Robert J. Dzielak Sells 2,658 Shares of Expedia Group, Inc. (NASDAQ:EXPE) Stock

Key Points

• Robert J. Dzielak, an insider at Expedia Group, sold 2,658 shares of stock, decreasing his holdings by 3.45% and valuing his remaining shares at approximately $15.3 million.
• Expedia Group's stock recently traded down 1.2%, reaching $207.20 after a positive earnings report that beat analysts' expectations.
• The company declared a quarterly dividend of $0.40 per share, resulting in an annualized yield of 0.8% and a payout ratio of 19.61%.

Expedia Group, Inc. (NASDAQ:EXPE - Get Free Report) insider Robert J. Dzielak sold 2,658 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $205.57, for a total transaction of $546,405.06. Following the sale, the insider owned 74,417 shares in the company, valued at approximately $15,297,902.69. This trade represents a 3.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Expedia Group Stock Down 1.2%

Shares of Expedia Group stock traded down $2.48 during midday trading on Thursday, reaching $207.20. 2,379,462 shares of the company's stock traded hands, compared to its average volume of 2,129,763. The company has a market cap of $26.34 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 1.01 and a beta of 1.61. The company's 50 day simple moving average is $178.64 and its 200 day simple moving average is $173.28. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.73 and a current ratio of 0.75. Expedia Group, Inc. has a 52 week low of $126.46 and a 52 week high of $213.00.

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

Expedia Group Announces Dividend

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

Analysts Set New Price Targets

EXPE has been the topic of several research reports. Citigroup increased their price objective on shares of Expedia Group from $177.00 to $206.00 and gave the stock a "neutral" rating in a research note on Wednesday. BTIG Research set a $250.00 price objective on shares of Expedia Group and gave the stock a "buy" rating in a research note on Friday, August 8th. Benchmark increased their price objective on shares of Expedia Group from $215.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Truist Financial dropped their price target on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a research note on Tuesday, June 24th. Finally, Wells Fargo & Company restated a "positive" rating on shares of Expedia Group in a research note on Friday, August 8th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $205.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC bought a new position in Expedia Group in the 4th quarter worth $408,000. Rockefeller Capital Management L.P. acquired a new stake in Expedia Group in the 4th quarter worth $10,948,000. Townsquare Capital LLC grew its position in Expedia Group by 1.7% in the 4th quarter. Townsquare Capital LLC now owns 6,140 shares of the online travel company's stock worth $1,144,000 after purchasing an additional 100 shares during the last quarter. Mariner LLC grew its position in Expedia Group by 821.3% in the 4th quarter. Mariner LLC now owns 251,940 shares of the online travel company's stock worth $46,944,000 after purchasing an additional 224,593 shares during the last quarter. Finally, Belpointe Asset Management LLC acquired a new stake in Expedia Group in the 4th quarter worth $279,000. Institutional investors own 90.76% of the company's stock.

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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