DNB Asset Management AS Sells 1,366 Shares of Expedia Group Inc (EXPE)

DNB Asset Management AS decreased its stake in Expedia Group Inc (NASDAQ:EXPE) by 9.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,712 shares of the online travel company’s stock after selling 1,366 shares during the period. DNB Asset Management AS’s holdings in Expedia Group were worth $1,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. grew its stake in Expedia Group by 21,698.8% during the first quarter. Pacer Advisors Inc. now owns 17,657 shares of the online travel company’s stock worth $2,101,000 after purchasing an additional 17,576 shares during the period. North Star Investment Management Corp. acquired a new stake in Expedia Group during the first quarter worth approximately $25,000. CHICAGO TRUST Co NA acquired a new stake in Expedia Group during the first quarter worth approximately $549,000. Boyd Watterson Asset Management LLC OH grew its stake in Expedia Group by 2.0% during the first quarter. Boyd Watterson Asset Management LLC OH now owns 10,239 shares of the online travel company’s stock worth $1,218,000 after purchasing an additional 200 shares during the period. Finally, Huntington National Bank grew its stake in Expedia Group by 39.5% during the first quarter. Huntington National Bank now owns 11,748 shares of the online travel company’s stock worth $1,398,000 after purchasing an additional 3,328 shares during the period. 79.70% of the stock is owned by institutional investors.

Shares of EXPE opened at $124.82 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market cap of $18.54 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93. Expedia Group Inc has a 12 month low of $105.87 and a 12 month high of $139.77.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, February 7th. The online travel company reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.50. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.55 billion. Expedia Group had a return on equity of 12.96% and a net margin of 3.62%. Expedia Group’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the business posted $0.84 earnings per share. On average, equities research analysts predict that Expedia Group Inc will post 6.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 7th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Wednesday, March 6th. Expedia Group’s payout ratio is 26.61%.

In related news, insider Mark D. Okerstrom sold 5,531 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $126.66, for a total transaction of $700,556.46. Following the completion of the sale, the insider now directly owns 70,532 shares of the company’s stock, valued at $8,933,583.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 50,000 shares of the stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $130.31, for a total value of $6,515,500.00. Following the sale, the director now directly owns 462,910 shares of the company’s stock, valued at $60,321,802.10. The disclosure for this sale can be found here. Insiders have sold 123,759 shares of company stock valued at $15,794,981 over the last ninety days. 20.96% of the stock is currently owned by company insiders.

EXPE has been the subject of several recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of Expedia Group in a research note on Friday, February 8th. BidaskClub lowered Expedia Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Credit Suisse Group raised their target price on Expedia Group from $145.00 to $150.00 in a report on Friday, February 8th. SunTrust Banks restated a “buy” rating and issued a $180.00 target price on shares of Expedia Group in a report on Monday, February 4th. Finally, Goldman Sachs Group upgraded Expedia Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $125.00 to $140.00 in a report on Friday, January 4th. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $146.94.

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About Expedia Group

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

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

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