Macquarie Group Ltd. lessened its holdings in Expedia Group Inc (NASDAQ:EXPE) by 17.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,900 shares of the online travel company’s stock after selling 400 shares during the period. Macquarie Group Ltd.’s holdings in Expedia Group were worth $214,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. National Pension Service lifted its holdings in shares of Expedia Group by 4.7% in the 4th quarter. National Pension Service now owns 152,754 shares of the online travel company’s stock valued at $19,363,000 after acquiring an additional 6,848 shares during the last quarter. Colony Group LLC lifted its holdings in shares of Expedia Group by 1.3% in the 4th quarter. Colony Group LLC now owns 29,859 shares of the online travel company’s stock valued at $3,364,000 after acquiring an additional 378 shares during the last quarter. Hancock Whitney Corp lifted its holdings in shares of Expedia Group by 392.1% in the 4th quarter. Hancock Whitney Corp now owns 78,228 shares of the online travel company’s stock valued at $8,812,000 after acquiring an additional 62,330 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Expedia Group by 7.2% in the 4th quarter. Legal & General Group Plc now owns 594,803 shares of the online travel company’s stock valued at $67,015,000 after acquiring an additional 39,797 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Expedia Group by 2.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 514,427 shares of the online travel company’s stock valued at $57,950,000 after acquiring an additional 12,043 shares during the last quarter. Institutional investors and hedge funds own 79.70% of the company’s stock.
Several brokerages have issued reports on EXPE. BidaskClub raised shares of Expedia Group from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd. Zacks Investment Research raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research note on Monday, January 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $125.00 price objective (up previously from $115.00) on shares of Expedia Group in a research note on Friday, February 8th. Vertical Group began coverage on shares of Expedia Group in a research note on Thursday, January 31st. They issued a “positive” rating for the company. Finally, Needham & Company LLC raised their price objective on shares of Expedia Group from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, February 8th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $146.94.
In other news, insider Mark D. Okerstrom sold 5,531 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $126.66, for a total transaction of $700,556.46. Following the transaction, the insider now directly owns 70,532 shares of the company’s stock, valued at $8,933,583.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 1,635 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $124.56, for a total transaction of $203,655.60. Following the transaction, the chief accounting officer now directly owns 6,644 shares in the company, valued at $827,576.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 123,759 shares of company stock worth $15,794,981. Corporate insiders own 20.96% of the company’s stock.
Shares of NASDAQ:EXPE opened at $125.99 on Wednesday. The company has a market cap of $18.46 billion, a PE ratio of 26.30, a P/E/G ratio of 1.56 and a beta of 0.93. Expedia Group Inc has a one year low of $105.87 and a one year high of $139.77. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.64 and a current ratio of 0.64.
Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, February 7th. The online travel company reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.50. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.55 billion. Expedia Group had a net margin of 3.62% and a return on equity of 12.96%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company posted $0.84 earnings per share. Sell-side analysts anticipate that Expedia Group Inc will post 6.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 7th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Wednesday, March 6th. Expedia Group’s dividend payout ratio (DPR) is presently 26.61%.
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, 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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