Expedia Group, Inc. (NASDAQ:EXPE) Shares Sold by Benjamin Edwards Inc.

Benjamin Edwards Inc. decreased its position in Expedia Group, Inc. (NASDAQ:EXPE) by 5.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,837 shares of the online travel company’s stock after selling 111 shares during the quarter. Benjamin Edwards Inc.’s holdings in Expedia Group were worth $309,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Minot DeBlois Advisors LLC bought a new stake in shares of Expedia Group in the 4th quarter worth approximately $27,000. McClarren Financial Advisors Inc. bought a new stake in shares of Expedia Group in the 1st quarter worth approximately $28,000. Park Square Financial Group LLC bought a new stake in shares of Expedia Group in the 1st quarter worth approximately $34,000. Zions Bancorporation National Association UT bought a new stake in shares of Expedia Group in the 1st quarter worth approximately $36,000. Finally, Optiver Holding B.V. bought a new stake in shares of Expedia Group in the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 3,306 shares of Expedia Group stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $200.84, for a total transaction of $663,977.04. Following the transaction, the insider owned 77,075 shares in the company, valued at approximately $15,479,743. The trade was a 4.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 9.13% of the company’s stock.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $207.44 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The stock has a market capitalization of $25.66 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 1.03 and a beta of 1.61. The stock’s fifty day simple moving average is $179.94 and its 200 day simple moving average is $173.79. Expedia Group, Inc. has a 52-week low of $126.46 and a 52-week high of $213.00.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.13 by $0.11. The business had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.51 EPS. As a group, sell-side analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. Expedia Group’s payout ratio is currently 19.61%.

Analysts Set New Price Targets

Several analysts recently issued reports on EXPE shares. Piper Sandler set a $190.00 price target on Expedia Group and gave the stock an “underweight” rating in a report on Friday, August 8th. The Goldman Sachs Group cut their price target on Expedia Group from $219.00 to $183.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Truist Financial cut their price target on Expedia Group from $175.00 to $168.00 and set a “hold” rating on the stock in a report on Tuesday, June 24th. Royal Bank Of Canada raised their price target on Expedia Group from $180.00 to $200.00 and gave the stock a “sector perform” rating in a report on Friday, August 8th. Finally, Wells Fargo & Company reissued a “positive” rating on shares of Expedia Group in a report on Friday, August 8th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Expedia Group currently has an average rating of “Moderate Buy” and a consensus price target of $205.63.

Expedia Group Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.