Expedia Group, Inc. $EXPE Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC decreased its position in Expedia Group, Inc. (NASDAQ:EXPE) by 55.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,562 shares of the online travel company’s stock after selling 9,351 shares during the period. NewEdge Advisors LLC’s holdings in Expedia Group were worth $1,746,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EXPE. Motiv8 Investments LLC acquired a new position in Expedia Group during the 4th quarter worth approximately $25,000. Entrust Financial LLC purchased a new position in shares of Expedia Group during the 4th quarter worth approximately $26,000. Sunbelt Securities Inc. lifted its holdings in shares of Expedia Group by 970.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock valued at $39,000 after buying an additional 165 shares during the period. DV Equities LLC acquired a new stake in shares of Expedia Group in the 4th quarter valued at approximately $46,000. Finally, Cache Advisors LLC purchased a new stake in shares of Expedia Group in the first quarter valued at approximately $48,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Expedia Group

In other news, CAO Lance A. Soliday sold 940 shares of Expedia Group stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the transaction, the chief accounting officer owned 14,083 shares of the company’s stock, valued at $3,124,454.38. The trade was a 6.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 4,702 shares of the business’s 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 completion of the sale, the insider owned 105,448 shares in the company, valued at $24,569,384. This represents a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,645 shares of company stock valued at $2,250,059 in the last ninety days. Corporate insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on EXPE shares. Susquehanna upped their price objective on Expedia Group from $250.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Truist Financial raised their target price on Expedia Group from $246.00 to $309.00 and gave the company a “hold” rating in a report on Monday, August 3rd. BTIG Research boosted their target price on shares of Expedia Group from $330.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. DA Davidson lowered their price target on shares of Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Finally, Royal Bank Of Canada increased their price target on shares of Expedia Group from $290.00 to $330.00 and gave the company a “sector perform” rating in a report on Thursday, August 6th. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Expedia Group currently has an average rating of “Hold” and an average target price of $311.76.

Expedia Group Stock Performance

EXPE opened at $332.69 on Friday. Expedia Group, Inc. has a 1-year low of $185.34 and a 1-year high of $333.24. The stock has a market cap of $39.93 billion, a P/E ratio of 20.74, a P/E/G ratio of 0.81 and a beta of 1.22. The stock’s 50 day simple moving average is $270.55 and its 200 day simple moving average is $246.18. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.22 by $0.54. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.17 billion. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.Expedia Group’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm posted $4.24 earnings per share. As a group, equities analysts anticipate that Expedia Group, Inc. will post 17.15 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th will be given a $0.48 dividend. The ex-dividend date is Thursday, August 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.6%. Expedia Group’s dividend payout ratio (DPR) is currently 11.97%.

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.