Penserra Capital Management LLC Sells 2,717 Shares of Expedia Group, Inc. $EXPE

Penserra Capital Management LLC cut its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 9.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,192 shares of the online travel company’s stock after selling 2,717 shares during the quarter. Penserra Capital Management LLC’s holdings in Expedia Group were worth $4,248,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Marco Investment Management LLC grew its holdings in Expedia Group by 1.9% during the 2nd quarter. Marco Investment Management LLC now owns 22,044 shares of the online travel company’s stock valued at $3,718,000 after purchasing an additional 412 shares during the last quarter. Vestmark Advisory Solutions Inc. purchased a new position in shares of Expedia Group during the second quarter valued at approximately $464,000. Savant Capital LLC grew its stake in shares of Expedia Group by 116.6% during the second quarter. Savant Capital LLC now owns 34,847 shares of the online travel company’s stock valued at $5,878,000 after buying an additional 18,760 shares during the last quarter. Achmea Investment Management B.V. raised its holdings in shares of Expedia Group by 10.3% in the second quarter. Achmea Investment Management B.V. now owns 89,941 shares of the online travel company’s stock worth $15,171,000 after buying an additional 8,409 shares during the period. Finally, Permit Capital LLC lifted its stake in shares of Expedia Group by 13.7% during the 2nd quarter. Permit Capital LLC now owns 83,000 shares of the online travel company’s stock worth $14,000,000 after acquiring an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 852 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at $2,477,971.68. This trade represents a 6.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $207.78, for a total value of $623,340.00. Following the transaction, the director directly owned 33,858 shares in the company, valued at approximately $7,035,015.24. The trade was a 8.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,816 shares of company stock worth $2,009,132 over the last three months. Corporate insiders own 9.13% of the company’s stock.

Analysts Set New Price Targets

EXPE has been the subject of a number of recent analyst reports. UBS Group boosted their price objective on Expedia Group from $209.00 to $234.00 and gave the company a “neutral” rating in a report on Friday, October 24th. BMO Capital Markets boosted their target price on shares of Expedia Group from $205.00 to $250.00 in a research note on Friday. Oppenheimer raised their price target on shares of Expedia Group from $250.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Expedia Group in a report on Wednesday, October 8th. Finally, Truist Financial set a $210.00 target price on shares of Expedia Group in a research note on Monday, October 27th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and twenty-three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Expedia Group presently has an average rating of “Hold” and a consensus target price of $253.00.

Expedia Group Stock Up 17.5%

NASDAQ:EXPE opened at $258.25 on Monday. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. Expedia Group, Inc. has a 1-year low of $130.01 and a 1-year high of $264.20. The company has a 50-day moving average of $219.50 and a 200 day moving average of $192.58. The firm has a market cap of $31.95 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 1.15 and a beta of 1.58.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.10 by $0.47. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter last year, the firm earned $6.13 EPS. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. Expedia Group has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 19th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $1.60 dividend on an annualized basis and a yield of 0.6%. Expedia Group’s dividend payout ratio is presently 15.31%.

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.