Sterling Capital Management LLC raised its stake in shares of Expedia Group Inc (NASDAQ:EXPE) by 38.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,457 shares of the online travel company’s stock after purchasing an additional 9,536 shares during the period. Sterling Capital Management LLC’s holdings in Expedia Group were worth $4,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Expedia Group by 2.9% in the first quarter. BlackRock Inc. now owns 7,556,157 shares of the online travel company’s stock worth $834,275,000 after buying an additional 214,244 shares during the period. Artisan Partners Limited Partnership increased its holdings in Expedia Group by 324.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 5,445,867 shares of the online travel company’s stock worth $654,539,000 after purchasing an additional 4,163,557 shares during the period. First Pacific Advisors LLC increased its holdings in Expedia Group by 9.3% during the 1st quarter. First Pacific Advisors LLC now owns 2,909,233 shares of the online travel company’s stock worth $321,208,000 after purchasing an additional 247,413 shares during the period. First Trust Advisors LP increased its holdings in Expedia Group by 7.7% during the 2nd quarter. First Trust Advisors LP now owns 1,827,633 shares of the online travel company’s stock worth $219,663,000 after purchasing an additional 130,021 shares during the period. Finally, Morgan Stanley increased its holdings in Expedia Group by 128.4% during the 2nd quarter. Morgan Stanley now owns 979,095 shares of the online travel company’s stock worth $117,678,000 after purchasing an additional 550,396 shares during the period. Institutional investors and hedge funds own 79.46% of the company’s stock.

In other news, Director Craig A. Jacobson sold 3,500 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $133.48, for a total value of $467,180.00. Following the completion of the sale, the director now owns 31,764 shares of the company’s stock, valued at approximately $4,239,858.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lance A. Soliday sold 3,269 shares of the firm’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $138.07, for a total value of $451,350.83. Following the completion of the sale, the insider now directly owns 7,143 shares of the company’s stock, valued at approximately $986,234.01. The disclosure for this sale can be found here. Insiders sold a total of 8,316 shares of company stock valued at $1,125,813 in the last three months. Insiders own 20.96% of the company’s stock.

Expedia Group stock opened at $130.41 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $19.63 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 1.85 and a beta of 1.36. Expedia Group Inc has a 1-year low of $98.52 and a 1-year high of $154.24.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, July 26th. The online travel company reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.83. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Expedia Group had a return on equity of 9.48% and a net margin of 2.54%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 EPS. equities research analysts expect that Expedia Group Inc will post 4.42 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Thursday, August 23rd were given a $0.32 dividend. This is a boost from Expedia Group’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, August 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.98%. Expedia Group’s dividend payout ratio (DPR) is presently 34.41%.

Several research analysts have commented on EXPE shares. Guggenheim restated a “buy” rating and set a $160.00 price objective on shares of Expedia Group in a report on Friday, July 27th. Credit Suisse Group raised their price objective on Expedia Group from $135.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Cowen set a $155.00 price objective on Expedia Group and gave the stock a “buy” rating in a report on Friday, July 27th. DA Davidson set a $160.00 price objective on Expedia Group and gave the stock a “buy” rating in a report on Friday, July 27th. Finally, KeyCorp raised their price objective on Expedia Group from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Twelve research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $149.47.

About Expedia Group

Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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