American International Group Inc. Buys 1,954 Shares of Expedia Group Inc (EXPE)

American International Group Inc. grew its stake in Expedia Group Inc (NASDAQ:EXPE) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,780 shares of the online travel company’s stock after purchasing an additional 1,954 shares during the period. American International Group Inc.’s holdings in Expedia Group were worth $7,278,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Piedmont Investment Advisors LLC raised its position in Expedia Group by 33.6% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 3,758 shares of the online travel company’s stock worth $452,000 after purchasing an additional 946 shares during the last quarter. Dupont Capital Management Corp raised its position in 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 purchasing an additional 544 shares during the last quarter. Aperio Group LLC raised its position in 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 purchasing an additional 5,180 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in 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 purchasing an additional 812 shares during the last quarter. Finally, TD Asset Management Inc. raised its position in 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 purchasing an additional 1,749 shares during the last quarter. Institutional investors and hedge funds own 79.97% of the company’s stock.

In other news, insider Lance A. Soliday sold 3,281 shares of the business’s stock in a transaction 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 transaction, the insider now owns 7,674 shares of the company’s stock, valued at approximately $915,354.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 20.96% of the stock is owned by insiders.

EXPE has been the subject of several research analyst reports. Credit Suisse Group dropped their price objective on shares of Expedia Group from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, October 24th. Deutsche Bank dropped their price objective on shares of Expedia Group from $147.00 to $146.00 and set a “buy” rating for the company in a research report on Tuesday, October 23rd. Zacks Investment Research lowered shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 21st. SunTrust Banks reaffirmed a “buy” rating and set a $180.00 target price on shares of Expedia Group in a report on Wednesday, September 5th. Finally, 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. Twelve research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $146.52.

EXPE opened at $120.65 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. Expedia Group Inc has a 52 week low of $98.52 and a 52 week high of $139.77. The firm has a market cap of $18.02 billion, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of 1.61 and a beta of 1.18.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, October 25th. The online travel company reported $3.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.53. Expedia Group had a net margin of 4.04% and a return on equity of 11.79%. The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the previous year, the business earned $2.51 EPS. Equities analysts expect that Expedia Group Inc will post 4.56 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 14th. Expedia Group’s dividend payout ratio (DPR) is 34.41%.

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

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