Merriman Wealth Management LLC Has $297,000 Stock Position in Expedia Group Inc (NASDAQ:EXPE)

Merriman Wealth Management LLC lowered its stake in Expedia Group Inc (NASDAQ:EXPE) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,227 shares of the online travel company’s stock after selling 100 shares during the period. Merriman Wealth Management LLC’s holdings in Expedia Group were worth $297,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Alta Capital Management LLC boosted its position in Expedia Group by 40.5% in the first quarter. Alta Capital Management LLC now owns 272,644 shares of the online travel company’s stock valued at $32,444,000 after buying an additional 78,604 shares in the last quarter. MML Investors Services LLC boosted its position in Expedia Group by 0.9% in the first quarter. MML Investors Services LLC now owns 12,262 shares of the online travel company’s stock valued at $1,459,000 after buying an additional 109 shares in the last quarter. Greencape Capital Pty Ltd boosted its position in Expedia Group by 0.9% in the first quarter. Greencape Capital Pty Ltd now owns 189,821 shares of the online travel company’s stock valued at $22,589,000 after buying an additional 1,600 shares in the last quarter. Riverhead Capital Management LLC boosted its position in Expedia Group by 310.2% in the first quarter. Riverhead Capital Management LLC now owns 16,662 shares of the online travel company’s stock valued at $1,983,000 after buying an additional 12,600 shares in the last quarter. Finally, Fiera Capital Corp boosted its position in Expedia Group by 15.3% in the first quarter. Fiera Capital Corp now owns 9,335 shares of the online travel company’s stock valued at $1,111,000 after buying an additional 1,242 shares in the last quarter. Hedge funds and other institutional investors own 80.73% of the company’s stock.

In related news, Director Craig A. Jacobson sold 3,300 shares of Expedia Group stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $130.53, for a total transaction of $430,749.00. Following the completion of the transaction, the director now owns 30,480 shares of the company’s stock, valued at $3,978,554.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan C. Athey sold 2,425 shares of Expedia Group stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $134.59, for a total transaction of $326,380.75. Following the transaction, the director now directly owns 1,462 shares of the company’s stock, valued at approximately $196,770.58. The disclosure for this sale can be found here. 20.96% of the stock is owned by company insiders.

A number of analysts have weighed in on EXPE shares. Cowen raised their target price on shares of Expedia Group from $155.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Piper Jaffray Companies cut their target price on shares of Expedia Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. ValuEngine lowered shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Cleveland Research started coverage on shares of Expedia Group in a report on Wednesday, June 19th. They set a “neutral” rating on the stock. Finally, Standpoint Research started coverage on shares of Expedia Group in a report on Tuesday, July 16th. They set a “buy” rating and a $180.00 price target on the stock. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $152.43.

NASDAQ EXPE traded down $2.90 during mid-day trading on Wednesday, reaching $126.25. 45,709 shares of the stock were exchanged, compared to its average volume of 1,637,140. Expedia Group Inc has a one year low of $108.11 and a one year high of $144.00. The company has a 50 day moving average of $133.22. The stock has a market cap of $19.29 billion, a PE ratio of 26.16, a P/E/G ratio of 1.67 and a beta of 1.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.76 and a current ratio of 0.76.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, July 25th. The online travel company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.07. Expedia Group had a net margin of 5.36% and a return on equity of 14.20%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the firm earned $1.45 earnings per share. Expedia Group’s quarterly revenue was up 9.5% on a year-over-year basis. Sell-side analysts expect that Expedia Group Inc will post 5.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 22nd will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Wednesday, August 21st. This is an increase from Expedia Group’s previous quarterly dividend of $0.32. Expedia Group’s dividend payout ratio (DPR) is currently 26.61%.

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, 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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