Expedia Group (NASDAQ:EXPE) CAO Lance Soliday Sells 940 Shares

Expedia Group, Inc. (NASDAQ:EXPE) CAO Lance Soliday sold 940 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total value of $208,548.40. Following the transaction, the chief accounting officer owned 14,083 shares in the company, valued at $3,124,454.38. The trade was a 6.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Expedia Group Stock Performance

NASDAQ EXPE opened at $227.55 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. The business’s 50 day moving average is $235.59 and its two-hundred day moving average is $249.34. Expedia Group, Inc. has a 12-month low of $160.00 and a 12-month high of $303.80. The stock has a market capitalization of $27.88 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 0.69 and a beta of 1.30.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. Research analysts expect that Expedia Group, Inc. will post 17.07 EPS for the current year.

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, May 28th. This represents a $1.92 annualized dividend and a yield of 0.8%. Expedia Group’s payout ratio is presently 16.90%.

Hedge Funds Weigh In On Expedia Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXPE. Brighton Jones LLC acquired a new position in Expedia Group during the fourth quarter worth about $408,000. NewEdge Advisors LLC lifted its stake in Expedia Group by 5.0% in the 1st quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock valued at $917,000 after buying an additional 259 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Expedia Group in the 2nd quarter valued at approximately $596,000. Daiwa Securities Group Inc. lifted its stake in Expedia Group by 6.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 21,265 shares of the online travel company’s stock valued at $3,587,000 after buying an additional 1,290 shares in the last quarter. Finally, AXA S.A. lifted its stake in Expedia Group by 5.9% in the 2nd quarter. AXA S.A. now owns 11,042 shares of the online travel company’s stock valued at $1,863,000 after buying an additional 615 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Argus dropped their target price on Expedia Group from $345.00 to $250.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Cantor Fitzgerald reiterated a “neutral” rating and set a $240.00 target price on shares of Expedia Group in a research report on Monday, April 27th. Zacks Research cut Expedia Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Robert W. Baird set a $290.00 target price on Expedia Group in a research report on Friday, May 8th. Finally, Bank of America boosted their price target on Expedia Group from $303.00 to $306.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Sixteen equities research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company’s stock. According to MarketBeat, Expedia Group presently has a consensus rating of “Hold” and a consensus target price of $284.42.

Expedia Group Company Profile

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.