Nomura Holdings Inc. Raises Holdings in Expedia Group Inc (NASDAQ:EXPE)

Nomura Holdings Inc. lifted its holdings in shares of Expedia Group Inc (NASDAQ:EXPE) by 0.3% in the third quarter, HoldingsChannel reports. The firm owned 328,765 shares of the online travel company’s stock after acquiring an additional 1,111 shares during the period. Nomura Holdings Inc.’s holdings in Expedia Group were worth $44,051,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of EXPE. Nuveen Asset Management LLC increased its stake in shares of Expedia Group by 1,704.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 5,557,410 shares of the online travel company’s stock worth $739,303,000 after purchasing an additional 5,249,396 shares in the last quarter. Par Capital Management Inc. increased its stake in shares of Expedia Group by 19.4% during the 2nd quarter. Par Capital Management Inc. now owns 9,509,627 shares of the online travel company’s stock worth $1,265,066,000 after purchasing an additional 1,545,373 shares in the last quarter. DNB Asset Management AS increased its stake in shares of Expedia Group by 2,126.8% during the 3rd quarter. DNB Asset Management AS now owns 1,102,864 shares of the online travel company’s stock worth $148,236,000 after purchasing an additional 1,053,337 shares in the last quarter. State Street Corp increased its stake in shares of Expedia Group by 16.5% during the 3rd quarter. State Street Corp now owns 5,846,641 shares of the online travel company’s stock worth $785,847,000 after purchasing an additional 828,186 shares in the last quarter. Finally, Holocene Advisors LP purchased a new position in shares of Expedia Group during the 2nd quarter worth approximately $57,957,000. 92.91% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on EXPE shares. Wells Fargo & Co cut shares of Expedia Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Raymond James dropped their price objective on shares of Expedia Group from $150.00 to $136.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Barclays reissued a “buy” rating and set a $151.00 price objective on shares of Expedia Group in a research note on Wednesday, October 16th. Oppenheimer cut shares of Expedia Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $160.00 to $110.00 in a research note on Monday, November 11th. Finally, Piper Jaffray Companies cut shares of Expedia Group from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $160.00 to $124.00 in a research note on Thursday, November 7th. Nineteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $139.46.

In other Expedia Group news, insider Robert J. Dzielak sold 9,222 shares of Expedia Group stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $135.19, for a total value of $1,246,722.18. Following the transaction, the insider now owns 36,029 shares in the company, valued at approximately $4,870,760.51. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 50,000 shares of Expedia Group stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $132.69, for a total transaction of $6,634,500.00. Following the completion of the transaction, the director now owns 477,677 shares in the company, valued at approximately $63,382,961.13. The disclosure for this sale can be found here. In the last quarter, insiders acquired 45,463 shares of company stock worth $4,739,508 and sold 61,944 shares worth $8,141,690. 2.10% of the stock is owned by company insiders.

Shares of EXPE traded up $1.54 during mid-day trading on Thursday, reaching $113.50. The company had a trading volume of 1,973,630 shares, compared to its average volume of 3,867,219. The stock has a market cap of $15.76 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 1.79 and a beta of 0.98. The firm has a fifty day simple moving average of $112.19 and a 200-day simple moving average of $125.88. Expedia Group Inc has a fifty-two week low of $93.53 and a fifty-two week high of $144.00. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.80.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Wednesday, November 6th. The online travel company reported $3.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.56 by ($0.18). The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.57 billion. Expedia Group had a net margin of 4.26% and a return on equity of 13.45%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.65 EPS. As a group, equities analysts predict that Expedia Group Inc will post 5.04 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 19th will be issued a $0.34 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.20%. Expedia Group’s dividend payout ratio (DPR) is presently 28.27%.

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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