Schwab Charles Investment Management Inc. Decreases Holdings in Expedia Group Inc (EXPE)

Schwab Charles Investment Management Inc. lessened its stake in shares of Expedia Group Inc (NASDAQ:EXPE) by 15.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 458,146 shares of the online travel company’s stock after selling 85,761 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Expedia Group were worth $55,065,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EXPE. IMA Wealth Inc. bought a new position in shares of Expedia Group during the 2nd quarter valued at approximately $105,000. Optimum Investment Advisors bought a new position in Expedia Group in the 1st quarter worth approximately $131,000. Dupont Capital Management Corp boosted its holdings in Expedia Group by 62.8% in the 2nd quarter. Dupont Capital Management Corp now owns 1,410 shares of the online travel company’s stock worth $169,000 after buying an additional 544 shares during the period. Compagnie Lombard Odier SCmA boosted its holdings in Expedia Group by 100.0% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 1,800 shares of the online travel company’s stock worth $198,000 after buying an additional 900 shares during the period. Finally, Raymond James Trust N.A. bought a new position in Expedia Group in the 2nd quarter worth approximately $208,000. 79.50% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently commented on the stock. Guggenheim reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Expedia Group in a report on Friday, July 27th. Citigroup raised their price objective on shares of Expedia Group from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 30th. DA Davidson set a $160.00 target price on shares of Expedia Group and gave the stock a “buy” rating in a research note on Friday, July 27th. Wedbush increased their target price on shares of Expedia Group from $117.00 to $133.00 and gave the stock a “hold” rating in a research note on Friday, July 27th. Finally, Stifel Nicolaus increased their target price on shares of Expedia Group from $122.00 to $136.00 and gave the stock a “hold” rating in a research note on Friday, July 27th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $148.87.

In related news, Director Craig A. Jacobson sold 3,500 shares of Expedia Group stock in a transaction on Monday, August 6th. The shares were sold at an average price of $133.48, for a total value of $467,180.00. Following the transaction, the director now owns 31,764 shares in the company, valued at approximately $4,239,858.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan C. Athey sold 1,547 shares of Expedia Group stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $133.99, for a total transaction of $207,282.53. Following the completion of the transaction, the director now owns 1,974 shares in the company, valued at approximately $264,496.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,316 shares of company stock worth $1,125,813. Corporate insiders own 20.96% of the company’s stock.

Expedia Group stock opened at $130.22 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market cap of $19.48 billion, a PE ratio of 35.01, a P/E/G ratio of 1.83 and a beta of 1.37. Expedia Group Inc has a fifty-two week low of $98.52 and a fifty-two week high of $154.24.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, July 26th. The online travel company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.83. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Expedia Group had a net margin of 2.54% and a return on equity of 9.48%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the company posted $0.89 EPS. equities analysts forecast that Expedia Group Inc will post 4.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Stockholders of record on Thursday, August 23rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, August 22nd. This represents a $1.28 annualized dividend and a dividend yield of 0.98%. This is a boost from Expedia Group’s previous quarterly dividend of $0.30. Expedia Group’s dividend payout ratio (DPR) is 34.41%.

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, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

See Also: Technical Analysis of Stocks and What It Means

Want to see what other hedge funds are holding EXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expedia Group Inc (NASDAQ:EXPE).

Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

Receive News & Ratings for Expedia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply