Expedia Group (NASDAQ:EXPE) CAO Lance Soliday Sells 2,810 Shares

Expedia Group, Inc. (NASDAQ:EXPE) CAO Lance Soliday sold 2,810 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total value of $909,456.50. Following the transaction, the chief accounting officer owned 12,006 shares in the company, valued at $3,885,741.90. This trade represents a 18.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Expedia Group Price Performance

Expedia Group stock opened at $324.17 on Friday. The stock has a market capitalization of $38.91 billion, a P/E ratio of 20.21, a P/E/G ratio of 0.80 and a beta of 1.22. The company’s fifty day moving average price is $278.34 and its 200 day moving average price is $247.56. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. Expedia Group, Inc. has a 1 year low of $185.34 and a 1 year high of $335.00.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, topping analysts’ consensus estimates of $5.22 by $0.54. The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the prior year, the business posted $4.24 earnings per share. As a group, equities research analysts anticipate that Expedia Group, Inc. will post 17.15 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, August 27th will be given a dividend of $0.48 per share. 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 is 11.97%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Expedia Group from $290.00 to $330.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. Robert W. Baird set a $335.00 price objective on Expedia Group in a research report on Thursday, August 6th. Citic Securities lowered their price objective on Expedia Group from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. The Goldman Sachs Group set a $370.00 target price on Expedia Group in a report on Thursday, August 6th. Finally, Wells Fargo & Company raised their target price on Expedia Group from $303.00 to $307.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $314.27.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EXPE. Brighton Jones LLC acquired a new position in shares of Expedia Group in the 4th quarter valued at $408,000. NewEdge Advisors LLC increased its position in shares of Expedia Group by 5.0% during the 1st quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock worth $917,000 after purchasing an additional 259 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Expedia Group during the 2nd quarter worth about $596,000. Daiwa Securities Group Inc. increased its position in shares of Expedia Group by 6.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 21,265 shares of the online travel company’s stock worth $3,587,000 after purchasing an additional 1,290 shares during the last quarter. Finally, AXA S.A. raised its holdings 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 during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

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.