Abacus FCF Advisors LLC Purchases Shares of 27,686 Expedia Group, Inc. $EXPE

Abacus FCF Advisors LLC bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 27,686 shares of the online travel company's stock, valued at approximately $7,084,000.

Other hedge funds have also bought and sold shares of the company. Great Lakes Advisors LLC bought a new position in Expedia Group in the second quarter valued at $19,585,000. Commerzbank Aktiengesellschaft FI bought a new stake in Expedia Group during the second quarter worth about $204,000. Plato Investment Management Ltd purchased a new position in shares of Expedia Group in the 2nd quarter worth about $2,562,000. Bank of New York Mellon Corp purchased a new position in shares of Expedia Group in the 2nd quarter worth about $166,203,000. Finally, S&CO Inc. bought a new position in shares of Expedia Group during the 2nd quarter valued at about $4,167,000. 90.76% of the stock is currently owned by institutional investors.

Insider Transactions at Expedia Group

In other news, Director Craig A. Jacobson sold 3,133 shares of Expedia Group stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the transaction, the director directly owned 29,832 shares of the company's stock, valued at $9,800,408.64. The trade was a 9.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 4,702 shares of the company's stock in a transaction on Friday, June 5th. The stock was sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the completion of the transaction, the insider directly owned 105,448 shares of the company's stock, valued at $24,569,384. This represents a 4.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,778 shares of company stock worth $3,940,313 in the last ninety days. Insiders own 5.20% of the company's stock.

Expedia Group Stock Up 1.5%

Shares of NASDAQ:EXPE opened at $326.27 on Thursday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $39.16 billion, a P/E ratio of 20.34, a P/E/G ratio of 0.79 and a beta of 1.22. The stock has a 50 day moving average price of $276.35 and a 200-day moving average price of $247.15. Expedia Group, Inc. has a 52-week low of $185.34 and a 52-week high of $335.00.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.17 billion. During the same quarter in the previous year, the firm earned $4.24 EPS. Expedia Group's quarterly revenue was up 14.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Expedia Group, Inc. will post 17.15 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 27th. Expedia Group's dividend payout ratio is presently 11.97%.

Analyst Ratings Changes

EXPE has been the subject of a number of recent research reports. Susquehanna boosted their target price on Expedia Group from $250.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. TD Cowen increased their price target on shares of Expedia Group from $285.00 to $320.00 and gave the company a "hold" rating in a research report on Friday, August 7th. Royal Bank Of Canada lifted their price target on shares of Expedia Group from $290.00 to $330.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 6th. Dbs Bank upgraded shares of Expedia Group from a "hold" rating to a "moderate buy" rating in a report on Monday, May 11th. Finally, Benchmark upped their price objective on shares of Expedia Group from $290.00 to $360.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $311.76.

Expedia Group Profile

Expedia Group NASDAQ: EXPE is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company's platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.

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