Expedia Group (NASDAQ:EXPE) Director Craig Jacobson Sells 3,133 Shares

Expedia Group, Inc. (NASDAQ:EXPE) Director Craig Jacobson sold 3,133 shares of Expedia Group stock in a transaction on Thursday, August 13th. The stock was 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. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Expedia Group Trading Down 4.3%

Shares of NASDAQ EXPE traded down $14.19 during mid-day trading on Monday, hitting $318.50. 1,637,705 shares of the company traded hands, compared to its average volume of 2,054,149. Expedia Group, Inc. has a 1 year low of $185.34 and a 1 year high of $335.00. The stock has a market capitalization of $38.23 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 0.81 and a beta of 1.22. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21. The business has a 50 day moving average of $270.55 and a two-hundred day moving average of $246.01.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating analysts’ consensus estimates of $5.22 by $0.54. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.17 billion. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.Expedia Group’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the company posted $4.24 EPS. On average, sell-side analysts anticipate that Expedia Group, Inc. will post 17.15 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 27th. Expedia Group’s dividend payout ratio (DPR) is presently 11.97%.

Wall Street Analyst Weigh In

EXPE has been the topic of a number of recent analyst reports. Cantor Fitzgerald boosted their price target on shares of Expedia Group from $255.00 to $310.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Jefferies Financial Group raised their price objective on shares of Expedia Group from $300.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada lifted their price objective on shares of Expedia Group from $290.00 to $330.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. Truist Financial boosted their target price on shares of Expedia Group from $246.00 to $309.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Finally, UBS Group increased their target price on Expedia Group from $322.00 to $351.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $311.76.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Motiv8 Investments LLC acquired a new position in Expedia Group in the 4th quarter worth about $25,000. Entrust Financial LLC acquired a new stake in shares of Expedia Group during the 4th quarter valued at about $26,000. First Bancorp Inc ME acquired a new stake in shares of Expedia Group during the 2nd quarter valued at about $28,000. DV Equities LLC bought a new stake in Expedia Group in the fourth quarter worth approximately $46,000. Finally, Elevation Wealth Partners LLC increased its stake in shares of Expedia Group by 272.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock worth $46,000 after purchasing an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

About Expedia Group

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.