Expedia Group, Inc. $EXPE Stock: Banque Pictet & Cie SA Decreases Holdings

Key Points

• Banque Pictet & Cie SA reduced its Expedia Group stake by 6.1% in the third quarter, selling 3,889 shares and retaining 59,549 shares valued at approximately $15.7 million. Institutional investors collectively own 90.76% of EXPE.
• Expedia reported quarterly EPS of $5.76 and revenue of $4.32 billion, exceeding analyst estimates of $5.22 and $4.17 billion, respectively. Revenue increased 14% year over year.
• Analyst sentiment remains mixed, with EXPE carrying an average “Hold” rating and a consensus price target of $315.24; the stock opened at $288.95, while recent insider sales totaled nearly $3.9 million.

Banque Pictet & Cie SA reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 6.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 59,549 shares of the online travel company's stock after selling 3,889 shares during the period. Banque Pictet & Cie SA's holdings in Expedia Group were worth $15,683,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EXPE. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Expedia Group in the third quarter worth about $146,000. Milestone Asset Management LLC grew its stake in Expedia Group by 180.1% in the 3rd quarter. Milestone Asset Management LLC now owns 33,734 shares of the online travel company's stock valued at $8,884,000 after acquiring an additional 21,689 shares during the period. Triasima Portfolio Management inc. purchased a new stake in Expedia Group in the 3rd quarter worth $3,260,000. Ninety One UK Ltd increased its holdings in Expedia Group by 21.2% in the 3rd quarter. Ninety One UK Ltd now owns 1,179 shares of the online travel company's stock worth $311,000 after acquiring an additional 206 shares in the last quarter. Finally, WealthPlan Investment Management LLC purchased a new stake in Expedia Group in the 3rd quarter worth $216,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Trading Down 1.0%

Shares of Expedia Group stock opened at $288.95 on Friday. Expedia Group, Inc. has a 12-month low of $185.34 and a 12-month high of $342.00. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21. The stock has a market cap of $34.68 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The company has a 50-day moving average of $292.94 and a two-hundred day moving average of $264.41.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) 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%. The company's revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the firm earned $4.24 EPS. On average, research analysts anticipate that Expedia Group, Inc. will post 17.26 EPS for the current fiscal year.

Expedia Group Dividend Announcement

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

Analyst Ratings Changes

EXPE has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Expedia Group from $307.00 to $275.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 7th. Barclays boosted their target price on shares of Expedia Group from $264.00 to $320.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 6th. B. Riley Financial upped their price target on shares of Expedia Group from $350.00 to $390.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Morgan Stanley downgraded shares of Expedia Group from an "equal weight" rating to an "underweight" rating and set a $235.00 price target for the company. in a research report on Wednesday, September 16th. Finally, Wall Street Zen lowered shares of Expedia Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 10th. Eighteen research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $315.24.

Insider Buying and Selling

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

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.