Expedia Group (NASDAQ:EXPE) Shares Down 7% – Here’s What Happened

Shares of Expedia Group, Inc. (NASDAQ:EXPE) fell 7% on Tuesday . The stock traded as low as $276.29 and last traded at $277.1120. Approximately 1,534,832 shares changed hands during trading, a decline of 23% from the average session volume of 1,999,941 shares. The stock had previously closed at $298.04.

Analysts Set New Price Targets

EXPE has been the subject of several analyst reports. Barclays boosted their target price on shares of Expedia Group from $264.00 to $320.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Susquehanna lifted their price objective on shares of Expedia Group from $250.00 to $315.00 and gave the company a “neutral” rating in a report on Friday, August 7th. UBS Group upped their price objective on shares of Expedia Group from $322.00 to $351.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Robert W. Baird set a $335.00 target price on shares of Expedia Group in a research note on Thursday, August 6th. Finally, Wall Street Zen cut Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Eighteen equities research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $318.71.

Expedia Group Trading Down 7.2%

The company’s fifty day simple moving average is $295.50 and its 200-day simple moving average is $254.81. The firm has a market capitalization of $33.19 billion, a PE ratio of 17.23, a P/E/G ratio of 0.73 and a beta of 1.25. 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 (NASDAQ:EXPE) last released its earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, topping analysts’ consensus estimates of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.17 billion. During the same quarter in the previous year, the company earned $4.24 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts expect that Expedia Group, Inc. will post 17.15 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, August 27th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 27th. Expedia Group’s dividend payout ratio is currently 11.97%.

Insiders Place Their Bets

In other news, insider Robert Dzielak sold 1,004 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $335.00, for a total transaction of $336,340.00. Following the completion of the sale, the insider owned 104,331 shares of the company’s stock, valued at $34,950,885. This represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lance Soliday sold 2,810 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total transaction of $909,456.50. Following the completion of the transaction, the chief accounting officer directly owned 12,006 shares in the company, valued at approximately $3,885,741.90. This represents a 18.97% 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 valued at $3,881,995 in the last 90 days. 5.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Expedia Group

Several hedge funds and other institutional investors have recently made changes to their positions in EXPE. Motiv8 Investments LLC acquired a new position in Expedia Group during the fourth quarter worth $25,000. Entrust Financial LLC purchased a new position in shares of Expedia Group during the 4th quarter worth $26,000. First Bancorp Inc ME acquired a new position in shares of Expedia Group during the 2nd quarter valued at about $28,000. DV Equities LLC acquired a new position in shares of Expedia Group during the 4th quarter valued at about $46,000. Finally, Elevation Wealth Partners LLC grew its holdings in shares of Expedia Group by 272.9% in the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock valued at $46,000 after purchasing an additional 131 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

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.