Expedia Group, Inc. $EXPE Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,236 shares of the online travel company’s stock after selling 3,363 shares during the period. Vontobel Holding Ltd.’s holdings in Expedia Group were worth $8,490,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Independence Bank of Kentucky boosted its stake in Expedia Group by 0.6% during the second quarter. Independence Bank of Kentucky now owns 5,270 shares of the online travel company’s stock worth $1,348,000 after buying an additional 32 shares in the last quarter. Western Financial Corp CA raised its stake in shares of Expedia Group by 0.9% in the 3rd quarter. Western Financial Corp CA now owns 4,389 shares of the online travel company’s stock valued at $1,156,000 after buying an additional 39 shares in the last quarter. Petredis Investment Advisors LLC raised its stake in shares of Expedia Group by 3.2% in the 1st quarter. Petredis Investment Advisors LLC now owns 1,305 shares of the online travel company’s stock valued at $301,000 after buying an additional 40 shares in the last quarter. Legacy Wealth Asset Management LLC raised its stake in shares of Expedia Group by 3.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 1,535 shares of the online travel company’s stock valued at $404,000 after buying an additional 46 shares in the last quarter. Finally, Beacon Financial Advisory LLC lifted its holdings in shares of Expedia Group by 3.0% during the 1st quarter. Beacon Financial Advisory LLC now owns 1,628 shares of the online travel company’s stock worth $376,000 after acquiring an additional 48 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on EXPE shares. Jefferies Financial Group lifted their target price on shares of Expedia Group from $300.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. B. Riley Financial increased their price target on shares of Expedia Group from $350.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. UBS Group raised their price target on shares of Expedia Group from $322.00 to $351.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 12th. Citigroup restated a “neutral” rating on shares of Expedia Group in a research note on Wednesday, August 12th. Finally, Morgan Stanley downgraded Expedia Group from an “equal weight” rating to an “underweight” rating and set a $235.00 price objective on the stock. in a report on Wednesday, September 16th. Eighteen investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $315.24.

Expedia Group Stock Down 1.0%

Shares of NASDAQ EXPE opened at $288.95 on Friday. Expedia Group, Inc. has a 52-week low of $185.34 and a 52-week high of $342.00. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. The business has a fifty day moving average of $292.94 and a two-hundred day moving average of $264.41. The stock has a market cap of $34.68 billion, a PE ratio of 18.01, a PEG ratio of 0.70 and a beta of 1.36.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, topping the consensus estimate 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 quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.24 EPS. As a group, equities research analysts expect that Expedia Group, Inc. will post 17.26 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th were given a $0.48 dividend. The ex-dividend date was Thursday, August 27th. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. Expedia Group’s payout ratio is 11.97%.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Craig Jacobson sold 3,133 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $328.52, for a total value of $1,029,253.16. Following the transaction, the director directly owned 29,832 shares in the company, valued at $9,800,408.64. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Dzielak sold 3,003 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was 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 $32,706,135. This represents a 2.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,950 shares of company stock worth $3,881,995 over the last ninety days. Corporate insiders own 5.20% of the company’s stock.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its platforms support the search, comparison and booking of lodging, air travel, car rentals, cruises, vacation packages, activities and other travel-related offerings.

The company operates a portfolio of consumer brands that includes Expedia, Hotels.com, Vrbo, Travelocity, Orbitz, Wotif and ebookers. Through these brands, Expedia Group serves individual travelers, property owners, travel suppliers and business partners across markets in North America, Europe, Asia-Pacific and other international regions.

Expedia Group traces its origins to Expedia, which was established within Microsoft in 1996 and became an independent public company in 1999.