Acadian Asset Management LLC Buys 365,507 Shares of Expedia Group, Inc. $EXPE

Key Points

• Acadian Asset Management LLC increased its stake in Expedia Group, Inc. by 121.1% during the first quarter, now holding a total of 667,413 shares valued at approximately $112.17 million.
• Analysts have raised their price targets for Expedia Group, with Bank of America increasing its target from $211.00 to $240.00, while the stock currently holds an average rating of "Hold".
• Expedia Group recently announced a quarterly dividend of $0.40 per share, representing an annualized yield of 0.7%, with a payout ratio of 19.61%.

Acadian Asset Management LLC boosted its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 121.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 667,413 shares of the online travel company's stock after acquiring an additional 365,507 shares during the period. Acadian Asset Management LLC owned 0.53% of Expedia Group worth $112,173,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Hunter Associates Investment Management LLC boosted its holdings in Expedia Group by 10.2% in the first quarter. Hunter Associates Investment Management LLC now owns 29,950 shares of the online travel company's stock valued at $5,051,000 after acquiring an additional 2,776 shares during the last quarter. Praxis Investment Management Inc. lifted its stake in Expedia Group by 63.5% in the first quarter. Praxis Investment Management Inc. now owns 4,610 shares of the online travel company's stock valued at $775,000 after buying an additional 1,790 shares during the period. Korea Investment CORP lifted its stake in Expedia Group by 55.1% in the first quarter. Korea Investment CORP now owns 177,934 shares of the online travel company's stock valued at $29,911,000 after buying an additional 63,244 shares during the period. Monument Capital Management acquired a new position in Expedia Group in the first quarter valued at about $2,261,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Expedia Group by 19.0% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,838 shares of the online travel company's stock valued at $2,662,000 after buying an additional 2,534 shares during the period. Institutional investors own 90.76% of the company's stock.

Expedia Group Stock Up 0.4%

Expedia Group stock traded up $0.83 during midday trading on Friday, reaching $222.19. The stock had a trading volume of 970,088 shares, compared to its average volume of 1,311,234. The firm's fifty day simple moving average is $197.76 and its 200-day simple moving average is $176.92. Expedia Group, Inc. has a 1-year low of $130.01 and a 1-year high of $223.22. The stock has a market capitalization of $27.49 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 1.16 and a beta of 1.57. 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 - Get Free Report) last announced its earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.13 by $0.11. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter last year, the firm earned $3.51 EPS. Expedia Group's revenue for the quarter was up 6.4% compared to the same quarter last year. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, August 28th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 28th. Expedia Group's dividend payout ratio (DPR) is currently 19.61%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wedbush increased their target price on Expedia Group from $175.00 to $220.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Royal Bank Of Canada increased their target price on Expedia Group from $180.00 to $200.00 and gave the company a "sector perform" rating in a research note on Friday, August 8th. Cowen reissued a "hold" rating on shares of Expedia Group in a research note on Friday, August 8th. Bank of America increased their target price on Expedia Group from $211.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, DA Davidson increased their target price on Expedia Group from $174.00 to $218.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $205.63.

Insider Activity 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 stock was sold at an average price of $205.88, for a total value of $175,409.76. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Dzielak sold 2,658 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $205.57, for a total value of $546,405.06. Following the completion of the transaction, the insider owned 74,417 shares of the company's stock, 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. In the last quarter, insiders have sold 9,816 shares of company stock valued at $2,009,132. 9.13% of the stock is owned by 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.