Insider Selling: Expedia Group (NASDAQ:EXPE) CAO Sells $909,456.50 in Stock

Expedia Group, Inc. (NASDAQ:EXPE) CAO Lance Soliday sold 2,810 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total transaction of $909,456.50. Following the sale, the chief accounting officer owned 12,006 shares of the company’s stock, valued at $3,885,741.90. This represents a 18.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Expedia Group Trading Down 0.6%

Expedia Group stock traded down $2.10 during trading hours on Thursday, reaching $324.17. The stock had a trading volume of 927,054 shares, compared to its average volume of 2,039,088. The company has a fifty day simple moving average of $276.35 and a 200-day simple moving average of $247.15. Expedia Group, Inc. has a 52 week low of $185.34 and a 52 week high of $335.00. The stock has a market cap of $38.91 billion, a PE ratio of 20.21, a PEG ratio of 0.79 and a beta of 1.22. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, beating the consensus estimate of $5.22 by $0.54. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.24 earnings per share. Analysts forecast that Expedia Group, Inc. will post 17.15 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $1.92 dividend on an annualized basis and a yield of 0.6%. Expedia Group’s dividend payout ratio is presently 11.97%.

Hedge Funds Weigh In On Expedia Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Proficio Capital Partners LLC bought a new stake in shares of Expedia Group in the 2nd quarter worth approximately $858,000. Rehmann Capital Advisory Group increased its position in Expedia Group by 6.5% during the 2nd quarter. Rehmann Capital Advisory Group now owns 7,438 shares of the online travel company’s stock valued at $1,904,000 after buying an additional 453 shares in the last quarter. Railway Pension Investments Ltd raised its stake in Expedia Group by 1.1% during the second quarter. Railway Pension Investments Ltd now owns 268,659 shares of the online travel company’s stock valued at $68,744,000 after buying an additional 2,959 shares during the last quarter. New Mexico Educational Retirement Board raised its stake in Expedia Group by 5.5% during the second quarter. New Mexico Educational Retirement Board now owns 5,778 shares of the online travel company’s stock valued at $1,478,000 after buying an additional 300 shares during the last quarter. Finally, Mufg Securities Americas Inc. boosted its holdings in Expedia Group by 6.5% in the second quarter. Mufg Securities Americas Inc. now owns 3,449 shares of the online travel company’s stock worth $883,000 after acquiring an additional 211 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EXPE shares. The Goldman Sachs Group set a $370.00 price objective on Expedia Group in a research report on Thursday, August 6th. Bank of America restated a “buy” rating on shares of Expedia Group in a report on Thursday, August 6th. Benchmark raised their price target on Expedia Group from $290.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Morgan Stanley lifted their price target on shares of Expedia Group from $290.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Finally, DA Davidson reduced their price objective on shares of Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Expedia Group presently has an average rating of “Hold” and an average price target of $314.27.

About Expedia Group

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.