Expedia Group (NASDAQ:EXPE) Sees Large Volume Increase
Expedia Group Inc (NASDAQ:EXPE) saw unusually-strong trading volume on Wednesday . Approximately 16,733,774 shares changed hands during mid-day trading, an increase of 778% from the previous session’s volume of 1,906,222 shares.The stock last traded at $105.56 and had previously closed at $99.39.
A number of brokerages have weighed in on EXPE. Consumer Edge began coverage on Expedia Group in a research note on Monday, November 18th. They set an “equal weight” rating and a $100.00 price objective for the company. Barclays reaffirmed a “buy” rating and issued a $151.00 target price on shares of Expedia Group in a research report on Wednesday, October 16th. Bank of America cut Expedia Group from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. Raymond James decreased their price target on shares of Expedia Group from $150.00 to $136.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Finally, Jefferies Financial Group decreased their price target on shares of Expedia Group from $170.00 to $145.00 and set an “average” rating for the company in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $139.46.
The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.80. The firm’s 50 day simple moving average is $114.87 and its two-hundred day simple moving average is $126.06. The stock has a market cap of $14.73 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 19th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.36 dividend on an annualized basis and a yield of 1.26%. Expedia Group’s dividend payout ratio is currently 28.27%.
In related news, CAO Lance A. Soliday sold 2,722 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $95.69, for a total transaction of $260,468.18. Following the completion of the transaction, the chief accounting officer now directly owns 8,285 shares in the company, valued at approximately $792,791.65. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jon T. Gieselman acquired 2,393 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average price of $105.68 per share, with a total value of $252,892.24. Insiders sold 61,944 shares of company stock worth $8,141,690 in the last three months. 2.10% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in EXPE. Kenmare Capital Partners L.L.C. lifted its position in Expedia Group by 25.6% in the 3rd quarter. Kenmare Capital Partners L.L.C. now owns 53,044 shares of the online travel company’s stock valued at $7,130,000 after purchasing an additional 10,817 shares during the last quarter. Metropolitan Life Insurance Co NY increased its stake in shares of Expedia Group by 14.3% in the third quarter. Metropolitan Life Insurance Co NY now owns 26,851 shares of the online travel company’s stock valued at $3,609,000 after purchasing an additional 3,361 shares during the period. Man Group plc increased its stake in shares of Expedia Group by 16.6% in the third quarter. Man Group plc now owns 1,582,879 shares of the online travel company’s stock valued at $212,755,000 after purchasing an additional 225,821 shares during the period. Voloridge Investment Management LLC raised its holdings in shares of Expedia Group by 2,614.5% during the third quarter. Voloridge Investment Management LLC now owns 69,708 shares of the online travel company’s stock valued at $9,369,000 after buying an additional 67,140 shares during the last quarter. Finally, Bank of Hawaii raised its holdings in shares of Expedia Group by 6.5% during the third quarter. Bank of Hawaii now owns 12,086 shares of the online travel company’s stock valued at $1,624,000 after buying an additional 735 shares during the last quarter. 92.67% of the stock is owned by institutional investors.
About Expedia Group (NASDAQ:EXPE)
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.
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