Canada Pension Plan Investment Board cut its holdings in shares of Expedia Group Inc (NASDAQ:EXPE) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 824,467 shares of the online travel company’s stock after selling 3,181 shares during the quarter. Canada Pension Plan Investment Board owned 0.55% of Expedia Group worth $99,093,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. IMA Wealth Inc. acquired a new stake in Expedia Group during the 2nd quarter worth approximately $105,000. Optimum Investment Advisors acquired a new stake in Expedia Group during the 1st quarter worth approximately $131,000. Dupont Capital Management Corp lifted its holdings in Expedia Group by 62.8% during the 2nd quarter. Dupont Capital Management Corp now owns 1,410 shares of the online travel company’s stock worth $169,000 after buying an additional 544 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its holdings in Expedia Group by 100.0% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 1,800 shares of the online travel company’s stock worth $198,000 after buying an additional 900 shares in the last quarter. Finally, Raymond James Trust N.A. acquired a new stake in Expedia Group during the 2nd quarter worth approximately $208,000. Institutional investors own 80.23% of the company’s stock.
Shares of NASDAQ:EXPE opened at $131.20 on Friday. Expedia Group Inc has a 52 week low of $98.52 and a 52 week high of $154.24. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $19.73 billion, a price-to-earnings ratio of 35.27, a PEG ratio of 1.86 and a beta of 1.37.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Shareholders of record on Thursday, August 23rd will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, August 22nd. This is an increase from Expedia Group’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.98%. Expedia Group’s dividend payout ratio is currently 32.26%.
A number of equities research analysts have issued reports on EXPE shares. Credit Suisse Group increased their target price on shares of Expedia Group from $129.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, April 27th. KeyCorp increased their target price on shares of Expedia Group from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, April 27th. BidaskClub upgraded shares of Expedia Group from a “hold” rating to a “buy” rating in a report on Thursday, April 26th. Royal Bank of Canada reiterated a “buy” rating and set a $141.00 target price on shares of Expedia Group in a report on Tuesday, April 24th. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $130.00 target price on shares of Expedia Group in a report on Tuesday, April 24th. Ten research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $150.06.
In related news, Director Craig A. Jacobson sold 3,500 shares of the stock in a transaction on Monday, August 6th. The shares were sold at an average price of $133.48, for a total value of $467,180.00. Following the transaction, the director now directly 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 is available at this link. Also, Director Susan C. Athey sold 1,547 shares of the stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $133.99, for a total transaction of $207,282.53. Following the completion of the transaction, the director now directly owns 1,974 shares in the company, valued at $264,496.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,316 shares of company stock worth $1,125,813. Insiders own 20.96% of the company’s stock.
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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