Key Points
- Expedia Group’s chief accounting officer sold 2,810 shares at an average price of $323.65, generating $909,456.50. His remaining 12,006 shares were valued at approximately $3.89 million.
- Expedia reported quarterly results above expectations, with EPS of $5.76 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’ consensus rating remains “Hold,” with an average price target of $314.27.
Expedia Group, Inc. (NASDAQ:EXPE - Get Free Report) CAO Lance Soliday sold 2,810 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total transaction of $909,456.50. Following the completion of the transaction, the chief accounting officer owned 12,006 shares in the company, valued at approximately $3,885,741.90. This represents a 18.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Expedia Group Stock Performance
NASDAQ:EXPE opened at $324.17 on Friday. Expedia Group, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $335.00. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. The company has a 50 day moving average price of $278.34 and a 200 day moving average price of $247.56. The stock has a market capitalization of $38.91 billion, a P/E ratio of 20.21, a PEG ratio of 0.80 and a beta of 1.22.
Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $4.17 billion. During the same quarter in the previous year, the company earned $4.24 earnings per share. The firm's quarterly revenue was up 14.0% compared to the same quarter last year. Equities research analysts forecast that Expedia Group, Inc. will post 17.15 EPS for the current year.
Expedia Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.6%. Expedia Group's payout ratio is presently 11.97%.
Analysts Set New Price Targets
Several research firms recently issued reports on EXPE. Piper Sandler reissued a "neutral" rating and set a $325.00 target price (up from $245.00) on shares of Expedia Group in a research note on Thursday, August 6th. Wells Fargo & Company lifted their target price on Expedia Group from $303.00 to $307.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Expedia Group from $244.00 to $230.00 and set a "hold" rating on the stock in a research note on Monday, May 18th. UBS Group increased their price target on shares of Expedia Group from $322.00 to $351.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 12th. Finally, Bank of America reissued a "buy" rating on shares of Expedia Group in a research note on Thursday, August 6th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $314.27.
Get Our Latest Research Report on Expedia Group
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LLC boosted its position in shares of Expedia Group by 17.8% in the 4th quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company's stock valued at $17,344,000 after purchasing an additional 9,256 shares during the period. Plato Investment Management Ltd purchased a new stake in Expedia Group in the second quarter valued at approximately $2,562,000. Lombard Odier Asset Management Switzerland SA purchased a new stake in Expedia Group in the first quarter valued at approximately $910,000. Lmcg Investments LLC boosted its holdings in shares of Expedia Group by 276.0% in the fourth quarter. Lmcg Investments LLC now owns 9,655 shares of the online travel company's stock valued at $2,735,000 after acquiring an additional 7,087 shares during the period. Finally, North Dakota State Investment Board acquired a new stake in shares of Expedia Group in the fourth quarter valued at approximately $3,027,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.
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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