Point72 Asset Management L.P. lifted its stake in Expedia Group Inc (NASDAQ:EXPE) by 4,083.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 298,504 shares of the online travel company’s stock after buying an additional 291,369 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.20% of Expedia Group worth $39,710,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in shares of Expedia Group in the second quarter valued at approximately $28,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Expedia Group in the 2nd quarter worth $41,000. Glassman Wealth Services lifted its holdings in shares of Expedia Group by 404.3% in the 2nd quarter. Glassman Wealth Services now owns 353 shares of the online travel company’s stock worth $47,000 after buying an additional 283 shares during the period. Thor Advisors LLC purchased a new stake in shares of Expedia Group in the 1st quarter worth $65,000. Finally, FinTrust Capital Advisors LLC lifted its holdings in shares of Expedia Group by 1,381.8% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 489 shares of the online travel company’s stock worth $65,000 after buying an additional 456 shares during the period. Hedge funds and other institutional investors own 80.03% of the company’s stock.
In related news, Director Susan C. Athey sold 2,425 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $134.59, for a total value of $326,380.75. Following the completion of the sale, the director now owns 1,462 shares of the company’s stock, valued at $196,770.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Craig A. Jacobson sold 3,300 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $130.53, for a total value of $430,749.00. Following the completion of the sale, the director now directly owns 30,480 shares of the company’s stock, valued at approximately $3,978,554.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,671 shares of company stock valued at $9,001,333. Insiders own 20.96% of the company’s stock.
Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, July 25th. The online travel company reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.07. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company posted $1.45 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Expedia Group Inc will post 5.8 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 22nd were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Wednesday, August 21st. This is a boost from Expedia Group’s previous quarterly dividend of $0.32. Expedia Group’s dividend payout ratio (DPR) is currently 28.27%.
A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on Expedia Group from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Citigroup set a $140.00 price target on shares of Expedia Group and gave the stock a “hold” rating in a research report on Friday, July 26th. Argus raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Wednesday, July 31st. Standpoint Research began coverage on shares of Expedia Group in a research report on Tuesday, July 16th. They set a “buy” rating and a $180.00 price target on the stock. Finally, TheStreet raised shares of Expedia Group from a “c+” rating to an “a-” rating in a research report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $152.57.
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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