Invesco Ltd. Sells 4,026 Shares of Expedia Group, Inc. $EXPE

Invesco Ltd. reduced its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,892,666 shares of the online travel company’s stock after selling 4,026 shares during the period. Invesco Ltd. owned approximately 2.28% of Expedia Group worth $487,935,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EXPE. Spire Wealth Management grew its stake in shares of Expedia Group by 114.3% in the second quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock worth $25,000 after acquiring an additional 80 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in Expedia Group in the 1st quarter valued at $28,000. GFG Capital LLC acquired a new stake in Expedia Group in the 2nd quarter worth $29,000. Trust Co. of Toledo NA OH acquired a new stake in Expedia Group in the 2nd quarter worth $31,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Expedia Group during the 1st quarter worth about $36,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Expedia Group

In other Expedia Group news, Director Madhumita Moina Banerjee sold 1,000 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $258.00, for a total value of $258,000.00. Following the completion of the transaction, the director directly owned 2,916 shares of the company’s stock, valued at approximately $752,328. The trade was a 25.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 849 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $248.08, for a total transaction of $210,619.92. Following the transaction, the chief accounting officer owned 11,662 shares in the company, valued at $2,893,108.96. The trade was a 6.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 4,849 shares of company stock valued at $1,283,270 over the last ninety days. 9.13% of the stock is owned by insiders.

Expedia Group Stock Performance

NASDAQ:EXPE opened at $258.38 on Friday. The stock has a market capitalization of $31.66 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 1.19 and a beta of 1.44. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.72. Expedia Group, Inc. has a 1 year low of $130.01 and a 1 year high of $279.61. The firm has a 50 day moving average of $233.53 and a 200-day moving average of $204.40.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 EPS for the quarter, topping analysts’ consensus estimates of $7.10 by $0.47. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period in the prior year, the company earned $6.13 EPS. Expedia Group’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 19th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, November 19th. Expedia Group’s payout ratio is currently 15.31%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Expedia Group from $185.00 to $235.00 and gave the company a “hold” rating in a research note on Friday, November 7th. KeyCorp assumed coverage on Expedia Group in a research report on Wednesday, October 22nd. They issued a “sector weight” rating for the company. Cantor Fitzgerald lifted their price objective on Expedia Group from $220.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. BTIG Research upped their target price on Expedia Group from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Sanford C. Bernstein set a $210.00 target price on Expedia Group in a research report on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and twenty-five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $265.31.

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.