OMERS ADMINISTRATION Corp cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 39.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,541 shares of the online travel company's stock after selling 8,897 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Expedia Group were worth $2,523,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new stake in shares of Expedia Group during the fourth quarter worth $27,000. SRH Advisors LLC acquired a new stake in shares of Expedia Group during the fourth quarter worth $28,000. Sava Infond d.o.o. acquired a new stake in shares of Expedia Group during the fourth quarter worth $28,000. Grove Bank & Trust lifted its holdings in Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company's stock valued at $30,000 after acquiring an additional 142 shares during the period. Finally, Prudent Man Investment Management Inc. acquired a new stake in Expedia Group in the fourth quarter valued at $34,000. 90.76% of the stock is owned by institutional investors and hedge funds.
Expedia Group Price Performance
Expedia Group stock traded up $0.45 during midday trading on Friday, reaching $166.66. 1,758,482 shares of the company were exchanged, compared to its average volume of 1,930,761. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $21.48 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 0.92 and a beta of 1.62. The firm's 50-day simple moving average is $160.47 and its 200-day simple moving average is $175.93. Expedia Group, Inc. has a 1 year low of $107.25 and a 1 year high of $207.73.
Expedia Group (NASDAQ:EXPE - Get Free Report) last released its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the business posted $0.21 earnings per share. Expedia Group's revenue was up 3.4% on a year-over-year basis. On average, analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.
Expedia Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be given a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. Expedia Group's dividend payout ratio is presently 18.87%.
Insider Buying and Selling
In related news, insider Robert J. Dzielak sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $205.70, for a total value of $1,028,500.00. Following the sale, the insider now directly owns 74,502 shares of the company's stock, valued at approximately $15,325,061.40. This trade represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.80% of the company's stock.
Analyst Upgrades and Downgrades
EXPE has been the subject of a number of recent analyst reports. Oppenheimer reduced their target price on Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a report on Friday, May 9th. JMP Securities reissued a "market perform" rating on shares of Expedia Group in a report on Friday, February 7th. Wedbush reissued a "neutral" rating and issued a $165.00 target price (down previously from $180.00) on shares of Expedia Group in a report on Friday, May 9th. UBS Group reduced their target price on Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Finally, BMO Capital Markets raised their target price on Expedia Group from $165.00 to $190.00 and gave the company a "market perform" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $186.35.
Read Our Latest Research Report on Expedia Group
Expedia Group Profile
(
Free Report)
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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