Expedia Group, Inc. $EXPE Holdings Lessened by U S Global Investors Inc.

U S Global Investors Inc. lowered its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 20.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,645 shares of the online travel company’s stock after selling 15,295 shares during the quarter. Expedia Group comprises approximately 1.5% of U S Global Investors Inc.’s investment portfolio, making the stock its 17th biggest position. U S Global Investors Inc.’s holdings in Expedia Group were worth $15,445,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EXPE. First Trust Advisors LP raised its holdings in Expedia Group by 104.1% in the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock valued at $275,112,000 after acquiring an additional 607,698 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Expedia Group by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,190,874 shares of the online travel company’s stock valued at $274,948,000 after acquiring an additional 17,378 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Expedia Group by 13.3% during the 1st quarter. Pacer Advisors Inc. now owns 1,069,524 shares of the online travel company’s stock worth $246,942,000 after purchasing an additional 125,749 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Expedia Group by 67.7% during the 2nd quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company’s stock worth $199,622,000 after purchasing an additional 314,984 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Expedia Group during the 2nd quarter worth $166,203,000. Institutional investors own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wells Fargo & Company decreased their price target on Expedia Group from $307.00 to $275.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 7th. Royal Bank Of Canada upped their price objective on shares of Expedia Group from $290.00 to $330.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. Citigroup reiterated a “neutral” rating on shares of Expedia Group in a research note on Wednesday, August 12th. Evercore set a $430.00 target price on shares of Expedia Group in a report on Monday, August 24th. Finally, Susquehanna raised their target price on shares of Expedia Group from $250.00 to $315.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Eighteen research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $316.37.

Expedia Group Trading Up 4.5%

Shares of EXPE stock opened at $298.49 on Friday. The stock’s fifty day moving average price is $290.69 and its two-hundred day moving average price is $266.56. The company has a market cap of $35.82 billion, a PE ratio of 18.61, a P/E/G ratio of 0.69 and a beta of 1.36. Expedia Group, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $342.00. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.17 billion. During the same quarter last year, the company posted $4.24 EPS. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. Equities analysts predict that Expedia Group, Inc. will post 17.26 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, August 27th were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $1.92 annualized dividend and a yield of 0.6%. Expedia Group’s dividend payout ratio (DPR) is 11.97%.

Insider Activity at Expedia Group

In other Expedia Group news, Director Craig Jacobson sold 3,133 shares of Expedia Group stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $328.52, for a total value of $1,029,253.16. Following the transaction, the director owned 29,832 shares in the company, valued at $9,800,408.64. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Lance Soliday sold 2,810 shares of Expedia Group stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total value of $909,456.50. Following the completion of the transaction, the chief accounting officer owned 12,006 shares in the company, valued at approximately $3,885,741.90. This represents a 18.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,950 shares of company stock valued at $3,881,995 over the last ninety days. 5.20% of the stock is owned by corporate insiders.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group’s consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.