Gateway Investment Advisers LLC decreased its holdings in Expedia Group Inc (NASDAQ:EXPE) by 8.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,820 shares of the online travel company’s stock after selling 609 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Expedia Group were worth $812,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its stake in Expedia Group by 3.3% in the 4th quarter. BlackRock Inc. now owns 7,832,787 shares of the online travel company’s stock worth $882,363,000 after purchasing an additional 250,021 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Expedia Group by 4.7% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 3,379,276 shares of the online travel company’s stock worth $440,928,000 after purchasing an additional 152,165 shares in the last quarter. Geode Capital Management LLC raised its stake in Expedia Group by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 1,558,162 shares of the online travel company’s stock worth $175,222,000 after purchasing an additional 104,159 shares in the last quarter. Northern Trust Corp raised its stake in Expedia Group by 2.8% in the 4th quarter. Northern Trust Corp now owns 1,385,819 shares of the online travel company’s stock worth $156,112,000 after purchasing an additional 37,368 shares in the last quarter. Finally, Boston Partners raised its stake in Expedia Group by 72.6% in the 4th quarter. Boston Partners now owns 1,321,220 shares of the online travel company’s stock worth $148,835,000 after purchasing an additional 555,640 shares in the last quarter. Institutional investors and hedge funds own 79.70% of the company’s stock.
EXPE has been the subject of several analyst reports. Benchmark reiterated a “hold” rating on shares of Expedia Group in a research note on Friday, February 8th. BidaskClub lowered shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Credit Suisse Group raised their target price on shares of Expedia Group from $145.00 to $150.00 in a report on Friday, February 8th. SunTrust Banks reissued a “buy” rating and issued a $180.00 target price on shares of Expedia Group in a report on Monday, February 4th. Finally, Goldman Sachs Group raised shares of Expedia Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $125.00 to $140.00 in a report on Friday, January 4th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $146.94.
Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 7th. The online travel company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.50. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.55 billion. Expedia Group had a net margin of 3.62% and a return on equity of 12.96%. The firm’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 EPS. Equities research analysts forecast that Expedia Group Inc will post 6.01 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 7th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Wednesday, March 6th. Expedia Group’s dividend payout ratio (DPR) is presently 26.61%.
In related news, CAO Lance A. Soliday sold 1,635 shares of Expedia Group stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $124.56, for a total transaction of $203,655.60. Following the sale, the chief accounting officer now directly owns 6,644 shares of the company’s stock, valued at approximately $827,576.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dara Khosrowshahi sold 50,000 shares of Expedia Group stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $130.31, for a total transaction of $6,515,500.00. Following the sale, the director now directly owns 462,910 shares in the company, valued at $60,321,802.10. The disclosure for this sale can be found here. Insiders have sold a total of 123,759 shares of company stock worth $15,794,981 over the last ninety days. 20.96% of the stock is currently owned by insiders.
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Expedia Group Company Profile
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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