98,978 Expedia Group, Inc. $EXPE Shares Sold by Robeco Institutional Asset Management B.V.
by Teresa Graham · The Cerbat GemRobeco Institutional Asset Management B.V. lowered its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 12.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 714,239 shares of the online travel company’s stock after selling 98,978 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.60% of Expedia Group worth $188,102,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. First Bancorp Inc ME bought a new stake in Expedia Group in the second quarter valued at $28,000. Elevation Wealth Partners LLC boosted its holdings in shares of Expedia Group by 272.9% during the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock valued at $46,000 after acquiring an additional 131 shares during the period. Cache Advisors LLC acquired a new position in shares of Expedia Group during the first quarter valued at $48,000. CENTRAL TRUST Co grew its position in shares of Expedia Group by 1,147.1% during the first quarter. CENTRAL TRUST Co now owns 212 shares of the online travel company’s stock worth $49,000 after acquiring an additional 195 shares during the last quarter. Finally, Sound Income Strategies LLC grew its position in shares of Expedia Group by 1,618.8% during the first quarter. Sound Income Strategies LLC now owns 275 shares of the online travel company’s stock worth $63,000 after acquiring an additional 259 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.
Expedia Group Trading Up 3.1%
NASDAQ:EXPE opened at $300.76 on Wednesday. Expedia Group, Inc. has a 1 year low of $185.34 and a 1 year high of $342.00. The stock has a market cap of $36.10 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 0.71 and a beta of 1.36. The business has a fifty day moving average of $292.09 and a 200-day moving average of $265.62. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80.
Expedia Group (NASDAQ:EXPE – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating analysts’ consensus estimates of $5.22 by $0.54. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The company’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the business earned $4.24 earnings per share. Equities analysts predict that Expedia Group, Inc. will post 17.26 earnings per share for the current year.
Expedia Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 27th. Expedia Group’s payout ratio is 11.97%.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on EXPE. Citigroup reaffirmed a “neutral” rating on shares of Expedia Group in a report on Wednesday, August 12th. Morgan Stanley lowered shares of Expedia Group from an “equal weight” rating to an “underweight” rating and set a $235.00 target price for the company. in a research note on Wednesday, September 16th. Barclays upped their target price on shares of Expedia Group from $264.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Melius Research set a $355.00 target price on shares of Expedia Group in a research report on Tuesday. Finally, Robert W. Baird set a $335.00 price target on shares of Expedia Group in a research note on Thursday, August 6th. Eighteen research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $316.37.
Insider Transactions at Expedia Group
In related news, insider Robert J. Dzielak sold 1,004 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $335.00, for a total transaction of $336,340.00. Following the transaction, the insider owned 104,331 shares in the company, valued at $34,950,885. This trade represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig A. Jacobson sold 3,133 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $328.52, for a total value of $1,029,253.16. Following the sale, the director directly owned 29,832 shares in the company, valued at approximately $9,800,408.64. The trade was a 9.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 11,950 shares of company stock valued at $3,881,995. Company insiders own 5.20% of the company’s stock.
About Expedia Group
Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.
Expedia Group’s consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.
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