Nomura Holdings Inc. lessened its holdings in shares of Expedia Group Inc (NASDAQ:EXPE) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 327,654 shares of the online travel company’s stock after selling 1,292 shares during the period. Nomura Holdings Inc. owned 0.22% of Expedia Group worth $43,647,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. FNY Investment Advisers LLC bought a new stake in shares of Expedia Group during the 2nd quarter valued at about $28,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Expedia Group during the 2nd quarter valued at about $41,000. Glassman Wealth Services grew its position in shares of Expedia Group by 404.3% during the 2nd quarter. Glassman Wealth Services now owns 353 shares of the online travel company’s stock valued at $47,000 after buying an additional 283 shares during the last quarter. Thor Advisors LLC bought a new stake in shares of Expedia Group during the 1st quarter valued at about $65,000. Finally, FinTrust Capital Advisors LLC grew its position in shares of Expedia Group by 1,381.8% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 489 shares of the online travel company’s stock valued at $65,000 after buying an additional 456 shares during the last quarter. 80.03% of the stock is owned by institutional investors and hedge funds.
In related news, insider Lance A. Soliday sold 2,724 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $127.93, for a total transaction of $348,481.32. Following the completion of the sale, the insider now directly owns 8,009 shares of the company’s stock, valued at $1,024,591.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 50,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $132.98, for a total transaction of $6,649,000.00. Following the sale, the director now directly owns 477,677 shares of the company’s stock, valued at $63,521,487.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,449 shares of company stock valued at $7,754,611. Company insiders own 20.96% of the company’s stock.
EXPE has been the subject of a number of recent research reports. Argus raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Wednesday, July 31st. Royal Bank of Canada boosted their price objective on shares of Expedia Group to $177.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. SunTrust Banks set a $188.00 price objective on shares of Expedia Group and gave the company a “buy” rating in a research report on Friday, September 13th. UBS Group upped their target price on shares of Expedia Group to $156.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Oppenheimer set a $160.00 target price on shares of Expedia Group and gave the stock a “buy” rating in a research report on Friday, July 26th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $152.57.
Shares of Expedia Group stock traded down $0.49 on Friday, hitting $133.99. The company had a trading volume of 115,221 shares, compared to its average volume of 1,180,127. The business has a 50-day simple moving average of $129.82 and a 200-day simple moving average of $126.54. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $20.24 billion, a PE ratio of 27.83, a PEG ratio of 1.71 and a beta of 1.07. Expedia Group Inc has a 52 week low of $108.11 and a 52 week high of $144.00.
Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, July 25th. The online travel company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.07. Expedia Group had a net margin of 5.36% and a return on equity of 14.20%. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the firm posted $1.45 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. On average, equities research analysts predict that Expedia Group Inc will post 5.8 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 22nd were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This is a positive change from Expedia Group’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 1.02%. Expedia Group’s dividend payout ratio is currently 28.27%.
Expedia Group Profile
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, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
See Also: Earnings Per Share (EPS)
Receive News & Ratings for Expedia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Group and related companies with MarketBeat.com's FREE daily email newsletter.