Expedia Group, Inc. (NASDAQ:EXPE - Get Free Report) insider Robert Dzielak sold 2,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $330.50, for a total transaction of $661,000.00. Following the transaction, the insider directly owned 105,335 shares of the company's stock, valued at $34,813,217.50. This trade represents a 1.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Expedia Group Trading Up 0.9%
EXPE stock opened at $321.42 on Wednesday. The firm has a fifty day moving average price of $274.21 and a 200 day moving average price of $246.77. Expedia Group, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $335.00. The firm has a market cap of $38.58 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 0.81 and a beta of 1.22. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80.
Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, topping the consensus estimate of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The company had revenue of $4.32 billion for the quarter, compared to analysts' expectations of $4.17 billion. During the same period in the previous year, the firm posted $4.24 earnings per share. The firm's revenue for the quarter was up 14.0% on a year-over-year basis. Sell-side analysts anticipate that Expedia Group, Inc. will post 17.15 earnings per share for the current fiscal year.
Expedia Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, August 27th. Expedia Group's dividend payout ratio is currently 11.97%.
Hedge Funds Weigh In On Expedia Group
A number of large investors have recently added to or reduced their stakes in EXPE. Motiv8 Investments LLC bought a new position in shares of Expedia Group during the 4th quarter worth approximately $25,000. Entrust Financial LLC acquired a new stake in Expedia Group in the fourth quarter worth about $26,000. First Bancorp Inc ME acquired a new position in shares of Expedia Group during the second quarter valued at about $28,000. Sunbelt Securities Inc. raised its position in shares of Expedia Group by 970.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company's stock valued at $39,000 after purchasing an additional 165 shares during the last quarter. Finally, Elevation Wealth Partners LLC boosted its stake in Expedia Group by 272.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company's stock worth $46,000 after purchasing an additional 131 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on EXPE shares. Benchmark boosted their price target on Expedia Group from $290.00 to $360.00 and gave the company a "buy" rating in a report on Thursday, August 6th. BMO Capital Markets restated a "market perform" rating and set a $285.00 price objective on shares of Expedia Group in a report on Friday, August 7th. BTIG Research lifted their target price on Expedia Group from $330.00 to $350.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Royal Bank Of Canada upped their target price on Expedia Group from $290.00 to $330.00 and gave the stock a "sector perform" rating in a report on Thursday, August 6th. Finally, Wells Fargo & Company increased their price target on Expedia Group from $303.00 to $307.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Expedia Group presently has a consensus rating of "Hold" and a consensus price target of $311.76.
Check Out Our Latest Analysis on Expedia Group
About Expedia Group
(
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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