Public Employees Retirement System of Ohio raised its stake in Expedia Group Inc (NASDAQ:EXPE) by 36.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,653 shares of the online travel company’s stock after acquiring an additional 12,795 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Expedia Group were worth $6,405,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in EXPE. Lenox Wealth Advisors LLC lifted its stake in shares of Expedia Group by 113.3% in the 3rd quarter. Lenox Wealth Advisors LLC now owns 192 shares of the online travel company’s stock valued at $26,000 after purchasing an additional 102 shares during the period. WealthStone Inc. acquired a new stake in Expedia Group during the second quarter valued at $27,000. FNY Investment Advisers LLC acquired a new stake in Expedia Group during the second quarter valued at $28,000. Signaturefd LLC grew its position in Expedia Group by 75.8% during the third quarter. Signaturefd LLC now owns 276 shares of the online travel company’s stock valued at $37,000 after buying an additional 119 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new position in Expedia Group in the second quarter valued at $41,000. Institutional investors and hedge funds own 92.67% of the company’s stock.
In other Expedia Group news, Director Samuel H. Altman purchased 20,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were purchased at an average cost of $98.83 per share, with a total value of $1,976,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dara Khosrowshahi sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $132.98, for a total transaction of $6,649,000.00. Following the completion of the transaction, 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 sold 111,944 shares of company stock worth $14,790,690 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.
EXPE has been the subject of a number of analyst reports. Bank of America downgraded shares of Expedia Group from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Piper Jaffray Companies cut Expedia Group from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $160.00 to $124.00 in a research report on Thursday, November 7th. Jefferies Financial Group dropped their target price on Expedia Group from $170.00 to $145.00 and set an “average” rating on the stock in a research report on Thursday, November 7th. Raymond James cut their price target on Expedia Group from $150.00 to $136.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Finally, DA Davidson cut Expedia Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $162.00 to $130.00 in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $140.17.
EXPE stock opened at $100.75 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.80. Expedia Group Inc has a 12-month low of $93.53 and a 12-month high of $144.00. The stock has a market cap of $14.73 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.61 and a beta of 0.99. The business’s 50-day moving average is $117.53 and its 200 day moving average is $126.33.
Expedia Group (NASDAQ:EXPE) last announced its earnings results on Wednesday, November 6th. The online travel company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.18). The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.57 billion. Expedia Group had a net margin of 4.26% and a return on equity of 13.45%. Expedia Group’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.65 EPS. As a group, equities analysts forecast that Expedia Group Inc will post 5.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 19th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, November 18th. Expedia Group’s dividend payout ratio is presently 28.27%.
Expedia Group Company Profile
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.
Read More: Trading on Margin
Receive News & Ratings for Expedia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Group and related companies with MarketBeat.com's FREE daily email newsletter.