Cornercap Investment Counsel Inc. Sells 2,669 Shares of Expedia Group, Inc. $EXPE

Cornercap Investment Counsel Inc. decreased its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 31.9% in the 4th quarter, Holdings Channel reports. The fund owned 5,691 shares of the online travel company’s stock after selling 2,669 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Expedia Group were worth $1,612,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EXPE. Entrust Financial LLC bought a new stake in shares of Expedia Group during the fourth quarter worth $26,000. JFS Wealth Advisors LLC grew its position in Expedia Group by 78.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after purchasing an additional 44 shares in the last quarter. Lodestone Wealth Management LLC bought a new position in Expedia Group in the fourth quarter valued at $29,000. Rossby Financial LCC grew its position in Expedia Group by 103.8% in the third quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock valued at $35,000 after purchasing an additional 82 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its position in Expedia Group by 970.6% in the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock valued at $39,000 after purchasing an additional 165 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on EXPE. Sanford C. Bernstein decreased their target price on shares of Expedia Group from $256.00 to $253.00 and set a “market perform” rating for the company in a research report on Wednesday, March 11th. Citigroup reaffirmed a “neutral” rating on shares of Expedia Group in a research report on Monday, May 18th. Morgan Stanley raised their target price on shares of Expedia Group from $270.00 to $290.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Jefferies Financial Group raised shares of Expedia Group from a “hold” rating to a “buy” rating and raised their target price for the company from $240.00 to $300.00 in a research report on Monday, March 30th. Finally, Gordon Haskett decreased their target price on shares of Expedia Group from $320.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Sixteen analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $284.42.

Expedia Group Stock Performance

Shares of EXPE opened at $224.89 on Friday. The firm has a 50-day moving average of $233.97 and a 200-day moving average of $247.19. Expedia Group, Inc. has a one year low of $160.00 and a one year high of $303.80. The company has a market cap of $27.56 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 0.59 and a beta of 1.25. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter last year, the firm posted $0.40 EPS. The company’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, equities analysts forecast that Expedia Group, Inc. will post 17.07 earnings per share for the current year.

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, May 28th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.92 annualized dividend and a dividend yield of 0.9%. Expedia Group’s payout ratio is presently 16.90%.

Insider Activity

In related news, CAO Lance A. Soliday sold 940 shares of Expedia Group stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the sale, the chief accounting officer owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 4,702 shares of Expedia Group stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the sale, the insider directly owned 105,448 shares of the company’s stock, valued at $24,569,384. The trade was a 4.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.20% of the company’s stock.

Expedia Group Company Profile

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third?party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.