Great Lakes Advisors LLC purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 76,541 shares of the online travel company's stock, valued at approximately $19,585,000. Great Lakes Advisors LLC owned about 0.06% of Expedia Group at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Windacre Partnership LLC grew its position in Expedia Group by 9.2% in the third quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company's stock worth $787,049,000 after acquiring an additional 309,900 shares during the period. AQR Capital Management LLC raised its position in Expedia Group by 25.0% in the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company's stock valued at $779,275,000 after purchasing an additional 728,063 shares during the period. Invesco Ltd. lifted its stake in shares of Expedia Group by 8.0% in the 3rd quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company's stock valued at $667,507,000 after purchasing an additional 230,176 shares during the last quarter. Norges Bank acquired a new position in shares of Expedia Group in the 4th quarter valued at $861,979,000. Finally, Wellington Management Group LLP grew its holdings in shares of Expedia Group by 24,899.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company's stock worth $386,560,000 after purchasing an additional 1,801,232 shares during the period. Hedge funds and other institutional investors own 90.76% of the company's stock.
Insiders Place Their Bets
In other news, Director Craig A. Jacobson sold 3,133 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $328.52, for a total value 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. This trade represents a 9.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 940 shares of the firm's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the sale, the chief accounting officer owned 14,083 shares of the company's stock, valued at $3,124,454.38. This trade represents a 6.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 13,778 shares of company stock worth $3,940,313. 5.20% of the stock is owned by corporate insiders.
Expedia Group Trading Up 0.9%
Shares of NASDAQ:EXPE opened at $321.42 on Wednesday. Expedia Group, Inc. has a 52 week low of $185.34 and a 52 week high of $335.00. The company's 50 day moving average is $274.21 and its two-hundred day moving average is $246.77. The company has a market cap of $38.58 billion, a PE ratio of 20.04, a P/E/G ratio of 0.81 and a beta of 1.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21.
Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, beating analysts' consensus estimates of $5.22 by $0.54. The firm had revenue of $4.32 billion for 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 was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $4.24 EPS. Equities analysts predict that Expedia Group, Inc. will post 17.15 earnings per share for the current fiscal year.
Expedia Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, August 27th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 27th. Expedia Group's dividend payout ratio is currently 11.97%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on EXPE shares. Citic Securities reduced their price objective on shares of Expedia Group from $337.00 to $320.00 and set a "buy" rating on the stock in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Expedia Group from $244.00 to $230.00 and set a "hold" rating for the company in a research report on Monday, May 18th. TD Cowen upped their price objective on shares of Expedia Group from $285.00 to $320.00 and gave the stock a "hold" rating in a report on Friday, August 7th. BTIG Research increased their price objective on shares of Expedia Group from $330.00 to $350.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Finally, Gordon Haskett dropped their target price on shares of Expedia Group from $320.00 to $290.00 and set a "buy" rating for the company in a report on Wednesday, May 13th. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company. According to MarketBeat, Expedia Group has a consensus rating of "Hold" and a consensus price target of $311.76.
View Our Latest Analysis on EXPE
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.
Featured Articles
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
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
