Expedia Group (NASDAQ:EXPE) CAO Sells $208,548.40 in Stock

Key Points

• Expedia Group CAO Lance Soliday sold 940 shares on May 26 at an average price of $221.86, totaling about $208,548. After the sale, he still held 14,083 shares valued at roughly $3.12 million.
• Expedia reported stronger-than-expected quarterly results, with EPS of $1.96 versus the $1.41 consensus and revenue of $3.43 billion, up 14.7% year over year.
• The company also announced a quarterly dividend of $0.48 per share, payable June 18, which works out to an annualized yield of about 0.8%.

Expedia Group, Inc. (NASDAQ:EXPE - Get Free Report) CAO Lance Soliday sold 940 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the sale, the chief accounting officer owned 14,083 shares of the company's stock, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Expedia Group Stock Up 0.4%

EXPE stock traded up $0.99 during midday trading on Thursday, reaching $227.55. The company had a trading volume of 975,288 shares, compared to its average volume of 2,291,401. Expedia Group, Inc. has a 1 year low of $160.00 and a 1 year high of $303.80. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. The company has a market capitalization of $27.88 billion, a P/E ratio of 20.03, a PEG ratio of 0.69 and a beta of 1.30. The company has a 50 day moving average of $235.86 and a two-hundred day moving average of $249.56.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the firm earned $0.40 EPS. The company's revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts expect that Expedia Group, Inc. will post 16.76 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th will be given a $0.48 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. Expedia Group's dividend payout ratio is presently 16.90%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EXPE. Wells Fargo & Company cut their target price on shares of Expedia Group from $310.00 to $307.00 and set an "equal weight" rating for the company in a research report on Friday, May 8th. TD Cowen raised their price target on shares of Expedia Group from $260.00 to $285.00 and gave the company a "hold" rating in a report on Wednesday, April 22nd. Weiss Ratings downgraded shares of Expedia Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Expedia Group from $244.00 to $230.00 and set a "hold" rating on the stock in a report on Monday, May 18th. Finally, BMO Capital Markets raised their price target on shares of Expedia Group from $250.00 to $255.00 and gave the company a "market perform" rating in a report on Friday, February 13th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $284.42.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Orion Porfolio Solutions LLC raised its holdings in Expedia Group by 0.4% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 9,814 shares of the online travel company's stock worth $2,098,000 after acquiring an additional 38 shares during the period. RHS Financial LLC raised its holdings in Expedia Group by 4.0% in the 4th quarter. RHS Financial LLC now owns 1,030 shares of the online travel company's stock worth $292,000 after acquiring an additional 40 shares during the period. Petredis Investment Advisors LLC raised its holdings in Expedia Group by 3.2% in the 1st quarter. Petredis Investment Advisors LLC now owns 1,305 shares of the online travel company's stock worth $301,000 after acquiring an additional 40 shares during the period. Geneos Wealth Management Inc. raised its holdings in Expedia Group by 8.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 567 shares of the online travel company's stock worth $161,000 after acquiring an additional 43 shares during the period. Finally, Harbor Investment Advisory LLC raised its holdings in Expedia Group by 16.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 319 shares of the online travel company's stock worth $90,000 after acquiring an additional 44 shares during the period. Institutional investors own 90.76% of the company's stock.

Expedia Group Company Profile

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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