Jefferies Financial Group Inc. Sells 55,918 Shares of Expedia Group, Inc. $EXPE

Jefferies Financial Group Inc. lowered its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 62.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,645 shares of the online travel company’s stock after selling 55,918 shares during the period. Jefferies Financial Group Inc.’s holdings in Expedia Group were worth $8,861,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at Expedia Group

In related news, insider Robert Dzielak sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $330.50, for a total transaction of $661,000.00. Following the transaction, the insider directly owned 105,335 shares of the company’s stock, valued at $34,813,217.50. This trade represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Lance Soliday sold 2,810 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total transaction 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 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 owned by insiders.

Expedia Group Trading Up 2.4%

NASDAQ EXPE opened at $259.79 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.62. The business has a fifty day simple moving average of $278.24 and a 200 day simple moving average of $259.23. Expedia Group, Inc. has a 12 month low of $185.34 and a 12 month high of $342.00. The firm has a market capitalization of $31.18 billion, a P/E ratio of 15.17, a PEG ratio of 0.60 and a beta of 1.39.

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

Expedia Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on EXPE shares. Bank of America reissued a “buy” rating on shares of Expedia Group in a research report on Thursday, August 6th. Wells Fargo & Company raised their price target on shares of Expedia Group from $275.00 to $278.00 and gave the company a “cautious” rating in a research report on Thursday, November 5th. Wall Street Zen cut shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. Wedbush cut their price target on Expedia Group from $417.00 to $384.00 and set an “outperform” rating for the company in a research note on Thursday, November 5th. Finally, Piper Sandler reissued a “neutral” rating and set a $335.00 price objective (up from $325.00) on shares of Expedia Group in a report on Thursday, November 5th. Fifteen investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $316.00.

Expedia Group Company 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.