Lance Soliday Sells 2,810 Shares of Expedia Group (NASDAQ:EXPE) Stock

Expedia Group, Inc. (NASDAQ:EXPE) CAO Lance Soliday sold 2,810 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total transaction of $909,456.50. Following the transaction, the chief accounting officer directly owned 12,006 shares in the company, valued at approximately $3,885,741.90. The trade was a 18.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Expedia Group Price Performance

NASDAQ EXPE opened at $321.63 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $38.60 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 0.79 and a beta of 1.22. The company has a 50 day moving average price of $280.28 and a two-hundred day moving average price of $248.08. Expedia Group, Inc. has a 12-month low of $185.34 and a 12-month high of $335.00.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, topping the consensus estimate of $5.22 by $0.54. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.24 earnings per share. As a group, equities analysts predict that Expedia Group, Inc. will post 17.15 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 27th. Expedia Group’s dividend payout ratio is presently 11.97%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Windacre Partnership LLC lifted its stake in shares of Expedia Group by 9.2% in the third quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock valued at $787,049,000 after buying an additional 309,900 shares during the period. AQR Capital Management LLC increased its stake in Expedia Group by 25.0% during the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock valued at $779,275,000 after acquiring an additional 728,063 shares during the period. Invesco Ltd. raised its holdings in Expedia Group by 8.0% in the 3rd quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock valued at $667,507,000 after acquiring an additional 230,176 shares in the last quarter. Norges Bank acquired a new position in Expedia Group in the 4th quarter valued at approximately $861,979,000. Finally, Wellington Management Group LLP raised its holdings in Expedia Group by 24,899.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after acquiring an additional 1,801,232 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. B. Riley Financial lifted their price target on shares of Expedia Group from $350.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Evercore reaffirmed an “outperform” rating on shares of Expedia Group in a report on Thursday, August 6th. BTIG Research raised their target price on shares of Expedia Group from $330.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Dbs Bank upgraded shares of Expedia Group from a “hold” rating to a “moderate buy” rating in a report on Monday, May 11th. Finally, Citigroup reiterated a “neutral” rating on shares of Expedia Group in a report on Wednesday, August 12th. Seventeen equities research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company. According to data from MarketBeat.com, Expedia Group currently has an average rating of “Hold” and an average target price of $314.27.

Expedia Group Company Profile

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.