Expedia Group (NASDAQ:EXPE) Stock Price Down 7% – Should You Sell?

Expedia Group, Inc. (NASDAQ:EXPE) shares traded down 7% on Tuesday . The company traded as low as $276.29 and last traded at $277.1120. Approximately 1,534,832 shares were traded during mid-day trading, a decline of 23% from the average session volume of 1,999,941 shares. The stock had previously closed at $298.04.

Analyst Upgrades and Downgrades

EXPE has been the subject of a number of research reports. Benchmark boosted their price target on shares of Expedia Group from $290.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Evercore set a $430.00 target price on shares of Expedia Group in a research report on Monday, August 24th. Citigroup reissued a “neutral” rating on shares of Expedia Group in a research note on Wednesday, August 12th. Finally, Weiss Ratings upgraded Expedia Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Eighteen investment analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. Based on data from MarketBeat, Expedia Group presently has a consensus rating of “Hold” and an average target price of $318.71.

Expedia Group Stock Performance

The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $33.60 billion, a PE ratio of 17.47, a PEG ratio of 0.67 and a beta of 1.25. The business’s 50-day moving average is $296.03 and its 200 day moving average is $255.82.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 12.97% and a return on equity of 87.32%. The company’s revenue 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. On average, equities research analysts predict that Expedia Group, Inc. will post 17.15 EPS 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 yield of 0.7%. The ex-dividend date is Thursday, August 27th. Expedia Group’s dividend payout ratio (DPR) is presently 11.97%.

Insiders Place Their Bets

In other news, CAO Lance A. Soliday sold 2,810 shares of the firm’s 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 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 3,003 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $315.00, for a total transaction of $945,945.00. Following the completion of the transaction, the insider owned 103,829 shares in the company, valued at $32,706,135. This represents a 2.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,950 shares of company stock valued at $3,881,995 in the last ninety days. Company insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

A number of large investors have recently added to or reduced their stakes in EXPE. Motiv8 Investments LLC purchased a new position in shares of Expedia Group during the fourth quarter valued at approximately $25,000. Entrust Financial LLC bought a new position in shares of Expedia Group in the 4th quarter worth about $26,000. First Bancorp Inc ME purchased a new position in Expedia Group during the second quarter valued at $28,000. DV Equities LLC purchased a new stake in shares of Expedia Group in the fourth quarter worth $46,000. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Expedia Group by 272.9% during the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock valued at $46,000 after acquiring an additional 131 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with lodging, transportation, activities and other travel-related services. Its consumer brands include Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these platforms, customers can search for and book hotel stays, vacation rentals, flights, rental cars, cruises, vacation packages and activities.

The company also provides business-to-business travel technology and booking services through its partnerships with airlines, hotels, financial institutions, retailers and other organizations.