41,041 Expedia Group, Inc. $EXPE Shares Sold by Annex Advisory Services LLC

Annex Advisory Services LLC cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 30.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 95,708 shares of the online travel company's stock after selling 41,041 shares during the period. Annex Advisory Services LLC owned 0.08% of Expedia Group worth $25,206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EXPE. Bank of New York Mellon Corp acquired a new position in Expedia Group during the second quarter valued at approximately $166,203,000. First Trust Advisors LP boosted its position in Expedia Group by 104.1% during the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company's stock worth $275,112,000 after purchasing an additional 607,698 shares during the period. Wellington Management Group LLP boosted its position in Expedia Group by 67.7% during the 2nd quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company's stock worth $199,622,000 after purchasing an additional 314,984 shares during the period. SEB Asset Management AB acquired a new stake in Expedia Group in the 1st quarter valued at $53,254,000. Finally, KBC Group NV increased its holdings in Expedia Group by 201.3% in the 1st quarter. KBC Group NV now owns 276,150 shares of the online travel company's stock valued at $63,761,000 after purchasing an additional 184,507 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Expedia Group

In related news, CAO Lance Soliday sold 2,810 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total value of $909,456.50. Following the sale, the chief accounting officer owned 12,006 shares of the company's stock, valued at $3,885,741.90. This trade represents a 18.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Dzielak sold 3,003 shares of Expedia Group stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $315.00, for a total transaction of $945,945.00. Following the completion of the sale, the insider owned 103,829 shares in the company, valued at approximately $32,706,135. This represents a 2.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 11,950 shares of company stock worth $3,881,995. Insiders own 5.20% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EXPE shares. Citigroup restated a "neutral" rating on shares of Expedia Group in a report on Wednesday, August 12th. BMO Capital Markets reiterated a "market perform" rating and set a $285.00 price objective on shares of Expedia Group in a research note on Friday, August 7th. Wells Fargo & Company reduced their target price on shares of Expedia Group from $307.00 to $275.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 7th. Morgan Stanley cut shares of Expedia Group from an "equal weight" rating to an "underweight" rating and set a $235.00 target price on the stock. in a research report on Wednesday, September 16th. Finally, The Goldman Sachs Group set a $370.00 target price on shares of Expedia Group in a research note on Thursday, August 6th. Eighteen research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $315.24.

Expedia Group Price Performance

EXPE opened at $288.95 on Friday. 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 company's 50-day moving average price is $292.94 and its 200 day moving average price is $264.41. Expedia Group, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $342.00. The firm has a market cap of $34.68 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, beating analysts' consensus estimates of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.17 billion. During the same period in the previous year, the firm posted $4.24 earnings per share. Expedia Group's quarterly revenue was up 14.0% compared to the same quarter last year. As a group, sell-side analysts expect that Expedia Group, Inc. will post 17.26 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th were given a dividend of $0.48 per share. The ex-dividend date was Thursday, August 27th. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. Expedia Group's dividend payout ratio is currently 11.97%.

About Expedia Group

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its platforms support the search, comparison and booking of lodging, air travel, car rentals, cruises, vacation packages, activities and other travel-related offerings.

The company operates a portfolio of consumer brands that includes Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these brands, Expedia Group serves individual travelers, property owners, travel suppliers and business partners across markets in North America, Europe, Asia-Pacific and other international regions.

Expedia Group traces its origins to Expedia, which was established within Microsoft in 1996 and became an independent public company in 1999.

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