Permit Capital LLC Sells 10,000 Shares of Expedia Group, Inc. $EXPE

Permit Capital LLC trimmed its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 12.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 73,000 shares of the online travel company’s stock after selling 10,000 shares during the period. Expedia Group makes up approximately 6.4% of Permit Capital LLC’s portfolio, making the stock its 3rd biggest holding. Permit Capital LLC’s holdings in Expedia Group were worth $20,682,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Orion Porfolio Solutions LLC boosted its stake in shares of Expedia Group by 0.4% during the third quarter. Orion Porfolio Solutions LLC now owns 9,814 shares of the online travel company’s stock valued at $2,098,000 after purchasing an additional 38 shares in the last quarter. RHS Financial LLC boosted its stake in shares of Expedia Group by 4.0% during the fourth quarter. RHS Financial LLC now owns 1,030 shares of the online travel company’s stock valued at $292,000 after purchasing an additional 40 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Expedia Group by 8.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 567 shares of the online travel company’s stock valued at $161,000 after purchasing an additional 43 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of Expedia Group by 16.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 319 shares of the online travel company’s stock valued at $90,000 after purchasing an additional 44 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in shares of Expedia Group by 78.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after purchasing an additional 44 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Expedia Group

In related news, CAO Lance A. Soliday sold 940 shares of Expedia Group 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 directly owned 14,083 shares of the company’s stock, valued at $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

Expedia Group Price Performance

Expedia Group stock opened at $228.88 on Monday. The stock’s 50 day moving average is $234.33 and its 200 day moving average is $247.79. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market cap of $28.05 billion, a P/E ratio of 20.15, a P/E/G ratio of 0.60 and a beta of 1.25. Expedia Group, Inc. has a one year low of $160.00 and a one year high of $303.80.

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

Expedia Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, May 28th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, May 28th. Expedia Group’s payout ratio is currently 16.90%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Sanford C. Bernstein cut their price target on Expedia Group from $256.00 to $253.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 11th. Bank of America lifted their price target on Expedia Group from $303.00 to $306.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Weiss Ratings lowered Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Argus cut their price target on Expedia Group from $345.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Finally, Wall Street Zen raised Expedia Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Sixteen equities research analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and a consensus target price of $284.42.

Expedia Group 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.