Fagan Associates Inc. Lowers Stake in Expedia Group Inc (EXPE)

Fagan Associates Inc. reduced its stake in shares of Expedia Group Inc (NASDAQ:EXPE) by 7.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,440 shares of the online travel company’s stock after selling 1,555 shares during the period. Expedia Group makes up approximately 1.1% of Fagan Associates Inc.’s investment portfolio, making the stock its 26th biggest holding. Fagan Associates Inc.’s holdings in Expedia Group were worth $2,190,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EXPE. Legacy Bridge LLC purchased a new position in Expedia Group in the fourth quarter valued at $35,000. River Wealth Advisors LLC increased its holdings in Expedia Group by 50.0% in the fourth quarter. River Wealth Advisors LLC now owns 540 shares of the online travel company’s stock valued at $61,000 after buying an additional 180 shares in the last quarter. First Interstate Bank purchased a new position in Expedia Group in the fourth quarter valued at $93,000. Mondrian Capital Management LLC purchased a new position in Expedia Group in the fourth quarter valued at $113,000. Finally, ETF Managers Group LLC increased its holdings in Expedia Group by 15.6% in the fourth quarter. ETF Managers Group LLC now owns 1,177 shares of the online travel company’s stock valued at $133,000 after buying an additional 159 shares in the last quarter. Institutional investors and hedge funds own 80.65% of the company’s stock.

EXPE opened at $130.80 on Monday. The stock has a market cap of $19.52 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 1.51 and a beta of 1.04. Expedia Group Inc has a twelve month low of $98.52 and a twelve month high of $139.77. The company has a current ratio of 0.64, a quick ratio of 0.70 and a debt-to-equity ratio of 0.66.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 7th. The online travel company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.50. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.55 billion. Expedia Group had a net margin of 3.62% and a return on equity of 12.96%. Expedia Group’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 earnings per share. Equities analysts predict that Expedia Group Inc will post 5.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Thursday, March 7th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.98%. Expedia Group’s payout ratio is presently 26.61%.

A number of research analysts have weighed in on EXPE shares. Morgan Stanley cut shares of Expedia Group from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $150.00 to $125.00 in a report on Wednesday, January 9th. Credit Suisse Group dropped their target price on shares of Expedia Group from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 24th. Deutsche Bank dropped their target price on shares of Expedia Group from $147.00 to $146.00 and set a “buy” rating on the stock in a research report on Tuesday, October 23rd. SunTrust Banks reiterated a “buy” rating and issued a $180.00 target price on shares of Expedia Group in a research report on Tuesday, October 16th. Finally, Barclays dropped their target price on shares of Expedia Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Friday, October 26th. Eleven research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $145.11.

In other Expedia Group news, Director Dara Khosrowshahi sold 50,000 shares of the business’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $125.17, for a total value of $6,258,500.00. Following the transaction, the director now directly owns 462,910 shares in the company, valued at approximately $57,942,444.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lance A. Soliday sold 1,749 shares of the business’s stock in a transaction dated Wednesday, January 16th. The shares were sold at an average price of $116.70, for a total transaction of $204,108.30. Following the completion of the transaction, the insider now owns 6,393 shares in the company, valued at $746,063.10. The disclosure for this sale can be found here. Insiders sold a total of 55,030 shares of company stock worth $6,853,966 over the last quarter. 20.96% of the stock is currently owned by company insiders.

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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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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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