Toronto Dominion Bank Sells 64,363 Shares of Expedia Group Inc (EXPE)

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Toronto Dominion Bank trimmed its holdings in Expedia Group Inc (NASDAQ:EXPE) by 29.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,121 shares of the online travel company’s stock after selling 64,363 shares during the quarter. Toronto Dominion Bank’s holdings in Expedia Group were worth $18,400,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Expedia Group by 2.9% in the 1st quarter. BlackRock Inc. now owns 7,556,157 shares of the online travel company’s stock valued at $834,275,000 after acquiring an additional 214,244 shares during the period. First Pacific Advisors LLC increased its holdings in shares of Expedia Group by 9.3% in the 1st quarter. First Pacific Advisors LLC now owns 2,909,233 shares of the online travel company’s stock valued at $321,208,000 after acquiring an additional 247,413 shares during the period. First Trust Advisors LP increased its stake in Expedia Group by 7.7% in the 2nd quarter. First Trust Advisors LP now owns 1,827,633 shares of the online travel company’s stock valued at $219,663,000 after buying an additional 130,021 shares during the period. Neuberger Berman Group LLC increased its stake in Expedia Group by 197.5% in the 1st quarter. Neuberger Berman Group LLC now owns 1,441,064 shares of the online travel company’s stock valued at $159,108,000 after buying an additional 956,715 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in Expedia Group by 4.7% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 944,597 shares of the online travel company’s stock valued at $113,531,000 after buying an additional 42,077 shares during the period. 80.23% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Craig A. Jacobson sold 3,500 shares of the company’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $133.48, for a total transaction of $467,180.00. Following the transaction, the director now directly owns 31,764 shares of the company’s stock, valued at approximately $4,239,858.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lance A. Soliday sold 3,269 shares of the company’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $138.07, for a total transaction of $451,350.83. Following the transaction, the insider now directly owns 7,143 shares in the company, valued at $986,234.01. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,316 shares of company stock worth $1,125,813. Corporate insiders own 20.96% of the company’s stock.

NASDAQ:EXPE opened at $131.03 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.74 and a current ratio of 0.74. Expedia Group Inc has a fifty-two week low of $98.52 and a fifty-two week high of $154.24. The firm has a market cap of $19.73 billion, a PE ratio of 35.22, a P/E/G ratio of 1.86 and a beta of 1.37.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 13th. Stockholders of record on Thursday, August 23rd will be paid a dividend of $0.32 per share. The ex-dividend date is Wednesday, August 22nd. This is a boost from Expedia Group’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.98%. Expedia Group’s dividend payout ratio is 32.26%.

Several brokerages have issued reports on EXPE. Guggenheim reissued a “buy” rating and issued a $160.00 price objective on shares of Expedia Group in a research note on Friday, July 27th. Citigroup boosted their price objective on shares of Expedia Group from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 30th. DA Davidson set a $160.00 price objective on shares of Expedia Group and gave the company a “buy” rating in a research note on Friday, July 27th. Wedbush boosted their price objective on shares of Expedia Group from $117.00 to $133.00 and gave the company a “hold” rating in a research note on Friday, July 27th. Finally, Stifel Nicolaus boosted their price objective on shares of Expedia Group from $122.00 to $136.00 and gave the company a “hold” rating in a research note on Friday, July 27th. Ten equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $150.06.

Expedia Group 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.

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

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