Expedia Group (NASDAQ:EXPE) Sees Strong Trading Volume

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Expedia Group Inc (NASDAQ:EXPE) shares saw an uptick in trading volume on Wednesday . 16,733,774 shares traded hands during mid-day trading, an increase of 778% from the previous session’s volume of 1,906,222 shares.The stock last traded at $105.56 and had previously closed at $99.39.

EXPE has been the topic of several analyst reports. JMP Securities downgraded shares of Expedia Group from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Consumer Edge began coverage on shares of Expedia Group in a report on Monday, November 18th. They set an “equal weight” rating and a $100.00 price target for the company. Credit Suisse Group reduced their price objective on shares of Expedia Group from $164.00 to $159.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Piper Jaffray Companies lowered Expedia Group from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $160.00 to $124.00 in a report on Thursday, November 7th. Finally, Wells Fargo & Co cut Expedia Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $139.46.

The stock has a market capitalization of $14.73 billion, a PE ratio of 22.37, a P/E/G ratio of 1.61 and a beta of 0.99. The firm has a 50 day moving average of $114.87 and a two-hundred day moving average of $126.06. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.80.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Wednesday, November 6th. The online travel company reported $3.38 EPS for the quarter, missing the Zacks’ consensus estimate of $3.56 by ($0.18). The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Expedia Group had a return on equity of 13.45% and a net margin of 4.26%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.65 earnings per share. Equities research analysts forecast that Expedia Group Inc will post 5.04 EPS for the current year.

The company also recently declared 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 1.26%. The ex-dividend date of this dividend is Monday, November 18th. Expedia Group’s dividend payout ratio is currently 28.27%.

In other Expedia Group news, Director Jon T. Gieselman purchased 2,393 shares of the stock in a transaction dated Thursday, December 5th. The shares were acquired at an average cost of $105.68 per share, for a total transaction of $252,892.24. Also, Director Dara Khosrowshahi sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $132.69, for a total transaction of $6,634,500.00. Following the completion of the sale, the director now owns 477,677 shares in the company, valued at $63,382,961.13. The disclosure for this sale can be found here. Insiders have sold a total of 61,944 shares of company stock valued at $8,141,690 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Expedia Group by 2.2% in the second quarter. Vanguard Group Inc. now owns 12,335,351 shares of the online travel company’s stock worth $1,640,972,000 after acquiring an additional 268,465 shares during the last quarter. Par Capital Management Inc. raised its stake in Expedia Group by 19.4% in the 2nd quarter. Par Capital Management Inc. now owns 9,509,627 shares of the online travel company’s stock valued at $1,265,066,000 after purchasing an additional 1,545,373 shares during the last quarter. BlackRock Inc. lifted its holdings in Expedia Group by 5.2% in the 2nd quarter. BlackRock Inc. now owns 8,223,670 shares of the online travel company’s stock valued at $1,093,995,000 after purchasing an additional 407,604 shares in the last quarter. State Street Corp lifted its holdings in Expedia Group by 16.5% in the 3rd quarter. State Street Corp now owns 5,846,641 shares of the online travel company’s stock valued at $785,847,000 after purchasing an additional 828,186 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in Expedia Group by 1,704.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 5,557,410 shares of the online travel company’s stock valued at $739,303,000 after purchasing an additional 5,249,396 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Expedia Group Company Profile (NASDAQ:EXPE)

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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