Sowell Financial Services LLC bought a new position in Expedia Group Inc (NASDAQ:EXPE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,283 shares of the online travel company’s stock, valued at approximately $298,000.
Other hedge funds have also recently modified their holdings of the company. Piedmont Investment Advisors LLC lifted its position in Expedia Group by 33.6% during the second quarter. Piedmont Investment Advisors LLC now owns 3,758 shares of the online travel company’s stock valued at $452,000 after purchasing an additional 946 shares during the last quarter. Dupont Capital Management Corp lifted its holdings in shares of Expedia Group by 62.8% in the 2nd quarter. Dupont Capital Management Corp now owns 1,410 shares of the online travel company’s stock worth $169,000 after acquiring an additional 544 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Expedia Group by 9.8% in the 2nd quarter. Aperio Group LLC now owns 58,027 shares of the online travel company’s stock worth $6,974,000 after acquiring an additional 5,180 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Expedia Group by 26.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,910 shares of the online travel company’s stock worth $470,000 after acquiring an additional 812 shares during the last quarter. Finally, TD Asset Management Inc. lifted its holdings in shares of Expedia Group by 1.5% in the 2nd quarter. TD Asset Management Inc. now owns 114,675 shares of the online travel company’s stock worth $13,783,000 after acquiring an additional 1,749 shares during the last quarter. 79.97% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on EXPE shares. TheStreet upgraded shares of Expedia Group from a “c” rating to a “b” rating in a report on Thursday, October 25th. Deutsche Bank lowered their target price on shares of Expedia Group from $147.00 to $146.00 and set a “buy” rating for the company in a report on Tuesday, October 23rd. Oppenheimer set a $155.00 target price on shares of Expedia Group and gave the stock a “buy” rating in a report on Tuesday, October 23rd. Cowen set a $135.00 target price on shares of Expedia Group and gave the stock a “buy” rating in a report on Monday, October 22nd. Finally, Zacks Investment Research upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a report on Monday, October 22nd. Twelve equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Expedia Group currently has an average rating of “Buy” and a consensus price target of $146.52.
Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, October 25th. The online travel company reported $3.65 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.53. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Expedia Group had a net margin of 4.04% and a return on equity of 11.79%. During the same period last year, the business earned $2.51 EPS. On average, equities research analysts expect that Expedia Group Inc will post 4.56 earnings per share for the current fiscal year.
The business 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. This represents a $1.28 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Wednesday, November 14th. Expedia Group’s dividend payout ratio (DPR) is presently 34.41%.
In related news, insider Lance A. Soliday sold 3,281 shares of Expedia Group stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $119.28, for a total value of $391,357.68. Following the completion of the sale, the insider now directly owns 7,674 shares in the company, valued at approximately $915,354.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.96% of the stock is owned by company insiders.
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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, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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