Icon Advisers Inc. Co. Lowers Holdings in Expedia Group Inc (NASDAQ:EXPE)

Icon Advisers Inc. Co. decreased its stake in Expedia Group Inc (NASDAQ:EXPE) by 20.7% during the second quarter, Holdings Channel reports. The institutional investor owned 25,627 shares of the online travel company’s stock after selling 6,700 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Expedia Group were worth $3,409,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of EXPE. FNY Investment Advisers LLC purchased a new stake in shares of Expedia Group in the second quarter worth about $28,000. Steward Partners Investment Advisory LLC purchased a new position in Expedia Group during the second quarter worth approximately $41,000. Private Capital Group LLC boosted its position in Expedia Group by 788.6% during the first quarter. Private Capital Group LLC now owns 391 shares of the online travel company’s stock worth $47,000 after purchasing an additional 347 shares in the last quarter. Parallel Advisors LLC boosted its position in Expedia Group by 95.2% during the first quarter. Parallel Advisors LLC now owns 406 shares of the online travel company’s stock worth $48,000 after purchasing an additional 198 shares in the last quarter. Finally, Thor Advisors LLC purchased a new position in Expedia Group during the first quarter worth approximately $65,000. Hedge funds and other institutional investors own 80.73% of the company’s stock.

In other news, Director Susan C. Athey sold 2,425 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $134.59, for a total transaction of $326,380.75. Following the completion of the transaction, the director now directly owns 1,462 shares in the company, valued at $196,770.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Craig A. Jacobson sold 3,300 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $130.53, for a total value of $430,749.00. Following the transaction, the director now owns 30,480 shares of the company’s stock, valued at $3,978,554.40. The disclosure for this sale can be found here. 20.96% of the stock is owned by company insiders.

EXPE has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price target on Expedia Group to $177.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Oppenheimer set a $160.00 price target on Expedia Group and gave the stock a “buy” rating in a research report on Friday, July 26th. Citigroup set a $140.00 price target on Expedia Group and gave the stock a “hold” rating in a research report on Friday, July 26th. TheStreet upgraded Expedia Group from a “c+” rating to an “a-” rating in a research report on Thursday, July 25th. Finally, Credit Suisse Group increased their target price on Expedia Group from $147.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $152.43.

Shares of NASDAQ:EXPE traded up $1.08 during midday trading on Friday, hitting $127.88. The company had a trading volume of 5,648 shares, compared to its average volume of 2,229,781. Expedia Group Inc has a twelve month low of $108.11 and a twelve month high of $144.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $19.32 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. The business’s 50-day simple moving average is $133.09 and its 200-day simple moving average is $125.87.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, July 25th. The online travel company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.07. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.45 earnings per share. As a group, sell-side analysts forecast that Expedia Group Inc will post 5.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd will be paid a dividend of $0.34 per share. This is a boost from Expedia Group’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.36 annualized dividend and a yield of 1.06%. Expedia Group’s dividend payout ratio (DPR) is 26.61%.

Expedia Group 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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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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