Sapient Capital LLC acquired a new position in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 72,544 shares of the online travel company’s stock, valued at approximately $12,237,000.
Several other hedge funds and other institutional investors have also bought and sold shares of EXPE. McClarren Financial Advisors Inc. purchased a new stake in Expedia Group in the first quarter worth approximately $28,000. Atlas Capital Advisors Inc. purchased a new stake in Expedia Group in the first quarter worth approximately $28,000. Park Square Financial Group LLC purchased a new stake in Expedia Group in the first quarter worth approximately $34,000. Zions Bancorporation National Association UT purchased a new stake in Expedia Group in the first quarter worth approximately $36,000. Finally, Larson Financial Group LLC boosted its stake in Expedia Group by 2,175.0% in the first quarter. Larson Financial Group LLC now owns 273 shares of the online travel company’s stock worth $46,000 after buying an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.
Insiders Place Their Bets
In other news, Director Craig A. Jacobson sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $207.78, for a total transaction of $623,340.00. Following the completion of the transaction, the director directly owned 33,858 shares in the company, valued at $7,035,015.24. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lance A. Soliday sold 852 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total value of $175,409.76. Following the transaction, the chief accounting officer owned 12,036 shares of the company’s stock, valued at $2,477,971.68. The trade was a 6.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,816 shares of company stock worth $2,009,132. 9.13% of the stock is owned by corporate insiders.
Expedia Group Price Performance
Expedia Group (NASDAQ:EXPE – Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.13 by $0.11. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.70 billion. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.51 earnings per share. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.
Expedia Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be issued a $0.40 dividend. The ex-dividend date is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. Expedia Group’s dividend payout ratio is 19.61%.
Analysts Set New Price Targets
Several analysts have issued reports on EXPE shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Expedia Group in a research note on Wednesday, July 23rd. Susquehanna upped their target price on Expedia Group from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, August 11th. Oppenheimer reissued an “outperform” rating on shares of Expedia Group in a research note on Friday, August 8th. Barclays increased their price objective on Expedia Group from $190.00 to $197.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. Finally, Bank of America increased their price objective on Expedia Group from $211.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Expedia Group presently has an average rating of “Hold” and a consensus price target of $205.63.
Check Out Our Latest Stock Report on Expedia Group
Expedia Group Profile
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.
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