Expedia Group, Inc. $EXPE Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 12.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 714,239 shares of the online travel company’s stock after selling 98,978 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Expedia Group were worth $188,102,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Diversify Advisory Services LLC grew its stake in shares of Expedia Group by 171.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 3,943 shares of the online travel company’s stock worth $1,151,000 after purchasing an additional 2,492 shares during the last quarter. Seed Wealth Management Inc. acquired a new stake in Expedia Group during the third quarter valued at approximately $204,000. 55 North Private Wealth LLC boosted its holdings in Expedia Group by 12.9% during the third quarter. 55 North Private Wealth LLC now owns 1,413 shares of the online travel company’s stock worth $372,000 after buying an additional 162 shares in the last quarter. Investment Research Partners LLC boosted its holdings in Expedia Group by 1.7% during the third quarter. Investment Research Partners LLC now owns 2,205 shares of the online travel company’s stock worth $581,000 after buying an additional 37 shares in the last quarter. Finally, Fairvoy Private Wealth LLC bought a new stake in Expedia Group during the third quarter worth approximately $1,047,000. 90.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on EXPE shares. Barclays upped their price target on Expedia Group from $264.00 to $320.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Citigroup reiterated a “neutral” rating on shares of Expedia Group in a research report on Wednesday, August 12th. Benchmark raised their price objective on Expedia Group from $290.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Wells Fargo & Company decreased their target price on Expedia Group from $307.00 to $275.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 7th. Finally, Cantor Fitzgerald boosted their target price on Expedia Group from $255.00 to $310.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Eighteen equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $316.37.

Insiders Place Their Bets

In other Expedia Group news, Director Craig Jacobson sold 3,133 shares of Expedia Group stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the transaction, the director directly owned 29,832 shares in the company, valued at approximately $9,800,408.64. The trade was a 9.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Dzielak sold 3,003 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $315.00, for a total transaction of $945,945.00. Following the sale, the insider directly owned 103,829 shares in the company, valued at approximately $32,706,135. This trade represents a 2.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 11,950 shares of company stock worth $3,881,995. Corporate insiders own 5.20% of the company’s stock.

Expedia Group Stock Performance

Expedia Group stock opened at $300.76 on Wednesday. The firm’s 50 day simple moving average is $292.09 and its 200-day simple moving average is $265.62. The company has a market cap of $36.10 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. Expedia Group, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $342.00.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.22 by $0.54. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.24 earnings per share. As a group, equities research analysts predict that Expedia Group, Inc. will post 17.26 EPS for the current year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th were 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 was Thursday, August 27th. Expedia Group’s payout ratio is presently 11.97%.

About Expedia Group

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group’s consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.