Munich Reinsurance Co Stock Corp in Munich acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 62,830 shares of the online travel company's stock, valued at approximately $16,077,000. Munich Reinsurance Co Stock Corp in Munich owned about 0.05% of Expedia Group as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXPE. Motiv8 Investments LLC bought a new position in Expedia Group in the 4th quarter worth about $25,000. Entrust Financial LLC bought a new stake in shares of Expedia Group during the fourth quarter valued at approximately $26,000. First Bancorp Inc ME bought a new stake in shares of Expedia Group during the second quarter valued at approximately $28,000. DV Equities LLC acquired a new position in shares of Expedia Group during the fourth quarter worth approximately $46,000. Finally, Elevation Wealth Partners LLC boosted its position in shares of Expedia Group by 272.9% during the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company's stock worth $46,000 after buying an additional 131 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Expedia Group
In other news, Director Craig Jacobson sold 3,133 shares of the stock in a transaction on 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 sale, the director owned 29,832 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, CAO Lance Soliday sold 2,810 shares of Expedia Group stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total value of $909,456.50. Following the completion of the transaction, the chief accounting officer owned 12,006 shares in the company, valued at $3,885,741.90. The trade was a 18.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 11,950 shares of company stock valued at $3,881,995. Corporate insiders own 5.20% of the company's stock.
Expedia Group Trading Down 1.7%
Shares of EXPE stock opened at $298.04 on Friday. The stock has a 50-day simple moving average of $294.84 and a 200 day simple moving average of $253.83. The stock has a market capitalization of $35.77 billion, a P/E ratio of 18.58, a P/E/G ratio of 0.74 and a beta of 1.25. Expedia Group, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $342.00. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21.
Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating analysts' consensus estimates of $5.22 by $0.54. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. Expedia Group's revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the company earned $4.24 EPS. On average, sell-side analysts expect that Expedia Group, Inc. will post 17.15 earnings per share for the current fiscal year.
Expedia Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be given a $0.48 dividend. The ex-dividend date is Thursday, August 27th. This represents a $1.92 annualized dividend and a yield of 0.6%. Expedia Group's payout ratio is 11.97%.
Wall Street Analyst Weigh In
EXPE has been the topic of several analyst reports. Bank of America restated a "buy" rating on shares of Expedia Group in a research report on Thursday, August 6th. Citigroup reiterated a "neutral" rating on shares of Expedia Group in a research report on Wednesday, August 12th. Jefferies Financial Group raised their price target on Expedia Group from $300.00 to $310.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Barclays lifted their price objective on shares of Expedia Group from $264.00 to $320.00 and gave the company an "equal weight" rating in a research note on Thursday, August 6th. Finally, Argus increased their target price on shares of Expedia Group from $270.00 to $315.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Expedia Group has a consensus rating of "Hold" and an average target price of $318.71.
Get Our Latest Analysis on Expedia Group
Expedia Group Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding EXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expedia Group, Inc. (NASDAQ:EXPE - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Expedia Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Expedia Group wasn't on the list.
While Expedia Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
