Expedia Group, Inc. $EXPE Stock Sold by Investment House LLC

Investment House LLC lessened its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 13.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,282 shares of the online travel company’s stock after selling 9,682 shares during the quarter. Expedia Group makes up 0.7% of Investment House LLC’s portfolio, making the stock its 28th biggest position. Investment House LLC’s holdings in Expedia Group were worth $15,876,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. raised its holdings in Expedia Group by 12.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 549 shares of the online travel company’s stock worth $145,000 after purchasing an additional 62 shares in the last quarter. Lmcg Investments LLC boosted its stake in shares of Expedia Group by 1.3% during the 3rd quarter. Lmcg Investments LLC now owns 9,258 shares of the online travel company’s stock valued at $2,438,000 after purchasing an additional 115 shares in the last quarter. Vest Financial LLC boosted its stake in shares of Expedia Group by 37.3% during the 3rd quarter. Vest Financial LLC now owns 321,005 shares of the online travel company’s stock valued at $84,540,000 after purchasing an additional 87,147 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Expedia Group by 2.8% during the third quarter. Crossmark Global Holdings Inc. now owns 29,024 shares of the online travel company’s stock valued at $7,644,000 after buying an additional 787 shares during the period. Finally, Axecap Investments LLC purchased a new position in shares of Expedia Group during the third quarter valued at about $2,092,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insider Activity

In related news, insider Robert J. Dzielak sold 3,003 shares of Expedia Group stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $315.00, for a total value of $945,945.00. Following the completion of the sale, the insider owned 103,829 shares of the company’s stock, valued at $32,706,135. The trade was a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Lance A. Soliday sold 2,810 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total transaction of $909,456.50. Following the sale, the chief accounting officer directly owned 12,006 shares of the company’s stock, valued at $3,885,741.90. The trade was a 18.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,950 shares of company stock valued at $3,881,995 in the last ninety days. 5.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on EXPE. Evercore set a $430.00 price target on shares of Expedia Group in a research note on Monday, August 24th. Argus lifted their price objective on Expedia Group from $270.00 to $315.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Citigroup reiterated a “neutral” rating on shares of Expedia Group in a report on Wednesday, August 12th. BMO Capital Markets reissued a “market perform” rating and issued a $285.00 target price on shares of Expedia Group in a research report on Friday, August 7th. Finally, TD Cowen upgraded Expedia Group to a “hold” rating in a research note on Monday, September 14th. Eighteen investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $316.37.

Expedia Group Stock Performance

EXPE stock opened at $298.49 on Friday. Expedia Group, Inc. has a 12-month low of $185.34 and a 12-month high of $342.00. The stock’s 50 day simple moving average is $290.69 and its 200 day simple moving average is $266.56. The stock has a market capitalization of $35.82 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 0.69 and a beta of 1.36. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21.

Expedia Group (NASDAQ:EXPE) last announced its quarterly 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. The firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the firm posted $4.24 EPS. As a group, research analysts forecast that Expedia Group, Inc. will post 17.26 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 27th. Expedia Group’s dividend payout ratio is presently 11.97%.

About Expedia Group

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group’s consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.