Robert Dzielak Sells 2,000 Shares of Expedia Group (NASDAQ:EXPE) Stock

Expedia Group, Inc. (NASDAQ:EXPE) insider Robert Dzielak sold 2,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $330.50, for a total transaction of $661,000.00. Following the transaction, the insider owned 105,335 shares of the company’s stock, valued at approximately $34,813,217.50. This trade represents a 1.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Expedia Group Trading Up 1.5%

Shares of Expedia Group stock opened at $326.27 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21. Expedia Group, Inc. has a twelve month low of $185.34 and a twelve month high of $335.00. The firm has a market capitalization of $39.16 billion, a PE ratio of 20.34, a P/E/G ratio of 0.79 and a beta of 1.22. The firm’s 50-day moving average price is $276.35 and its 200 day moving average price is $247.15.

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

Expedia Group Announces Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on EXPE. Wedbush reaffirmed an “outperform” rating and set a $334.00 target price on shares of Expedia Group in a research note on Thursday, August 6th. Argus increased their target price on shares of Expedia Group from $270.00 to $315.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Barclays raised their price target on shares of Expedia Group from $264.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Robert W. Baird set a $335.00 price target on shares of Expedia Group in a research report on Thursday, August 6th. Finally, Jefferies Financial Group upped their price objective on shares of Expedia Group from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Seventeen equities research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $311.76.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. New Mexico Educational Retirement Board raised its stake in Expedia Group by 5.5% during the second quarter. New Mexico Educational Retirement Board now owns 5,778 shares of the online travel company’s stock worth $1,478,000 after purchasing an additional 300 shares during the period. Mufg Securities Americas Inc. grew its stake in shares of Expedia Group by 6.5% in the 2nd quarter. Mufg Securities Americas Inc. now owns 3,449 shares of the online travel company’s stock valued at $883,000 after buying an additional 211 shares during the period. Field & Main Bank purchased a new stake in shares of Expedia Group in the 2nd quarter valued at approximately $397,000. Wellington Management Group LLP increased its holdings in shares of Expedia Group by 67.7% during the 2nd quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company’s stock worth $199,622,000 after buying an additional 314,984 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Expedia Group during the 2nd quarter worth approximately $18,126,000. Institutional investors and hedge funds own 90.76% 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.