Martingale Asset Management L P purchased a new stake in Expedia Group Inc (NASDAQ:EXPE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,403 shares of the online travel company’s stock, valued at approximately $609,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Bridge LLC bought a new stake in shares of Expedia Group in the 4th quarter valued at about $35,000. Rational Advisors LLC bought a new stake in shares of Expedia Group in the 4th quarter valued at about $38,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Expedia Group by 47.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 419 shares of the online travel company’s stock valued at $47,000 after buying an additional 135 shares during the last quarter. River Wealth Advisors LLC grew its position in shares of Expedia Group by 50.0% in the 4th quarter. River Wealth Advisors LLC now owns 540 shares of the online travel company’s stock valued at $61,000 after buying an additional 180 shares during the last quarter. Finally, First Interstate Bank bought a new stake in shares of Expedia Group in the 4th quarter valued at about $93,000. Hedge funds and other institutional investors own 79.04% of the company’s stock.
In other news, insider Lance A. Soliday sold 1,749 shares of the company’s stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $116.70, for a total value of $204,108.30. Following the completion of the transaction, the insider now directly owns 6,393 shares of the company’s stock, valued at $746,063.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dara Khosrowshahi sold 50,000 shares of the stock in a transaction on Friday, February 8th. The shares were sold at an average price of $130.31, for a total value of $6,515,500.00. Following the transaction, the director now directly owns 462,910 shares of the company’s stock, valued at $60,321,802.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,508 shares of company stock valued at $15,999,089. 20.96% of the stock is currently owned by corporate insiders.
EXPE stock opened at $120.80 on Friday. The company has a market capitalization of $17.74 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 1.51 and a beta of 0.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.64. Expedia Group Inc has a 12-month low of $104.16 and a 12-month high of $139.77.
Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 7th. The online travel company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.50. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.55 billion. Expedia Group had a return on equity of 12.96% and a net margin of 3.62%. Expedia Group’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. Analysts anticipate that Expedia Group Inc will post 5.95 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Thursday, March 7th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Wednesday, March 6th. Expedia Group’s dividend payout ratio is presently 26.61%.
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About Expedia Group
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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