Optimum Investment Advisors Increases Stake in Expedia Group Inc (EXPE)
Optimum Investment Advisors grew its stake in shares of Expedia Group Inc (NASDAQ:EXPE) by 8.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,290 shares of the online travel company’s stock after purchasing an additional 100 shares during the period. Optimum Investment Advisors’ holdings in Expedia Group were worth $145,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in EXPE. Legacy Bridge LLC purchased a new position in Expedia Group during the 4th quarter valued at about $35,000. River Wealth Advisors LLC raised 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 worth $61,000 after buying an additional 180 shares during the last quarter. First Interstate Bank purchased a new position in Expedia Group in the fourth quarter worth about $93,000. Mondrian Capital Management LLC purchased a new position in Expedia Group in the fourth quarter worth about $113,000. Finally, ETF Managers Group LLC raised 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 worth $133,000 after buying an additional 159 shares during the last quarter. 80.65% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Lance A. Soliday sold 1,749 shares of the stock in a transaction on Wednesday, January 16th. The shares were sold at an average price of $116.70, for a total value of $204,108.30. Following the sale, the insider now owns 6,393 shares of the company’s stock, valued at $746,063.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Lance A. Soliday sold 3,281 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 7,674 shares in the company, valued at approximately $915,354.72. The disclosure for this sale can be found here. Insiders have sold 55,030 shares of company stock valued at $6,853,966 over the last 90 days. 20.96% of the stock is currently owned by company insiders.
Shares of NASDAQ EXPE opened at $126.63 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.70. The company has a market cap of $18.90 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 1.51 and a beta of 1.04. Expedia Group Inc has a 12-month low of $99.07 and a 12-month high of $139.77.
Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 7th. The online travel company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.50. The company had revenue of $2.56 billion during 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%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 earnings per share. Equities research analysts anticipate that Expedia Group Inc will post 5.49 EPS for the current year.
The firm also recently announced 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. The ex-dividend date is Wednesday, March 6th. This represents a $1.28 annualized dividend and a yield of 1.01%. Expedia Group’s dividend payout ratio (DPR) is 26.61%.
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Expedia Group Profile
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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