Expedia Group Inc (NASDAQ:EXPE) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC cut its holdings in shares of Expedia Group Inc (NASDAQ:EXPE) by 8.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,820 shares of the online travel company’s stock after selling 609 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Expedia Group were worth $812,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CHICAGO TRUST Co NA purchased a new position in shares of Expedia Group during the first quarter valued at approximately $549,000. Boyd Watterson Asset Management LLC OH boosted its holdings in shares of Expedia Group by 2.0% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 10,239 shares of the online travel company’s stock valued at $1,218,000 after purchasing an additional 200 shares during the period. Huntington National Bank boosted its holdings in shares of Expedia Group by 39.5% in the first quarter. Huntington National Bank now owns 11,748 shares of the online travel company’s stock valued at $1,398,000 after purchasing an additional 3,328 shares during the period. Liberty Wealth Management LLC purchased a new stake in shares of Expedia Group in the fourth quarter valued at approximately $32,000. Finally, Machina Capital S.A.S. bought a new position in Expedia Group in the fourth quarter worth approximately $449,000. 80.32% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently commented on the stock. BidaskClub downgraded shares of Expedia Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $141.00 price target (down from $170.00) on shares of Expedia Group in a research report on Monday. Barclays reaffirmed a “buy” rating and set a $145.00 price target on shares of Expedia Group in a research report on Monday. Telsey Advisory Group set a $125.00 price target on Expedia Group and gave the stock a “hold” rating in a research report on Friday, May 3rd. Finally, Piper Jaffray Companies reduced their price target on Expedia Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $146.90.

Shares of EXPE stock traded down $2.57 during mid-day trading on Thursday, hitting $119.30. 1,334,163 shares of the stock were exchanged, compared to its average volume of 1,593,656. The company has a quick ratio of 0.64, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. Expedia Group Inc has a 52-week low of $108.11 and a 52-week high of $139.77. The firm has a market cap of $17.56 billion, a P/E ratio of 24.80, a PEG ratio of 1.53 and a beta of 0.96.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, May 2nd. The online travel company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.34. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.69 billion. Expedia Group had a net margin of 3.89% and a return on equity of 13.41%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.36) EPS. On average, analysts anticipate that Expedia Group Inc will post 6.04 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 23rd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Wednesday, May 22nd. Expedia Group’s dividend payout ratio is presently 26.61%.

In other news, insider Mark D. Okerstrom sold 5,531 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $127.26, for a total transaction of $703,875.06. Following the completion of the sale, the insider now owns 69,094 shares in the company, valued at approximately $8,792,902.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dara Khosrowshahi sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $130.31, for a total transaction of $6,515,500.00. Following the sale, the director now owns 462,910 shares of the company’s stock, valued at approximately $60,321,802.10. The disclosure for this sale can be found here. Insiders sold a total of 73,759 shares of company stock worth $9,536,481 over the last ninety days. 20.96% of the stock is currently owned by corporate insiders.

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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, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

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Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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