Investors Buy Expedia Group (EXPE) on Weakness

Traders bought shares of Expedia Group Inc (NASDAQ:EXPE) on weakness during trading hours on Tuesday. $54.23 million flowed into the stock on the tick-up and $37.04 million flowed out of the stock on the tick-down, for a money net flow of $17.19 million into the stock. Of all equities tracked, Expedia Group had the 23rd highest net in-flow for the day. Expedia Group traded down ($1.32) for the day and closed at $120.55

A number of research analysts recently commented on the company. Zacks Investment Research restated a “buy” rating and issued a $136.00 price target on shares of Expedia Group in a research report on Tuesday, November 13th. BidaskClub raised Expedia Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 6th. Finally, Argus raised Expedia Group from a “hold” rating to a “buy” rating and set a $123.31 price objective on the stock in a research note on Friday, March 1st. They noted that the move was a valuation call. Eleven investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $144.83.

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The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $17.88 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 1.59 and a beta of 1.04.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, February 7th. The online travel company reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.50. Expedia Group had a return on equity of 12.96% and a net margin of 3.62%. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The business’s revenue was up 10.3% on a year-over-year basis. Analysts anticipate that Expedia Group Inc will post 5.95 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Thursday, March 7th will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $1.28 annualized dividend and a yield of 1.06%. Expedia Group’s dividend payout ratio is currently 26.61%.

In other news, CAO Lance A. Soliday sold 1,635 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $124.56, for a total transaction of $203,655.60. Following the transaction, the chief accounting officer now owns 6,644 shares of the company’s stock, valued at approximately $827,576.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lance A. Soliday sold 1,749 shares of the company’s 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 transaction, the insider now directly owns 6,393 shares in the company, valued at approximately $746,063.10. The disclosure for this sale can be found here. In the last three months, insiders sold 125,508 shares of company stock worth $15,999,089. Insiders own 20.96% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of EXPE. Legacy Bridge LLC purchased a new position in shares of Expedia Group during the 4th quarter valued at $35,000. JOYN Advisors Inc. lifted its position in shares of Expedia Group by 53.0% during the 4th quarter. JOYN Advisors Inc. now owns 332 shares of the online travel company’s stock valued at $37,000 after buying an additional 115 shares during the last quarter. Rational Advisors LLC bought a new stake in shares of Expedia Group during the 4th quarter valued at $38,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Expedia Group by 47.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 419 shares of the online travel company’s stock valued at $47,000 after purchasing an additional 135 shares during the period. Finally, River Wealth Advisors LLC raised its stake in shares of Expedia Group by 50.0% during the 4th quarter. River Wealth Advisors LLC now owns 540 shares of the online travel company’s stock valued at $61,000 after purchasing an additional 180 shares during the period. 80.64% of the stock is currently owned by hedge funds and other institutional investors.

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About Expedia Group (NASDAQ:EXPE)

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.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

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