Carillon Tower Advisers Inc. Buys 11,700 Shares of Expedia Group Inc (EXPE)

Carillon Tower Advisers Inc. grew its stake in shares of Expedia Group Inc (NASDAQ:EXPE) by 13.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,700 shares of the online travel company’s stock after acquiring an additional 11,700 shares during the period. Carillon Tower Advisers Inc. owned 0.07% of Expedia Group worth $12,748,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. D.A. Davidson & CO. increased its holdings in shares of Expedia Group by 0.8% in the third quarter. D.A. Davidson & CO. now owns 91,926 shares of the online travel company’s stock worth $11,995,000 after purchasing an additional 770 shares during the period. Westpac Banking Corp increased its holdings in shares of Expedia Group by 341.4% in the third quarter. Westpac Banking Corp now owns 39,503 shares of the online travel company’s stock worth $5,154,000 after purchasing an additional 30,554 shares during the period. Winslow Capital Management LLC increased its holdings in shares of Expedia Group by 25.2% in the third quarter. Winslow Capital Management LLC now owns 1,930,406 shares of the online travel company’s stock worth $251,880,000 after purchasing an additional 389,022 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Expedia Group by 16.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,478 shares of the online travel company’s stock worth $3,455,000 after purchasing an additional 3,783 shares during the period. Finally, Bank of Hawaii increased its holdings in shares of Expedia Group by 16.5% in the third quarter. Bank of Hawaii now owns 6,544 shares of the online travel company’s stock worth $854,000 after purchasing an additional 925 shares during the period. Hedge funds and other institutional investors own 79.65% of the company’s stock.

In other news, insider Lance A. Soliday sold 3,281 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $119.28, for a total transaction of $391,357.68. Following the transaction, the insider now directly owns 7,674 shares of the company’s stock, valued at $915,354.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 20.96% of the stock is owned by corporate insiders.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 21st. Deutsche Bank upped their price target on shares of Expedia Group from $145.00 to $147.00 and gave the stock a “buy” rating in a report on Wednesday, August 15th. BidaskClub cut shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 5th. SunTrust Banks reaffirmed a “buy” rating and issued a $180.00 price target on shares of Expedia Group in a report on Wednesday, September 5th. Finally, TheStreet raised shares of Expedia Group from a “c” rating to a “b” rating in a report on Thursday, October 25th. Twelve analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $146.52.

EXPE opened at $120.79 on Friday. The firm has a market capitalization of $18.02 billion, a P/E ratio of 27.33, a PEG ratio of 1.61 and a beta of 1.21. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. Expedia Group Inc has a 52 week low of $98.52 and a 52 week high of $139.77.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, October 25th. The online travel company reported $3.65 EPS for the quarter, beating the Zacks’ consensus estimate of $3.12 by $0.53. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Expedia Group had a return on equity of 11.79% and a net margin of 4.04%. During the same quarter in the prior year, the firm earned $2.51 earnings per share. As a group, sell-side analysts anticipate that Expedia Group Inc will post 4.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be paid a $0.32 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.06%. Expedia Group’s dividend payout ratio is presently 34.41%.

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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, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

Further Reading: Understanding Analyst Recommendations

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

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