First Republic Investment Management Inc. Cuts Stock Holdings in Expedia Group Inc (NASDAQ:EXPE)

First Republic Investment Management Inc. decreased its stake in shares of Expedia Group Inc (NASDAQ:EXPE) by 26.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,836 shares of the online travel company’s stock after selling 1,382 shares during the period. First Republic Investment Management Inc.’s holdings in Expedia Group were worth $510,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Commerce Bank increased its stake in shares of Expedia Group by 13.6% in the second quarter. Commerce Bank now owns 2,630 shares of the online travel company’s stock worth $350,000 after purchasing an additional 315 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Expedia Group by 0.9% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 103,618 shares of the online travel company’s stock worth $13,485,000 after acquiring an additional 876 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Expedia Group by 16.7% in the 2nd quarter. Wells Fargo & Company MN now owns 600,352 shares of the online travel company’s stock worth $79,865,000 after acquiring an additional 85,750 shares during the last quarter. Marco Investment Management LLC lifted its holdings in Expedia Group by 4.2% during the 2nd quarter. Marco Investment Management LLC now owns 21,525 shares of the online travel company’s stock valued at $2,863,000 after buying an additional 858 shares in the last quarter. Finally, Tower Bridge Advisors increased its position in Expedia Group by 1.0% during the 2nd quarter. Tower Bridge Advisors now owns 16,290 shares of the online travel company’s stock valued at $2,167,000 after purchasing an additional 165 shares during the period. Institutional investors own 80.05% of the company’s stock.

EXPE has been the subject of several analyst reports. Morgan Stanley boosted their target price on shares of Expedia Group from $135.00 to $140.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Needham & Company LLC started coverage on shares of Expedia Group in a report on Monday, May 20th. They issued a “hold” rating for the company. Jefferies Financial Group upped their target price on shares of Expedia Group from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Standpoint Research started coverage on shares of Expedia Group in a report on Tuesday, July 16th. They set a “buy” rating and a $180.00 target price for the company. Finally, TheStreet raised shares of Expedia Group from a “c+” rating to an “a-” rating in a report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $152.43.

Shares of NASDAQ EXPE traded up $0.65 during mid-day trading on Friday, hitting $132.30. 1,074,094 shares of the company were exchanged, compared to its average volume of 1,598,499. Expedia Group Inc has a 1-year low of $108.11 and a 1-year high of $144.00. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.71. The stock has a 50 day simple moving average of $130.62 and a 200-day simple moving average of $126.32. The firm has a market cap of $19.48 billion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 1.67 and a beta of 1.07.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, July 25th. The online travel company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.07. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.45 EPS. Analysts anticipate that Expedia Group Inc will post 5.8 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd were issued a $0.34 dividend. This is a boost from Expedia Group’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $1.36 annualized dividend and a yield of 1.03%. Expedia Group’s payout ratio is 28.27%.

In other news, insider Lance A. Soliday sold 2,724 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $127.93, for a total value of $348,481.32. Following the completion of the sale, the insider now owns 8,009 shares in the company, valued at $1,024,591.37. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan C. Athey sold 2,425 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $134.59, for a total value of $326,380.75. Following the sale, the director now directly owns 1,462 shares of the company’s stock, valued at $196,770.58. The disclosure for this sale can be found here. Insiders sold a total of 58,449 shares of company stock valued at $7,754,611 in the last 90 days. 20.96% of the stock is owned by company insiders.

Expedia Group Company Profile

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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