Field & Main Bank Takes Position in Expedia Group, Inc. $EXPE

Field & Main Bank acquired a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,552 shares of the online travel company’s stock, valued at approximately $397,000.

Several other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new stake in Expedia Group during the 4th quarter worth about $861,979,000. Wellington Management Group LLP lifted its holdings in shares of Expedia Group by 24,899.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after buying an additional 1,801,232 shares during the period. AQR Capital Management LLC boosted its stake in shares of Expedia Group by 25.0% in the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after buying an additional 728,063 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Expedia Group in the second quarter worth about $166,203,000. Finally, First Trust Advisors LP grew its holdings in Expedia Group by 104.1% during the first quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock worth $275,112,000 after acquiring an additional 607,698 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EXPE. Citigroup reiterated a “neutral” rating on shares of Expedia Group in a research report on Wednesday, August 12th. Wall Street Zen cut shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Morgan Stanley lifted their target price on shares of Expedia Group from $290.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. TD Cowen boosted their target price on shares of Expedia Group from $285.00 to $320.00 and gave the company a “hold” rating in a research note on Friday, August 7th. 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 note on Wednesday, May 13th. Eighteen analysts have rated the stock with a Buy rating and twenty-one have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $317.45.

Insiders Place Their Bets

In other Expedia Group news, Director Craig A. Jacobson sold 3,133 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the completion of the transaction, the director directly owned 29,832 shares in the company, valued at approximately $9,800,408.64. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 2,810 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total transaction of $909,456.50. Following the transaction, the chief accounting officer directly owned 12,006 shares in the company, valued at approximately $3,885,741.90. The trade was a 18.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 16,652 shares of company stock worth $4,977,561. Company insiders own 5.20% of the company’s stock.

Expedia Group Stock Up 3.3%

Shares of EXPE opened at $329.44 on Friday. 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 12 month low of $185.34 and a 12 month high of $342.00. The stock’s 50 day moving average is $289.42 and its two-hundred day moving average is $251.18. The firm has a market cap of $39.54 billion, a P/E ratio of 20.54, a PEG ratio of 0.78 and a beta of 1.22.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share 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 business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.17 billion. During the same period in the prior year, the company posted $4.24 EPS. The business’s quarterly revenue was up 14.0% on a year-over-year basis. Analysts predict that Expedia Group, Inc. will post 17.15 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

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

About Expedia Group

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.