Craig Jacobson Sells 3,133 Shares of Expedia Group (NASDAQ:EXPE) Stock

Key Points

• Director Craig Jacobson sold 3,133 Expedia shares for approximately $1.03 million at an average price of $328.52, reducing his direct holdings by 9.5% to 29,832 shares.
• Expedia’s latest quarterly results exceeded expectations, with EPS of $5.76 versus $5.22 expected and revenue of $4.32 billion, up 14% year over year.
• The stock traded at $318.50, while analysts maintained an overall “Hold” consensus with an average price target of $311.76; Expedia also declared a quarterly dividend of $0.48 per share.

Expedia Group, Inc. (NASDAQ:EXPE - Get Free Report) Director Craig Jacobson sold 3,133 shares of the firm's stock in a transaction dated Thursday, August 13th. The stock was 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 $9,800,408.64. This represents a 9.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE traded down $14.19 during trading on Monday, hitting $318.50. 1,637,705 shares of the company traded hands, compared to its average volume of 2,054,149. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21. The business's fifty day moving average is $270.55 and its 200-day moving average is $246.01. The stock has a market capitalization of $38.23 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 0.81 and a beta of 1.22. Expedia Group, Inc. has a one year low of $185.34 and a one year high of $335.00.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly 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. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.17 billion. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The business's revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted $4.24 EPS. As a group, equities analysts predict that Expedia Group, Inc. will post 17.15 earnings per share 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. Stockholders of record on Thursday, August 27th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $1.92 annualized dividend and a dividend yield of 0.6%. Expedia Group's payout ratio is 11.97%.

Analyst Ratings Changes

Several brokerages have weighed in on EXPE. BMO Capital Markets reiterated a "market perform" rating and set a $285.00 price target on shares of Expedia Group in a research report on Friday, August 7th. Evercore restated an "outperform" rating on shares of Expedia Group in a research note on Thursday, August 6th. Cantor Fitzgerald increased their target price on shares of Expedia Group from $255.00 to $310.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. TD Cowen raised 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, Piper Sandler restated a "neutral" rating and set a $325.00 price target (up from $245.00) on shares of Expedia Group in a research report on Thursday, August 6th. Seventeen equities research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $311.76.

Hedge Funds Weigh In On Expedia Group

Several large investors have recently made changes to their positions in the business. Motiv8 Investments LLC bought a new stake in shares of Expedia Group in the 4th quarter worth approximately $25,000. Entrust Financial LLC bought a new stake in Expedia Group during the fourth quarter worth approximately $26,000. First Bancorp Inc ME acquired a new position in Expedia Group in the second quarter worth approximately $28,000. Sunbelt Securities Inc. grew its position in Expedia Group by 970.6% in the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company's stock worth $39,000 after buying an additional 165 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Expedia Group by 272.9% in the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company's stock valued at $46,000 after buying an additional 131 shares in the last quarter. Institutional investors own 90.76% of the company's stock.

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.

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