CX Institutional Sells 28,708 Shares of Expedia Group, Inc. $EXPE

Key Points

• CX Institutional cut its Expedia Group position by 95.4% in the third quarter, selling 28,708 shares and retaining 1,376 shares worth approximately $362,000. Institutional investors and hedge funds collectively own 90.76% of EXPE.
• Expedia Group reported quarterly EPS of $5.76, beating estimates by $0.54, while revenue rose 14% year over year to $4.32 billion. The company also pays a quarterly dividend of $0.48 per share, equivalent to a 0.7% yield.
• Analyst sentiment remains mixed but generally favorable, with 18 Buy, 21 Hold and one Sell rating; the average price target is $316.18, while several firms raised targets as high as $400.

CX Institutional trimmed its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 95.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,376 shares of the online travel company's stock after selling 28,708 shares during the period. CX Institutional's holdings in Expedia Group were worth $362,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. First Bancorp Inc ME acquired a new stake in shares of Expedia Group in the second quarter valued at about $28,000. Elevation Wealth Partners LLC grew its position in 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. Cache Advisors LLC acquired a new position in Expedia Group during the first quarter worth about $48,000. CENTRAL TRUST Co increased its holdings in Expedia Group by 1,147.1% in the first quarter. CENTRAL TRUST Co now owns 212 shares of the online travel company's stock valued at $49,000 after buying an additional 195 shares in the last quarter. Finally, Sankala Group LLC purchased a new position in Expedia Group in the fourth quarter valued at about $72,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Stock Performance

Expedia Group stock opened at $260.17 on Tuesday. 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 market capitalization of $31.23 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 0.64 and a beta of 1.36. The stock has a fifty day moving average of $298.42 and a two-hundred day moving average of $262.21. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same period in the prior year, the business earned $4.24 earnings per share. The business's revenue was up 14.0% on a year-over-year basis. On average, analysts anticipate that Expedia Group, Inc. will post 17.26 EPS for the current fiscal year.

Expedia Group Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wall Street Zen raised Expedia Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 19th. The Goldman Sachs Group set a $370.00 price objective on Expedia Group in a research note on Thursday, August 6th. B. Riley Financial lifted their price objective on Expedia Group from $350.00 to $390.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. BTIG Research boosted their target price on Expedia Group from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Tuesday, August 25th. Finally, Weiss Ratings raised Expedia Group from a "hold (c)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Eighteen equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $316.18.

Insiders Place Their Bets

In related news, Director Craig A. Jacobson sold 3,133 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the transaction, the director owned 29,832 shares of the company's stock, valued at approximately $9,800,408.64. This represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert J. Dzielak sold 1,004 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $335.00, for a total transaction of $336,340.00. Following the sale, the insider owned 104,331 shares in the company, valued at approximately $34,950,885. This trade represents a 0.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,950 shares of company stock valued at $3,881,995 in the last ninety days. Insiders own 5.20% of the company's stock.

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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