Expedia Group (NASDAQ:EXPE) Director Sells $1,029,253.16 in Stock

Expedia Group, Inc. (NASDAQ:EXPE) Director Craig Jacobson sold 3,133 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $328.52, for a total value of $1,029,253.16. Following the transaction, the director owned 29,832 shares in the company, valued at approximately $9,800,408.64. This trade represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $326.27 on Thursday. The business has a fifty day moving average price of $276.35 and a two-hundred day moving average price of $247.15. The stock 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 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, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $335.00.

Expedia Group (NASDAQ:EXPE) last released its earnings results 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. 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 for the quarter, compared to analyst estimates of $4.17 billion. During the same period in the prior year, the firm posted $4.24 EPS. Expedia Group’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, equities analysts predict that Expedia Group, Inc. will post 17.15 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

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

Institutional Investors Weigh In On Expedia Group

A number of institutional investors have recently added to or reduced their stakes in EXPE. Corient Private Wealth LLC increased its position in Expedia Group by 17.8% during the 4th quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company’s stock valued at $17,344,000 after purchasing an additional 9,256 shares during the period. Plato Investment Management Ltd bought a new stake in Expedia Group in the second quarter valued at $2,562,000. Lombard Odier Asset Management Switzerland SA bought a new stake in Expedia Group in the 1st quarter valued at about $910,000. Lmcg Investments LLC raised its position in shares of Expedia Group by 276.0% during the fourth quarter. Lmcg Investments LLC now owns 9,655 shares of the online travel company’s stock worth $2,735,000 after purchasing an additional 7,087 shares during the period. Finally, North Dakota State Investment Board acquired a new position in Expedia Group during the fourth quarter worth $3,027,000. 90.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EXPE. Wall Street Zen cut shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Jefferies Financial Group increased their price target on shares of Expedia Group from $300.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Benchmark lifted their price objective on shares of Expedia Group from $290.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Evercore restated an “outperform” rating on shares of Expedia Group in a research report on Thursday, August 6th. Finally, Susquehanna upped their target price on Expedia Group from $250.00 to $315.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. 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 an average rating of “Hold” and an average price target of $311.76.

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.