Chevy Chase Trust Holdings LLC Sells 2,391 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Chevy Chase Trust Holdings LLC cut its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,452 shares of the online travel company’s stock after selling 2,391 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Expedia Group were worth $12,009,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SRH Advisors LLC bought a new position in Expedia Group in the fourth quarter worth approximately $28,000. Grove Bank & Trust raised its position in shares of Expedia Group by 676.2% during the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock valued at $30,000 after purchasing an additional 142 shares during the period. Venturi Wealth Management LLC raised its position in shares of Expedia Group by 709.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock valued at $49,000 after purchasing an additional 291 shares during the period. Brooklyn Investment Group bought a new stake in shares of Expedia Group during the 3rd quarter valued at $51,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Expedia Group during the 4th quarter valued at $72,000. 90.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 1,951 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $180.00, for a total value of $351,180.00. Following the completion of the sale, the insider now owns 85,250 shares in the company, valued at approximately $15,345,000. The trade was a 2.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total transaction of $1,851,500.00. Following the completion of the sale, the director now owns 168,505 shares of the company’s stock, valued at approximately $31,198,700.75. This represents a 5.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,951 shares of company stock valued at $3,900,580 in the last three months. Company insiders own 6.80% of the company’s stock.

Expedia Group Price Performance

EXPE stock opened at $202.38 on Monday. Expedia Group, Inc. has a 12 month low of $107.25 and a 12 month high of $207.73. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.03. The company has a 50-day moving average price of $183.82 and a 200 day moving average price of $163.19. The stock has a market cap of $25.98 billion, a PE ratio of 22.36, a P/E/G ratio of 0.82 and a beta of 1.82.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 55.42%. Equities research analysts anticipate that Expedia Group, Inc. will post 10.75 earnings per share for the current year.

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.79%. This is a boost from Expedia Group’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 6th. Expedia Group’s payout ratio is 17.68%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EXPE. BTIG Research raised their price objective on shares of Expedia Group from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Expedia Group in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Argus raised their price objective on shares of Expedia Group from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Melius Research upgraded shares of Expedia Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Nineteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.64.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.