Brown Advisory Inc. grew its position in shares of Expedia Group Inc (NASDAQ:EXPE) by 785.8% in the 2nd quarter, Holdings Channel reports. The fund owned 21,728 shares of the online travel company’s stock after buying an additional 19,275 shares during the quarter. Brown Advisory Inc.’s holdings in Expedia Group were worth $2,612,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. IMA Wealth Inc. bought a new position in shares of Expedia Group during the second quarter valued at about $105,000. Optimum Investment Advisors bought a new position in shares of Expedia Group during the first quarter valued at about $131,000. Dupont Capital Management Corp raised its stake in shares of Expedia Group by 62.8% during the second quarter. Dupont Capital Management Corp now owns 1,410 shares of the online travel company’s stock valued at $169,000 after acquiring an additional 544 shares during the last quarter. Compagnie Lombard Odier SCmA raised its stake in shares of Expedia Group by 100.0% during the first quarter. Compagnie Lombard Odier SCmA now owns 1,800 shares of the online travel company’s stock valued at $198,000 after acquiring an additional 900 shares during the last quarter. Finally, Raymond James Trust N.A. bought a new position in shares of Expedia Group during the second quarter valued at about $208,000. 79.50% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on EXPE shares. SunTrust Banks reaffirmed a “buy” rating on shares of Expedia Group in a research note on Monday, July 2nd. Cowen set a $155.00 price objective on shares of Expedia Group and gave the company a “buy” rating in a research note on Friday, July 27th. Wells Fargo & Co upped their price objective on shares of Expedia Group from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, June 21st. KeyCorp boosted their price target on shares of Expedia Group from $140.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Finally, BidaskClub upgraded shares of Expedia Group from a “hold” rating to a “buy” rating in a research report on Thursday, May 24th. Twelve investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $149.47.
Shares of EXPE opened at $124.53 on Friday. The stock has a market capitalization of $19.52 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36. 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.
Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data 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. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Expedia Group had a net margin of 2.54% and a return on equity of 9.48%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 earnings per share. equities analysts predict that Expedia Group Inc will post 4.42 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Shareholders of record on Thursday, August 23rd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, August 22nd. This is a boost from Expedia Group’s previous quarterly dividend of $0.30. Expedia Group’s dividend payout ratio is 34.41%.
In other Expedia Group news, insider Lance A. Soliday sold 3,269 shares of the company’s stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $138.07, for a total value of $451,350.83. Following the sale, the insider now owns 7,143 shares in the company, valued at $986,234.01. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan C. Athey sold 1,547 shares of the company’s stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $133.99, for a total transaction of $207,282.53. Following the completion of the sale, the director now owns 1,974 shares in the company, valued at approximately $264,496.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,316 shares of company stock worth $1,125,813. Corporate insiders own 20.96% of the company’s stock.
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, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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