Engineers Gate Manager LP Has $1.86 Million Holdings in Expedia Group, Inc. $EXPE

Engineers Gate Manager LP decreased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 55.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 7,263 shares of the online travel company’s stock after selling 8,991 shares during the period. Engineers Gate Manager LP’s holdings in Expedia Group were worth $1,858,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Plato Investment Management Ltd acquired a new position in Expedia Group during the second quarter worth $2,562,000. Corient Private Wealth LLC grew its holdings in shares of Expedia Group by 17.8% during the fourth quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company’s stock valued at $17,344,000 after buying an additional 9,256 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Expedia Group during the second quarter valued at about $166,203,000. Lombard Odier Asset Management Switzerland SA bought a new stake in shares of Expedia Group during the first quarter worth about $910,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Expedia Group during the second quarter worth about $1,354,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Expedia Group

In other news, Director Craig Jacobson sold 3,133 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $328.52, for a total value of $1,029,253.16. Following the completion of the transaction, the director directly owned 29,832 shares of the company’s stock, valued at $9,800,408.64. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Lance Soliday sold 2,810 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total value of $909,456.50. Following the sale, the chief accounting officer directly owned 12,006 shares of the company’s stock, valued at $3,885,741.90. The trade was a 18.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 11,950 shares of company stock worth $3,881,995 in the last 90 days. Insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TD Cowen raised their price target on shares of Expedia Group from $285.00 to $320.00 and gave the company a “hold” rating in a research report on Friday, August 7th. Weiss Ratings raised Expedia Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Robert W. Baird set a $335.00 price objective on Expedia Group in a research note on Thursday, August 6th. Morgan Stanley increased their price objective on Expedia Group from $290.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Finally, Evercore set a $430.00 target price on Expedia Group in a report on Monday, August 24th. Eighteen equities research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Expedia Group currently has an average rating of “Hold” and an average target price of $318.71.

Expedia Group Stock Up 1.8%

EXPE opened at $293.08 on Wednesday. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. The company’s 50-day moving average is $297.33 and its 200 day moving average is $258.25. Expedia Group, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $342.00. The firm has a market capitalization of $35.18 billion, a P/E ratio of 18.27, a PEG ratio of 0.70 and a beta of 1.25.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.22 by $0.54. The business 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 firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.24 EPS. Research analysts expect 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. Stockholders of record on Thursday, August 27th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 27th. Expedia Group’s payout ratio is presently 11.97%.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with lodging, transportation, activities and other travel-related services. Its consumer brands include Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these platforms, customers can search for and book hotel stays, vacation rentals, flights, rental cars, cruises, vacation packages and activities.

The company also provides business-to-business travel technology and booking services through its partnerships with airlines, hotels, financial institutions, retailers and other organizations.