Expedia Group, Inc. (NASDAQ:EXPE – Get Free Report) declared a quarterly dividend on Thursday, November 6th. Investors of record on Wednesday, November 19th will be given a dividend of 0.40 per share by the online travel company on Thursday, December 11th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, November 19th.
Expedia Group has decreased its dividend by an average of 1.0%per year over the last three years. Expedia Group has a dividend payout ratio of 9.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Expedia Group to earn $14.75 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 10.8%.
Expedia Group Stock Performance
Shares of EXPE stock opened at $258.25 on Friday. The business’s 50 day moving average is $219.50 and its two-hundred day moving average is $192.05. Expedia Group has a 12-month low of $130.01 and a 12-month high of $264.20. The company has a market capitalization of $31.95 billion, a P/E ratio of 31.65, a P/E/G ratio of 1.15 and a beta of 1.58. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14.
Insider Buying and Selling
In other news, CAO Lance A. Soliday sold 852 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total transaction of $175,409.76. Following the transaction, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $2,477,971.68. This trade represents a 6.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $207.78, for a total transaction of $623,340.00. Following the sale, the director owned 33,858 shares of the company’s stock, valued at $7,035,015.24. This trade represents a 8.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 9,816 shares of company stock worth $2,009,132. Corporate insiders own 9.13% of the company’s stock.
Institutional Investors Weigh In On Expedia Group
A number of hedge funds have recently added to or reduced their stakes in the company. Spire Wealth Management increased its position in Expedia Group by 114.3% during the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock worth $25,000 after purchasing an additional 80 shares during the period. McClarren Financial Advisors Inc. purchased a new stake in shares of Expedia Group in the first quarter valued at approximately $28,000. Atlas Capital Advisors Inc. acquired a new position in Expedia Group during the first quarter worth $28,000. GFG Capital LLC acquired a new position in Expedia Group during the second quarter worth $29,000. Finally, Grey Fox Wealth Advisors LLC purchased a new position in Expedia Group in the third quarter worth $30,000. Institutional investors and hedge funds own 90.76% of the company’s stock.
Expedia Group Company Profile
Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.
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