Jefferies Financial Group Inc. Sells 55,918 Shares of Expedia Group, Inc. $EXPE

Jefferies Financial Group Inc. lowered its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 62.4% during the 3rd quarter, Holdings Channel reports. The firm owned 33,645 shares of the online travel company’s stock after selling 55,918 shares during the period. Jefferies Financial Group Inc.’s holdings in Expedia Group were worth $8,861,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. First Command Advisory Services Inc. boosted its holdings in shares of Expedia Group by 352.5% in the 3rd quarter. First Command Advisory Services Inc. now owns 534 shares of the online travel company’s stock worth $141,000 after buying an additional 416 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in Expedia Group by 2.7% during the third quarter. Illinois Municipal Retirement Fund now owns 102,842 shares of the online travel company’s stock worth $27,084,000 after buying an additional 2,657 shares during the last quarter. Lido Advisors LLC increased its holdings in Expedia Group by 67.3% during the third quarter. Lido Advisors LLC now owns 8,555 shares of the online travel company’s stock worth $2,253,000 after buying an additional 3,442 shares during the last quarter. D Orazio & Associates Inc. increased its holdings in Expedia Group by 5.3% during the third quarter. D Orazio & Associates Inc. now owns 1,465 shares of the online travel company’s stock worth $386,000 after buying an additional 74 shares during the last quarter. Finally, 71 West Capital Partners raised its position in Expedia Group by 3.2% in the third quarter. 71 West Capital Partners now owns 1,169 shares of the online travel company’s stock worth $308,000 after acquiring an additional 36 shares during the period. Institutional investors own 90.76% of the company’s stock.

Expedia Group Trading Up 2.4%

Shares of EXPE opened at $259.79 on Thursday. The business has a 50-day moving average of $278.24 and a 200 day moving average of $259.23. Expedia Group, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $342.00. The firm has a market cap of $31.18 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 0.60 and a beta of 1.39. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.77 and a current ratio of 0.77.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Wednesday, November 4th. The online travel company reported $9.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.85 by $0.54. The business had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Expedia Group had a return on equity of 91.03% and a net margin of 12.98%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business posted $7.57 EPS. As a group, research analysts forecast that Expedia Group, Inc. will post 17.37 EPS for the current year.

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be paid a $0.48 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. Expedia Group’s dividend payout ratio (DPR) is presently 11.21%.

Insider Activity at Expedia Group

In other news, insider Robert Dzielak sold 1,004 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $335.00, for a total value of $336,340.00. Following the sale, the insider owned 104,331 shares of the company’s stock, valued at $34,950,885. The trade was a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Lance Soliday sold 2,810 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total transaction of $909,456.50. Following the sale, the chief accounting officer owned 12,006 shares in the company, valued at $3,885,741.90. The trade was a 18.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 5,814 shares of company stock worth $1,906,796. Insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on EXPE. Piper Sandler reiterated a “neutral” rating and issued a $335.00 target price (up from $325.00) on shares of Expedia Group in a research note on Thursday, November 5th. Wells Fargo & Company increased their target price on shares of Expedia Group from $275.00 to $278.00 and gave the company a “cautious” rating in a research report on Thursday, November 5th. Wall Street Zen lowered shares of Expedia Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. Morgan Stanley cut shares of Expedia Group from an “equal weight” rating to an “underweight” rating and set a $235.00 price target on the stock. in a report on Wednesday, September 16th. Finally, Rosenblatt Securities began coverage on Expedia Group in a research note on Tuesday, September 1st. They issued a “neutral” rating and a $360.00 price objective on the stock. Fifteen analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $316.00.

Expedia Group Company Profile

Expedia Group, Inc. is an online travel company that connects travelers with lodging, flights, rental cars, cruises, vacation packages and activities. Its consumer-facing brands include Expedia, Hotels.com and Vrbo, which specializes in vacation rentals. The company also provides travel technology and booking services to business partners. Founded in 1996 as a division of Microsoft, Expedia became an independent public company in 1999. It serves travelers and lodging partners in markets around the world through its websites and mobile apps.