November 10, 2019 at 5:56 pm

Golub Group LLC Decreases Stock Holdings in Expedia Group Inc (NASDAQ:EXPE)

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Golub Group LLC reduced its position in shares of Expedia Group Inc (NASDAQ:EXPE) by 1.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 258,439 shares of the online travel company’s stock after selling 4,682 shares during the period. Expedia Group comprises about 2.7% of Golub Group LLC’s holdings, making the stock its 17th largest position. Golub Group LLC’s holdings in Expedia Group were worth $34,737,000 as of its most recent SEC filing.

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Other institutional investors have also recently added to or reduced their stakes in the company. Lenox Wealth Advisors LLC raised its stake in Expedia Group by 113.3% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 192 shares of the online travel company’s stock worth $26,000 after acquiring an additional 102 shares in the last quarter. WealthStone Inc. acquired a new stake in Expedia Group during the 2nd quarter worth $27,000. FNY Investment Advisers LLC acquired a new stake in Expedia Group during the 2nd quarter worth $28,000. Signaturefd LLC increased its stake in Expedia Group by 75.8% in the third quarter. Signaturefd LLC now owns 276 shares of the online travel company’s stock valued at $37,000 after purchasing an additional 119 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new position in Expedia Group in the second quarter valued at $41,000. 81.09% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:EXPE traded up $3.03 during midday trading on Friday, hitting $101.32. The stock had a trading volume of 10,007,700 shares, compared to its average volume of 1,732,978. The stock has a 50 day moving average price of $133.97 and a two-hundred day moving average price of $129.36. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $20.20 billion, a PE ratio of 21.06, a P/E/G ratio of 1.68 and a beta of 1.09. Expedia Group Inc has a 1 year low of $97.05 and a 1 year high of $144.00.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Wednesday, November 6th. The online travel company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.18). The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.57 billion. Expedia Group had a net margin of 5.36% and a return on equity of 14.20%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.65 EPS. As a group, equities analysts expect that Expedia Group Inc will post 5.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 19th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, November 18th. Expedia Group’s dividend payout ratio is presently 28.27%.

A number of research analysts have commented on EXPE shares. Stifel Nicolaus dropped their price objective on shares of Expedia Group from $135.00 to $125.00 and set a “hold” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. dropped their price objective on shares of Expedia Group from $155.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday. TheStreet upgraded shares of Expedia Group from a “c+” rating to an “a-” rating in a research note on Thursday, July 25th. Barclays restated a “buy” rating and issued a $151.00 price objective on shares of Expedia Group in a research note on Wednesday, October 16th. Finally, Cowen lifted their price objective on shares of Expedia Group from $155.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Nineteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $144.52.

In other news, Director Dara Khosrowshahi sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $132.98, for a total value of $6,649,000.00. Following the completion of the transaction, the director now owns 477,677 shares of the company’s stock, valued at $63,521,487.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Lance A. Soliday sold 2,724 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $127.93, for a total transaction of $348,481.32. Following the completion of the transaction, the insider now directly owns 8,009 shares of the company’s stock, valued at approximately $1,024,591.37. The disclosure for this sale can be found here. In the last three months, insiders sold 111,946 shares of company stock valued at $14,878,704. Company insiders own 2.10% of the company’s stock.

About Expedia Group

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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