Expedia Group, Inc. $EXPE Shares Sold by Financial Advisors Network Inc.

Key Points

• Financial Advisors Network Inc. significantly reduced its stake in Expedia Group, Inc. by 94.2%, now holding only 1,597 shares worth approximately $268,000 after selling 25,941 shares in the first quarter.
• Other institutional investors like Korea Investment CORP and Freestone Capital Holdings LLC have increased their positions in Expedia Group, indicating active interest from hedge funds despite the reduction from Financial Advisors Network Inc.
• Expedia Group declared a quarterly dividend of $0.40 per share, representing an annualized dividend yield of 0.8%, with a payout ratio of 19.61% as of the latest earnings report.

Financial Advisors Network Inc. reduced its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 94.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,597 shares of the online travel company's stock after selling 25,941 shares during the period. Financial Advisors Network Inc.'s holdings in Expedia Group were worth $268,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in EXPE. Korea Investment CORP increased its position in shares of Expedia Group by 55.1% during the first quarter. Korea Investment CORP now owns 177,934 shares of the online travel company's stock worth $29,911,000 after purchasing an additional 63,244 shares in the last quarter. Northern Trust Corp boosted its stake in Expedia Group by 4.4% during the 1st quarter. Northern Trust Corp now owns 1,331,482 shares of the online travel company's stock worth $223,822,000 after purchasing an additional 55,575 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Expedia Group by 97.0% during the first quarter. Brooklyn Investment Group now owns 654 shares of the online travel company's stock worth $110,000 after buying an additional 322 shares in the last quarter. Freestone Capital Holdings LLC raised its position in shares of Expedia Group by 635.9% in the first quarter. Freestone Capital Holdings LLC now owns 15,968 shares of the online travel company's stock valued at $2,684,000 after buying an additional 13,798 shares during the last quarter. Finally, Corient IA LLC acquired a new stake in shares of Expedia Group in the first quarter valued at about $336,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Analyst Upgrades and Downgrades

EXPE has been the subject of several research reports. Susquehanna upped their price objective on shares of Expedia Group from $175.00 to $200.00 and gave the company a "neutral" rating in a research note on Monday, August 11th. DA Davidson boosted their target price on Expedia Group from $174.00 to $218.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. BTIG Research set a $250.00 price target on Expedia Group and gave the company a "buy" rating in a report on Friday, August 8th. Barclays lifted their price objective on Expedia Group from $190.00 to $197.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 target price on shares of Expedia Group in a report on Wednesday, July 23rd. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $205.63.

Expedia Group Trading Down 0.4%

Shares of Expedia Group stock opened at $206.67 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The company has a fifty day simple moving average of $180.54 and a 200-day simple moving average of $174.07. The stock has a market cap of $25.57 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 1.03 and a beta of 1.61. Expedia Group, Inc. has a 12-month low of $126.46 and a 12-month high of $213.00.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.13 by $0.11. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter last year, the company posted $3.51 earnings per share. The business's quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 28th. Expedia Group's payout ratio is presently 19.61%.

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 3,306 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $200.84, for a total value of $663,977.04. Following the completion of the sale, the insider owned 77,075 shares in the company, valued at $15,479,743. This represents a 4.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.13% of the stock is owned by insiders.

About Expedia Group

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.

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