Expedia Group (NASDAQ:EXPE) Shares Up 0.9%

Expedia Group Inc (NASDAQ:EXPE) shares rose 0.9% during mid-day trading on Thursday . The stock traded as high as $109.32 and last traded at $106.52, approximately 182,071 shares traded hands during mid-day trading. A decline of 90% from the average daily volume of 1,906,222 shares. The stock had previously closed at $105.56.

A number of analysts recently issued reports on EXPE shares. Raymond James lowered their target price on Expedia Group from $150.00 to $136.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Barclays reaffirmed a “buy” rating and issued a $151.00 price target on shares of Expedia Group in a research note on Wednesday, October 16th. Bank of America lowered shares of Expedia Group from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. Needham & Company LLC reiterated a “hold” rating on shares of Expedia Group in a report on Thursday. Finally, Mizuho lowered their price objective on shares of Expedia Group from $115.00 to $100.00 in a research report on Monday. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and eleven have given a buy rating to the stock. Expedia Group presently has a consensus rating of “Hold” and an average price target of $139.46.

The firm has a fifty day moving average of $116.13 and a 200-day moving average of $126.16. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.80. The firm has a market cap of $14.73 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Wednesday, November 6th. The online travel company reported $3.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.56 by ($0.18). Expedia Group had a net margin of 4.26% and a return on equity of 13.45%. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the prior year, the business earned $3.65 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities analysts forecast that Expedia Group Inc will post 5.04 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 19th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, November 18th. Expedia Group’s payout ratio is presently 28.27%.

In other Expedia Group news, insider Robert J. Dzielak sold 9,222 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $135.19, for a total transaction of $1,246,722.18. Following the sale, the insider now directly owns 36,029 shares of the company’s stock, valued at $4,870,760.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 2,722 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $95.69, for a total transaction of $260,468.18. Following the sale, the chief accounting officer now directly owns 8,285 shares in the company, valued at $792,791.65. The disclosure for this sale can be found here. Insiders sold 111,944 shares of company stock valued at $14,790,690 over the last three months. 2.10% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Expedia Group by 2.2% during the second quarter. Vanguard Group Inc. now owns 12,335,351 shares of the online travel company’s stock worth $1,640,972,000 after purchasing an additional 268,465 shares during the period. Par Capital Management Inc. boosted its holdings in shares of Expedia Group by 19.4% during the 2nd quarter. Par Capital Management Inc. now owns 9,509,627 shares of the online travel company’s stock worth $1,265,066,000 after buying an additional 1,545,373 shares during the period. BlackRock Inc. boosted its holdings in shares of Expedia Group by 5.2% during the 2nd quarter. BlackRock Inc. now owns 8,223,670 shares of the online travel company’s stock worth $1,093,995,000 after buying an additional 407,604 shares during the period. State Street Corp grew its stake in Expedia Group by 16.5% in the 3rd quarter. State Street Corp now owns 5,846,641 shares of the online travel company’s stock valued at $785,847,000 after buying an additional 828,186 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Expedia Group by 1,704.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 5,557,410 shares of the online travel company’s stock valued at $739,303,000 after buying an additional 5,249,396 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

About Expedia Group (NASDAQ:EXPE)

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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