Key Points
- Expedia Group insider Robert Dzielak sold 3,003 shares at an average price of $315, generating $945,945. He retained 103,829 shares after reducing his position by 2.81%.
- Expedia reported quarterly results above expectations, with earnings of $5.76 per share versus the $5.22 consensus and revenue of $4.32 billion, up 14% year over year.
- The company declared a quarterly dividend of $0.48 per share, equivalent to $1.92 annually and a 0.6% yield. Analysts maintain a consensus “Hold” rating with an average price target of $311.76.
Expedia Group, Inc. (NASDAQ:EXPE - Get Free Report) insider Robert Dzielak sold 3,003 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $315.00, for a total transaction of $945,945.00. Following the transaction, the insider owned 103,829 shares in the company, valued at $32,706,135. The trade was a 2.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Expedia Group Trading Up 0.8%
NASDAQ EXPE opened at $328.31 on Friday. Expedia Group, Inc. has a 12-month low of $185.34 and a 12-month high of $331.31. The company has a fifty day simple moving average of $268.47 and a two-hundred day simple moving average of $245.57. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21. The stock has a market cap of $40.23 billion, a P/E ratio of 20.47, a P/E/G ratio of 0.80 and a beta of 1.22.
Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating analysts' consensus estimates of $5.22 by $0.54. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The business's quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company earned $4.24 earnings per share. On average, analysts forecast that Expedia Group, Inc. will post 17.18 earnings per share for the current year.
Expedia Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, August 27th. Expedia Group's payout ratio is presently 11.97%.
Analyst Upgrades and Downgrades
EXPE has been the subject of several research analyst reports. Argus raised their price objective on Expedia Group from $270.00 to $315.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. BMO Capital Markets reiterated a "market perform" rating and issued a $285.00 target price on shares of Expedia Group in a research report on Friday, August 7th. Barclays increased their price target on shares of Expedia Group from $264.00 to $320.00 and gave the stock an "equal weight" rating in a report on Thursday, August 6th. Royal Bank Of Canada raised their price target on shares of Expedia Group from $290.00 to $330.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 6th. Finally, DA Davidson decreased their price objective on shares of Expedia Group from $260.00 to $250.00 and set a "neutral" rating for the company in a research note on Friday, May 15th. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $311.76.
View Our Latest Stock Analysis on Expedia Group
Institutional Investors Weigh In On Expedia Group
A number of hedge funds and other institutional investors have recently made changes to their positions in EXPE. Heartland Bank & Trust Co purchased a new position in shares of Expedia Group during the 2nd quarter valued at approximately $1,021,000. Abacus FCF Advisors LLC purchased a new stake in Expedia Group during the second quarter worth $7,084,000. Great Lakes Advisors LLC purchased a new stake in shares of Expedia Group during the 2nd quarter worth about $19,585,000. Commerzbank Aktiengesellschaft FI purchased a new position in Expedia Group during the second quarter worth approximately $204,000. Finally, Plato Investment Management Ltd acquired a new stake in Expedia Group in the 2nd quarter valued at $2,562,000. Institutional investors and hedge funds own 90.76% of the company's stock.
Expedia Group Company Profile
(
Get Free Report)
Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company's platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.
Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.
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