Expedia Group, Inc. (NASDAQ:EXPE) Insider Sells $663,977.04 in Stock

Key Points

• Insider Selling: Expedia Group's insider, Robert J. Dzielak, sold 3,306 shares of stock for a total of $663,977.04, reducing his ownership by 4.11% to 77,075 shares.
• Quarterly Earnings Beat Estimates: The company reported earnings of $4.24 per share, exceeding the consensus estimate of $4.13, with a revenue of $3.79 billion for the quarter.
• Dividend Announcement: Expedia Group declared a quarterly dividend of $0.40 per share, with a payout date of September 18th, representing an annual yield of 0.8%.

Expedia Group, Inc. (NASDAQ:EXPE - Get Free Report) insider Robert J. Dzielak sold 3,306 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $200.84, for a total value of $663,977.04. Following the completion of the sale, the insider owned 77,075 shares of the company's stock, valued at $15,479,743. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Expedia Group Stock Down 1.2%

NASDAQ EXPE traded down $2.48 during trading hours on Thursday, hitting $207.20. The company's stock had a trading volume of 2,379,462 shares, compared to its average volume of 2,129,763. Expedia Group, Inc. has a 52 week low of $126.46 and a 52 week high of $213.00. The company has a market capitalization of $26.34 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 1.01 and a beta of 1.61. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 2.14. The company's 50-day simple moving average is $178.64 and its two-hundred day simple moving average is $173.28.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share for the quarter, beating the consensus estimate of $4.13 by $0.11. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The business had revenue of $3.79 billion for the quarter, compared to analysts' expectations of $3.70 billion. During the same quarter last year, the firm earned $3.51 EPS. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. Research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. Expedia Group's dividend payout ratio (DPR) is currently 19.61%.

Hedge Funds Weigh In On Expedia Group

Several hedge funds have recently modified their holdings of EXPE. First Horizon Advisors Inc. raised its stake in shares of Expedia Group by 4.3% during the second quarter. First Horizon Advisors Inc. now owns 1,346 shares of the online travel company's stock valued at $227,000 after acquiring an additional 55 shares during the last quarter. New York Life Investment Management LLC increased its position in shares of Expedia Group by 0.4% during the second quarter. New York Life Investment Management LLC now owns 16,789 shares of the online travel company's stock valued at $2,832,000 after buying an additional 64 shares during the period. Altman Advisors Inc. increased its position in shares of Expedia Group by 0.5% during the first quarter. Altman Advisors Inc. now owns 13,338 shares of the online travel company's stock valued at $2,093,000 after buying an additional 65 shares during the period. UMB Bank n.a. increased its position in shares of Expedia Group by 14.1% during the first quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock valued at $94,000 after buying an additional 69 shares during the period. Finally, Consilio Wealth Advisors LLC increased its position in shares of Expedia Group by 4.1% during the second quarter. Consilio Wealth Advisors LLC now owns 1,786 shares of the online travel company's stock valued at $305,000 after buying an additional 71 shares during the period. Institutional investors own 90.76% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on EXPE. Wells Fargo & Company restated a "positive" rating on shares of Expedia Group in a report on Friday, August 8th. Piper Sandler set a $190.00 price objective on Expedia Group and gave the company an "underweight" rating in a report on Friday, August 8th. Barclays increased their price objective on Expedia Group from $190.00 to $197.00 and gave the company an "equal weight" rating in a report on Friday, August 8th. DA Davidson set a $218.00 price objective on Expedia Group and gave the company a "neutral" rating in a report on Friday, August 8th. Finally, Wedbush increased their price objective on Expedia Group from $175.00 to $220.00 and gave the company a "neutral" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $205.63.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.

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