Parkside Financial Bank & Trust boosted its holdings in Expedia Group Inc (NASDAQ:EXPE) by 219.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 450 shares of the online travel company’s stock after acquiring an additional 309 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Expedia Group were worth $60,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in EXPE. Nuveen Asset Management LLC raised its position in Expedia Group by 1,704.3% in the second quarter. Nuveen Asset Management LLC now owns 5,557,410 shares of the online travel company’s stock worth $739,303,000 after acquiring an additional 5,249,396 shares in the last quarter. Par Capital Management Inc. grew its holdings in Expedia Group by 19.4% in the second quarter. Par Capital Management Inc. now owns 9,509,627 shares of the online travel company’s stock valued at $1,265,066,000 after purchasing an additional 1,545,373 shares during the last quarter. DNB Asset Management AS grew its holdings in Expedia Group by 2,126.8% in the third quarter. DNB Asset Management AS now owns 1,102,864 shares of the online travel company’s stock valued at $148,236,000 after purchasing an additional 1,053,337 shares during the last quarter. Holocene Advisors LP acquired a new stake in Expedia Group in the second quarter valued at $57,957,000. Finally, BlackRock Inc. grew its holdings in Expedia Group by 5.2% in the second quarter. BlackRock Inc. now owns 8,223,670 shares of the online travel company’s stock valued at $1,093,995,000 after purchasing an additional 407,604 shares during the last quarter. Hedge funds and other institutional investors own 81.09% of the company’s stock.
Several analysts have weighed in on EXPE shares. Bank of America lowered Expedia Group from a “buy” rating to a “neutral” rating in a report on Thursday. ValuEngine lowered Expedia Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Wells Fargo & Co lowered Expedia Group from an “outperform” rating to a “market perform” rating in a research note on Thursday. JMP Securities lowered Expedia Group from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, Royal Bank of Canada decreased their price objective on Expedia Group to $142.00 and set an “average” rating on the stock in a research note on Thursday. Twenty equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $142.35.
NASDAQ EXPE traded down $2.32 during trading hours on Monday, hitting $99.00. 198,983 shares of the company’s stock were exchanged, compared to its average volume of 1,732,978. The business’s 50 day moving average is $133.97 and its 200-day moving average is $129.36. Expedia Group Inc has a 12-month low of $97.05 and a 12-month high of $144.00. The firm has a market capitalization of $20.20 billion, a P/E ratio of 20.56, 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 quick ratio of 0.76 and a current ratio of 0.76.
Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Wednesday, November 6th. The online travel company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.18). The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.65 earnings per share. As a group, equities research analysts anticipate that Expedia Group Inc will post 5.72 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 19th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.37%. Expedia Group’s dividend payout ratio (DPR) is 28.27%.
In other news, Director Dara Khosrowshahi sold 50,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $132.69, for a total value of $6,634,500.00. Following the transaction, the director now directly owns 477,677 shares in the company, valued at approximately $63,382,961.13. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lance A. Soliday sold 2,724 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $127.93, for a total value of $348,481.32. Following the completion of the transaction, the insider now owns 8,009 shares in the company, valued at $1,024,591.37. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 111,946 shares of company stock worth $14,878,704. Company insiders own 2.10% of the company’s stock.
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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