Captrust Financial Advisors raised its holdings in shares of Expedia Group Inc (NASDAQ:EXPE) by 1,676.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,902 shares of the online travel company’s stock after buying an additional 14,063 shares during the quarter. Captrust Financial Advisors’ holdings in Expedia Group were worth $1,982,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. Artisan Partners Limited Partnership boosted its holdings in shares of Expedia Group by 14.8% in the 1st quarter. Artisan Partners Limited Partnership now owns 6,683,552 shares of the online travel company’s stock worth $795,343,000 after purchasing an additional 860,708 shares in the last quarter. First Trust Advisors LP boosted its holdings in Expedia Group by 5.7% during the 2nd quarter. First Trust Advisors LP now owns 1,771,444 shares of the online travel company’s stock valued at $235,655,000 after acquiring an additional 96,115 shares during the period. Geode Capital Management LLC raised its position in Expedia Group by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 1,558,162 shares of the online travel company’s stock valued at $175,222,000 after purchasing an additional 104,159 shares during the last quarter. Northern Trust Corp raised its position in Expedia Group by 3.1% during the 2nd quarter. Northern Trust Corp now owns 1,430,178 shares of the online travel company’s stock valued at $190,256,000 after purchasing an additional 42,430 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in Expedia Group by 9.9% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,115,535 shares of the online travel company’s stock valued at $148,399,000 after purchasing an additional 100,815 shares during the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.
EXPE opened at $132.17 on Friday. The firm has a market cap of $19.99 billion, a P/E ratio of 25.45, a P/E/G ratio of 1.68 and a beta of 1.07. Expedia Group Inc has a 12 month low of $108.11 and a 12 month high of $144.00. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average of $130.45 and a 200 day moving average of $126.89.
Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, July 25th. The online travel company reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.07. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $1.45 earnings per share. On average, research analysts forecast that Expedia Group Inc will post 5.8 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This is a positive change from Expedia Group’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.03%. Expedia Group’s payout ratio is 28.27%.
In other Expedia Group news, Director Susan C. Athey sold 2,425 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $134.59, for a total value of $326,380.75. Following the sale, the director now directly owns 1,462 shares of the company’s stock, valued at $196,770.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dara Khosrowshahi sold 50,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $132.98, for a total transaction of $6,649,000.00. Following the completion of the sale, the director now directly owns 477,677 shares in the company, valued at $63,521,487.46. The disclosure for this sale can be found here. Insiders have sold 67,671 shares of company stock worth $9,001,333 over the last three months. Corporate insiders own 20.96% of the company’s stock.
EXPE has been the subject of a number of recent analyst reports. BidaskClub lowered Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. Citigroup set a $140.00 target price on Expedia Group and gave the stock a “hold” rating in a research report on Friday, July 26th. SunTrust Banks set a $188.00 price objective on Expedia Group and gave the company a “buy” rating in a research report on Friday, September 13th. ValuEngine downgraded Expedia Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Jefferies Financial Group increased their target price on Expedia Group from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $152.57.
About Expedia Group
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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