760.51. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,946 shares of company stock worth $14,878,704. 2.10% of the stock is owned by insiders.
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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