Expedia Group, Inc. (NASDAQ:EXPE) Declares Quarterly Dividend of $0.48

Expedia Group, Inc. (NASDAQ:EXPE) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Wednesday, November 18th will be paid a dividend of $0.48 per share by the online travel company on Thursday, December 10th. This represents a $1.92 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, November 18th.

Expedia Group has increased its dividend by an average of 0.4% per year over the last three years. Expedia Group has a payout ratio of 11.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Expedia Group to earn $20.46 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 9.4%.

Expedia Group Price Performance

EXPE stock opened at $315.88 on Thursday. The company has a market capitalization of $37.91 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 0.69 and a beta of 1.39. 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 has a 52-week low of $185.34 and a 52-week high of $342.00. The business has a 50-day simple moving average of $284.21 and a two-hundred day simple moving average of $259.60.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Wednesday, November 4th. The online travel company reported $9.39 EPS for the quarter, topping analysts’ consensus estimates of $8.85 by $0.54. The firm had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.73 billion. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $7.57 EPS. Research analysts expect that Expedia Group will post 17.37 EPS for the current fiscal year.

Insider Activity

In other Expedia Group news, insider Robert Dzielak sold 3,003 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $315.00, for a total value of $945,945.00. Following the transaction, the insider owned 103,829 shares of the company’s stock, valued at approximately $32,706,135. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lance Soliday sold 2,810 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $3,885,741.90. This trade represents a 18.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 11,950 shares of company stock valued at $3,881,995 over the last three months. Corporate insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Expedia Group

Several large investors have recently modified their holdings of EXPE. Bank of New York Mellon Corp bought a new stake in shares of Expedia Group in the second quarter valued at $166,203,000. First Trust Advisors LP boosted its position in shares of Expedia Group by 104.1% in the first 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 during the period. Wellington Management Group LLP grew its position 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 valued at $199,622,000 after purchasing an additional 314,984 shares in the last quarter. SEB Asset Management AB purchased a new position in Expedia Group during the first quarter worth about $53,254,000. Finally, KBC Group NV grew its holdings in shares of Expedia Group by 201.3% during the first quarter. KBC Group NV now owns 276,150 shares of the online travel company’s stock worth $63,761,000 after purchasing an additional 184,507 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

About Expedia Group

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.