Insider Buying: Expedia Group Inc (NASDAQ:EXPE) Vice Chairman Purchases 23,070 Shares of Stock

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Expedia Group Inc (NASDAQ:EXPE) Vice Chairman Peter M. Kern purchased 23,070 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was purchased at an average price of $108.80 per share, for a total transaction of $2,510,016.00.

Expedia Group stock traded up $1.22 during midday trading on Monday, reaching $108.80. 2,823,618 shares of the company were exchanged, compared to its average volume of 4,012,578. The company has a market capitalization of $15.59 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 1.77 and a beta of 0.99. The firm’s 50-day simple moving average is $113.15 and its 200-day simple moving average is $125.93. Expedia Group Inc has a 1 year low of $93.53 and a 1 year high of $144.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.75 and a current ratio of 0.75.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Wednesday, November 6th. The online travel company reported $3.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.56 by ($0.18). Expedia Group had a net margin of 4.26% and a return on equity of 13.45%. The firm had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the company posted $3.65 earnings per share. Expedia Group’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts forecast that Expedia Group Inc will post 5.04 EPS for the current fiscal 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 issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.25%. Expedia Group’s dividend payout ratio (DPR) is presently 28.27%.

Several equities analysts recently weighed in on the company. Raymond James dropped their price objective on Expedia Group from $150.00 to $136.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Mizuho decreased their target price on Expedia Group from $115.00 to $100.00 in a research report on Monday, December 2nd. Consumer Edge assumed coverage on Expedia Group in a report on Monday, November 18th. They issued an “equal weight” rating and a $100.00 target price on the stock. UBS Group reissued a “buy” rating and issued a $142.00 target price (down previously from $156.00) on shares of Expedia Group in a report on Thursday, November 7th. Finally, Oppenheimer cut Expedia Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $160.00 to $110.00 in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have issued a buy rating to the stock. Expedia Group presently has a consensus rating of “Hold” and a consensus target price of $139.46.

Hedge funds and other institutional investors have recently modified their holdings of the company. Kenmare Capital Partners L.L.C. boosted its position in Expedia Group by 25.6% during the third quarter. Kenmare Capital Partners L.L.C. now owns 53,044 shares of the online travel company’s stock worth $7,130,000 after acquiring an additional 10,817 shares during the last quarter. Metropolitan Life Insurance Co NY lifted its stake in shares of Expedia Group by 14.3% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 26,851 shares of the online travel company’s stock worth $3,609,000 after purchasing an additional 3,361 shares during the period. Man Group plc lifted its stake in shares of Expedia Group by 16.6% during the 3rd quarter. Man Group plc now owns 1,582,879 shares of the online travel company’s stock worth $212,755,000 after purchasing an additional 225,821 shares during the period. Voloridge Investment Management LLC boosted its holdings in shares of Expedia Group by 2,614.5% during the third quarter. Voloridge Investment Management LLC now owns 69,708 shares of the online travel company’s stock worth $9,369,000 after purchasing an additional 67,140 shares during the last quarter. Finally, Bank of Hawaii boosted its holdings in shares of Expedia Group by 6.5% during the third quarter. Bank of Hawaii now owns 12,086 shares of the online travel company’s stock worth $1,624,000 after purchasing an additional 735 shares during the last quarter. Institutional investors and hedge funds own 92.91% 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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