Expedia Group, Inc. $EXPE Shares Sold by Investment House LLC

Key Points

• Investment House LLC cut its Expedia Group stake by 13.8% in the third quarter, selling 9,682 shares and retaining 60,282 shares valued at approximately $15.9 million. Institutional investors collectively own 90.76% of EXPE.
• Expedia reported quarterly earnings of $5.76 per share, exceeding estimates of $5.22, while revenue rose 14% year over year to $4.32 billion. The company also pays a quarterly dividend of $0.48, equivalent to a 0.6% yield.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $316.37; targets in recent reports ranged from $288 to $430. Expedia shares opened at $298.49, versus a 52-week range of $185.34 to $342.00.

Investment House LLC reduced its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 13.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,282 shares of the online travel company's stock after selling 9,682 shares during the quarter. Expedia Group accounts for about 0.7% of Investment House LLC's investment portfolio, making the stock its 28th largest position. Investment House LLC owned 0.05% of Expedia Group worth $15,876,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EXPE. First Bancorp Inc ME purchased a new stake in Expedia Group during the second quarter valued at about $28,000. Elevation Wealth Partners LLC boosted its holdings in shares of Expedia Group by 272.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company's stock worth $46,000 after purchasing an additional 131 shares in the last quarter. CENTRAL TRUST Co boosted its holdings in shares of Expedia Group by 1,147.1% in the 1st quarter. CENTRAL TRUST Co now owns 212 shares of the online travel company's stock worth $49,000 after purchasing an additional 195 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of Expedia Group by 1,618.8% during the 1st quarter. Sound Income Strategies LLC now owns 275 shares of the online travel company's stock valued at $63,000 after purchasing an additional 259 shares during the last quarter. Finally, Coppell Advisory Solutions LLC bought a new position in shares of Expedia Group during the 2nd quarter valued at about $67,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Price Performance

Shares of Expedia Group stock opened at $298.49 on Friday. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. The business's 50 day simple moving average is $290.69 and its two-hundred day simple moving average is $266.56. The stock has a market capitalization of $35.82 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 0.69 and a beta of 1.36. Expedia Group, Inc. has a one year low of $185.34 and a one year high of $342.00.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share 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 firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.17 billion. During the same quarter in the previous year, the company posted $4.24 earnings per share. The business's revenue was up 14.0% on a year-over-year basis. Analysts forecast that Expedia Group, Inc. will post 17.26 EPS for the current year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, August 27th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 27th. Expedia Group's payout ratio is presently 11.97%.

Wall Street Analysts Forecast Growth

EXPE has been the subject of a number of recent research reports. UBS Group boosted their target price on Expedia Group from $322.00 to $351.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 12th. Robert W. Baird set a $335.00 target price on Expedia Group in a research note on Thursday, August 6th. Evercore set a $430.00 price target on shares of Expedia Group in a research report on Monday, August 24th. Truist Financial decreased their price target on shares of Expedia Group from $309.00 to $288.00 and set a "hold" rating on the stock in a research note on Wednesday, September 30th. Finally, Barclays boosted their price objective on shares of Expedia Group from $264.00 to $320.00 and gave the stock an "equal weight" rating in a report on Thursday, August 6th. Eighteen equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $316.37.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 1,004 shares of the firm's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $335.00, for a total value of $336,340.00. Following the sale, the insider owned 104,331 shares of the company's stock, valued at $34,950,885. This trade represents a 0.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig A. Jacobson sold 3,133 shares of the business's stock in a transaction dated 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 completion of the transaction, the director owned 29,832 shares in the company, valued at $9,800,408.64. The trade was a 9.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 11,950 shares of company stock worth $3,881,995 in the last three months. 5.20% of the stock is owned by insiders.

About Expedia Group

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group's consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.

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