Nisa Investment Advisors LLC increased its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 26.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,556 shares of the online travel company’s stock after buying an additional 10,507 shares during the period. Nisa Investment Advisors LLC’s holdings in Expedia Group were worth $8,359,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. McClarren Financial Advisors Inc. acquired a new position in Expedia Group during the first quarter worth about $28,000. Atlas Capital Advisors Inc. acquired a new position in Expedia Group during the first quarter worth about $28,000. GFG Capital LLC acquired a new position in Expedia Group during the second quarter worth about $29,000. Trust Co. of Toledo NA OH acquired a new position in Expedia Group during the second quarter worth about $31,000. Finally, Park Square Financial Group LLC acquired a new position in Expedia Group during the first quarter worth about $34,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.
Expedia Group Price Performance
EXPE opened at $222.50 on Tuesday. The company has a market cap of $27.53 billion, a P/E ratio of 27.27, a P/E/G ratio of 1.14 and a beta of 1.56. The company has a 50 day moving average of $217.46 and a two-hundred day moving average of $187.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. Expedia Group, Inc. has a 52-week low of $130.01 and a 52-week high of $240.98.
Expedia Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, August 28th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, August 28th. Expedia Group’s dividend payout ratio (DPR) is currently 19.61%.
Insider Activity at Expedia Group
In related news, CAO Lance A. Soliday sold 852 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $205.88, for a total value of $175,409.76. Following the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at $2,477,971.68. This trade represents a 6.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $207.78, for a total value of $623,340.00. Following the completion of the sale, the director owned 33,858 shares in the company, valued at approximately $7,035,015.24. This represents a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,816 shares of company stock worth $2,009,132 in the last three months. 9.13% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the stock. TD Cowen lifted their target price on shares of Expedia Group from $205.00 to $220.00 and gave the stock a “hold” rating in a research report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Expedia Group in a research report on Wednesday, October 8th. BTIG Research reissued a “buy” rating and issued a $250.00 price objective on shares of Expedia Group in a research report on Tuesday, October 14th. Morgan Stanley boosted their price objective on shares of Expedia Group from $150.00 to $165.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. Finally, Barclays boosted their price objective on shares of Expedia Group from $190.00 to $197.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty-two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Expedia Group presently has an average rating of “Hold” and an average target price of $214.29.
View Our Latest Stock Report on Expedia Group
Expedia Group Company 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.
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