Mercer Global Advisors Inc. ADV Sells 307,182 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Mercer Global Advisors Inc. ADV reduced its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 97.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,606 shares of the online travel company's stock after selling 307,182 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Expedia Group were worth $1,231,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. SRH Advisors LLC acquired a new position in Expedia Group in the 4th quarter worth about $28,000. Sava Infond d.o.o. acquired a new position in Expedia Group during the 4th quarter valued at about $28,000. Grove Bank & Trust grew its holdings in shares of Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock valued at $30,000 after acquiring an additional 142 shares in the last quarter. Prudent Man Investment Management Inc. bought a new position in Expedia Group during the fourth quarter valued at $34,000. Finally, Optiver Holding B.V. bought a new stake in shares of Expedia Group in the fourth quarter valued at approximately $38,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Up 1.3%

Shares of EXPE traded up $2.12 during trading hours on Tuesday, reaching $169.37. The stock had a trading volume of 2,873,923 shares, compared to its average volume of 1,939,326. The company has a market capitalization of $21.82 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 0.92 and a beta of 1.62. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73. The firm has a 50-day simple moving average of $161.22 and a 200 day simple moving average of $175.92.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The business had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.02 billion. During the same period in the prior year, the firm posted $0.21 EPS. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. Equities research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. Expedia Group's dividend payout ratio (DPR) is currently 18.87%.

Analyst Upgrades and Downgrades

EXPE has been the topic of a number of recent analyst reports. Truist Financial raised their target price on shares of Expedia Group from $163.00 to $175.00 and gave the company a "hold" rating in a research note on Wednesday, March 12th. Benchmark decreased their target price on shares of Expedia Group from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Friday. Wedbush restated a "neutral" rating and set a $165.00 price objective (down from $180.00) on shares of Expedia Group in a research report on Friday. JMP Securities reissued a "market perform" rating on shares of Expedia Group in a report on Friday, February 7th. Finally, StockNews.com downgraded shares of Expedia Group from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Expedia Group currently has an average rating of "Moderate Buy" and a consensus price target of $187.88.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total value of $1,028,500.00. Following the completion of the sale, the insider now owns 74,502 shares of the company's stock, valued at $15,325,061.40. This represents a 6.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.80% of the company's stock.

Expedia Group Company Profile

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.