Key Points
- Expedia director Madhumita Moina Banerjee sold 1,000 shares on December 1 at an average price of $258 for a total of $258,000, reducing her stake by 25.54% to 2,916 shares (≈$752,328).
- Expedia beat expectations with quarterly EPS of $7.57 versus a $7.10 consensus and revenue of $4.41 billion versus $4.28 billion, with revenue up 8.7% year‑over‑year and ROE of 64.15%.
- The company declared a quarterly $0.40 dividend (annualized $1.60, yield ~0.6%) payable December 11 to shareholders of record November 19, with a payout ratio of 15.31%.
Expedia Group, Inc. (NASDAQ:EXPE - Get Free Report) Director Madhumita Moina Banerjee sold 1,000 shares of Expedia Group stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $258.00, for a total value of $258,000.00. Following the sale, the director directly owned 2,916 shares in the company, valued at approximately $752,328. This trade represents a 25.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Expedia Group Stock Performance
Shares of EXPE stock opened at $263.70 on Wednesday. Expedia Group, Inc. has a 12-month low of $130.01 and a 12-month high of $279.61. The firm has a market capitalization of $32.31 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 1.17 and a beta of 1.44. The business has a 50 day simple moving average of $231.77 and a 200 day simple moving average of $203.61. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.74 and a quick ratio of 0.74.
Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $7.10 by $0.47. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the previous year, the business earned $6.13 EPS. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.
Expedia Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 19th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, November 19th. Expedia Group's payout ratio is currently 15.31%.
Institutional Trading of Expedia Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in EXPE. OMNI 360 Wealth Inc. acquired a new stake in Expedia Group during the 2nd quarter worth about $325,000. Korea Investment CORP raised its holdings in shares of Expedia Group by 55.1% during the first quarter. Korea Investment CORP now owns 177,934 shares of the online travel company's stock valued at $29,911,000 after acquiring an additional 63,244 shares during the period. Leith Wheeler Investment Counsel Ltd. lifted its position in shares of Expedia Group by 2.6% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 107,973 shares of the online travel company's stock valued at $18,213,000 after acquiring an additional 2,767 shares in the last quarter. Vise Technologies Inc. acquired a new position in Expedia Group in the 2nd quarter worth approximately $2,351,000. Finally, Plato Investment Management Ltd purchased a new position in Expedia Group during the 1st quarter worth approximately $1,648,000. 90.76% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
EXPE has been the subject of a number of recent analyst reports. KeyCorp assumed coverage on shares of Expedia Group in a research report on Wednesday, October 22nd. They issued a "sector weight" rating for the company. TD Cowen upped their price target on shares of Expedia Group from $220.00 to $256.00 in a research note on Friday, November 7th. The Goldman Sachs Group raised their price objective on shares of Expedia Group from $253.00 to $295.00 and gave the company a "buy" rating in a research note on Friday, November 7th. Wells Fargo & Company boosted their target price on Expedia Group from $212.00 to $272.00 and gave the stock an "equal weight" rating in a report on Friday, November 7th. Finally, B. Riley upped their target price on Expedia Group from $260.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $265.31.
Read Our Latest Research Report on EXPE
About Expedia Group
(
Get Free Report)
Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
