Kornitzer Capital Management Inc. KS Raises Holdings in Expedia Group, Inc. $EXPE

Kornitzer Capital Management Inc. KS raised its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 0.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 28,487 shares of the online travel company’s stock after acquiring an additional 250 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Expedia Group were worth $4,805,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Focus Partners Advisor Solutions LLC boosted its stake in Expedia Group by 38.4% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 8,488 shares of the online travel company’s stock valued at $1,432,000 after purchasing an additional 2,353 shares during the last quarter. AlphaQuest LLC lifted its holdings in shares of Expedia Group by 189.2% during the 2nd quarter. AlphaQuest LLC now owns 3,760 shares of the online travel company’s stock valued at $634,000 after buying an additional 2,460 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Expedia Group by 7.7% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 296,711 shares of the online travel company’s stock valued at $50,049,000 after buying an additional 21,308 shares during the period. First Business Financial Services Inc. lifted its holdings in shares of Expedia Group by 0.9% during the 2nd quarter. First Business Financial Services Inc. now owns 11,406 shares of the online travel company’s stock valued at $1,924,000 after buying an additional 97 shares during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Expedia Group by 1.5% during the 2nd quarter. Asset Management One Co. Ltd. now owns 50,822 shares of the online travel company’s stock valued at $8,573,000 after buying an additional 772 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Price Performance

Shares of Expedia Group stock opened at $218.85 on Friday. Expedia Group, Inc. has a one year low of $130.01 and a one year high of $240.98. The stock’s fifty day moving average is $217.14 and its 200 day moving average is $187.18. The stock has a market cap of $27.08 billion, a P/E ratio of 26.82, a P/E/G ratio of 1.09 and a beta of 1.56. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, topping analysts’ consensus estimates of $4.13 by $0.11. The company had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.Expedia Group’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $3.51 EPS. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was 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 (DPR) is currently 19.61%.

Analyst Upgrades and Downgrades

EXPE has been the topic of several research analyst reports. Susquehanna increased their price target on Expedia Group from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, August 11th. Mizuho initiated coverage on Expedia Group in a report on Tuesday, September 30th. They set a “neutral” rating and a $240.00 price target on the stock. Wedbush increased their price target on Expedia Group from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Wednesday. Sanford C. Bernstein set a $210.00 price target on Expedia Group in a report on Monday, August 11th. Finally, KeyCorp initiated coverage on Expedia Group in a report on Wednesday. They set a “sector weight” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty-two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $212.79.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Craig A. Jacobson sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $207.78, for a total transaction of $623,340.00. Following the sale, the director directly owned 33,858 shares of the company’s stock, valued at $7,035,015.24. This trade represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Dzielak sold 2,658 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $205.57, for a total value of $546,405.06. Following the sale, the insider directly owned 74,417 shares in the company, valued at approximately $15,297,902.69. This represents a 3.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,816 shares of company stock valued at $2,009,132 over the last ninety days. 9.13% of the stock is currently owned by company insiders.

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.