BBT Capital Management LLC Has $3.91 Million Position in Expedia Group Inc (EXPE)
BBT Capital Management LLC increased its stake in shares of Expedia Group Inc (NASDAQ:EXPE) by 200.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 30,000 shares of the online travel company’s stock after acquiring an additional 20,000 shares during the quarter. Expedia Group makes up about 1.4% of BBT Capital Management LLC’s investment portfolio, making the stock its 13th largest position. BBT Capital Management LLC’s holdings in Expedia Group were worth $3,914,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. IMA Wealth Inc. acquired a new stake in Expedia Group during the second quarter worth $105,000. Dupont Capital Management Corp grew its stake 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 purchasing an additional 544 shares in the last quarter. Buckley Wealth Management LLC acquired a new position in Expedia Group during the 3rd quarter worth $203,000. Advisor Partners LLC purchased a new stake in Expedia Group during the 3rd quarter worth about $203,000. Finally, Hilltop Holdings Inc. purchased a new stake in Expedia Group during the 2nd quarter worth about $206,000. Hedge funds and other institutional investors own 79.65% of the company’s stock.
In related news, insider Lance A. Soliday sold 3,281 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $119.28, for a total transaction of $391,357.68. Following the transaction, the insider now owns 7,674 shares in the company, valued at $915,354.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 20.96% of the stock is owned by company insiders.
Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, October 25th. The online travel company reported $3.65 EPS for the quarter, beating the Zacks’ consensus estimate of $3.12 by $0.53. Expedia Group had a net margin of 4.04% and a return on equity of 11.79%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter last year, the business earned $2.51 earnings per share. As a group, analysts anticipate that Expedia Group Inc will post 4.5 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.15%. Expedia Group’s dividend payout ratio is presently 34.41%.
Several analysts have recently weighed in on EXPE shares. Citigroup boosted their target price on Expedia Group from $140.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 30th. Guggenheim reiterated a “buy” rating and set a $160.00 target price on shares of Expedia Group in a research report on Friday, July 27th. DA Davidson set a $160.00 target price on Expedia Group and gave the stock a “buy” rating in a research report on Friday, July 27th. Wedbush boosted their target price on Expedia Group from $117.00 to $133.00 and gave the stock a “hold” rating in a research report on Friday, July 27th. Finally, Stifel Nicolaus boosted their target price on Expedia Group from $122.00 to $136.00 and gave the stock a “hold” rating in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $147.79.
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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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