Expedia Group Inc (NASDAQ:EXPE) Shares Sold by TD Asset Management Inc.
TD Asset Management Inc. lessened its stake in Expedia Group Inc (NASDAQ:EXPE) by 1.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 38,866 shares of the online travel company’s stock after selling 394 shares during the period. TD Asset Management Inc.’s holdings in Expedia Group were worth $5,170,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in Expedia Group during the second quarter worth $28,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Expedia Group in the second quarter valued at $41,000. Private Capital Group LLC grew its stake in shares of Expedia Group by 788.6% in the first quarter. Private Capital Group LLC now owns 391 shares of the online travel company’s stock valued at $47,000 after buying an additional 347 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Expedia Group by 95.2% in the first quarter. Parallel Advisors LLC now owns 406 shares of the online travel company’s stock valued at $48,000 after buying an additional 198 shares in the last quarter. Finally, Thor Advisors LLC acquired a new stake in shares of Expedia Group in the first quarter valued at $65,000. 77.09% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on EXPE shares. Credit Suisse Group lifted their price objective on Expedia Group from $147.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. BidaskClub cut Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. Citigroup set a $140.00 price objective on Expedia Group and gave the company a “hold” rating in a research note on Friday, July 26th. Cleveland Research started coverage on Expedia Group in a research note on Wednesday, June 19th. They issued a “neutral” rating for the company. Finally, Standpoint Research started coverage on Expedia Group in a research note on Tuesday, July 16th. They issued a “buy” rating and a $180.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $152.43.
Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, July 25th. The online travel company reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.07. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. Expedia Group’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.45 EPS. Equities analysts forecast that Expedia Group Inc will post 5.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.04%. This is an increase from Expedia Group’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, August 21st. Expedia Group’s payout ratio is 26.61%.
In other Expedia Group news, Director Craig A. Jacobson sold 3,300 shares of Expedia Group stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $130.53, for a total transaction of $430,749.00. Following the completion of the sale, the director now directly owns 30,480 shares of the company’s stock, valued at approximately $3,978,554.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan C. Athey sold 2,425 shares of Expedia Group stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $134.59, for a total value of $326,380.75. Following the sale, the director now directly owns 1,462 shares of the company’s stock, valued at $196,770.58. The disclosure for this sale can be found here. 20.96% of the stock is owned by insiders.
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.
Read More: Are we seeing the beginning of a new bubble?
Want to see what other hedge funds are holding EXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expedia Group Inc (NASDAQ:EXPE).
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.