Expedia Group, Inc. $EXPE Shares Sold by Point Windward Advisors Inc.

Point Windward Advisors Inc. trimmed its position in Expedia Group, Inc. (NASDAQ:EXPE) by 31.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 10,480 shares of the online travel company’s stock after selling 4,723 shares during the quarter. Point Windward Advisors Inc.’s holdings in Expedia Group were worth $2,760,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in shares of Expedia Group during the second quarter valued at $166,203,000. First Trust Advisors LP lifted its stake in Expedia Group by 104.1% in the first quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock worth $275,112,000 after acquiring an additional 607,698 shares during the period. Wellington Management Group LLP grew its holdings in Expedia Group by 67.7% during the 2nd quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company’s stock worth $199,622,000 after acquiring an additional 314,984 shares in the last quarter. SEB Asset Management AB bought a new position in Expedia Group during the 1st quarter worth about $53,254,000. Finally, KBC Group NV boosted its stake in shares of Expedia Group by 201.3% during the first quarter. KBC Group NV now owns 276,150 shares of the online travel company’s stock valued at $63,761,000 after purchasing an additional 184,507 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 2,810 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total value of $909,456.50. Following the sale, the chief accounting officer directly owned 12,006 shares of the company’s stock, valued at approximately $3,885,741.90. This trade represents a 18.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 1,004 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $335.00, for a total value of $336,340.00. Following the completion of the sale, the insider owned 104,331 shares of the company’s stock, valued at $34,950,885. This trade represents a 0.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 5,814 shares of company stock worth $1,906,796 over the last three months. 5.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EXPE shares. Wedbush reduced their target price on shares of Expedia Group from $417.00 to $384.00 and set an “outperform” rating for the company in a report on Thursday, November 5th. UBS Group decreased their target price on shares of Expedia Group from $351.00 to $328.00 and set a “neutral” rating for the company in a research report on Tuesday, November 3rd. Melius Research set a $355.00 target price on shares of Expedia Group in a research note on Tuesday, October 20th. Weiss Ratings downgraded shares of Expedia Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Finally, Morgan Stanley lowered shares of Expedia Group from an “equal weight” rating to an “underweight” rating and set a $235.00 price target on the stock. in a report on Wednesday, September 16th. Fifteen research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Expedia Group has an average rating of “Hold” and an average target price of $316.00.

Expedia Group Stock Up 0.5%

Shares of EXPE opened at $261.05 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.62. Expedia Group, Inc. has a 52 week low of $185.34 and a 52 week high of $342.00. The stock’s 50-day moving average price is $277.30 and its 200-day moving average price is $259.18. The company has a market capitalization of $31.33 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 0.62 and a beta of 1.39.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Wednesday, November 4th. The online travel company reported $9.39 EPS for the quarter, topping analysts’ consensus estimates of $8.85 by $0.54. The business had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Expedia Group had a net margin of 12.98% and a return on equity of 91.03%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $7.57 EPS. On average, sell-side analysts predict that Expedia Group, Inc. will post 17.37 EPS for the current year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 18th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. Expedia Group’s dividend payout ratio is 11.21%.

Expedia Group Profile

Expedia Group, Inc. is an online travel company that connects travelers with lodging, flights, rental cars, cruises, vacation packages and activities. Its consumer-facing brands include Expedia, Hotels.com and Vrbo, which specializes in vacation rentals. The company also provides travel technology and booking services to business partners. Founded in 1996 as a division of Microsoft, Expedia became an independent public company in 1999. It serves travelers and lodging partners in markets around the world through its websites and mobile apps.