Alkeon Capital Management LLC Raises Holdings in Expedia Group, Inc. $EXPE

Key Points

• Alkeon Capital Management LLC increased its stake in Expedia Group by 20.2%, acquiring 398,804 additional shares, which now total 2,375,276 shares valued at approximately $399 million.
• Expedia Group recently announced a quarterly dividend of $0.40 per share, scheduled for payment on September 18th, representing an annual yield of 0.7%.
• Three research analysts rate Expedia stock with a Strong Buy, while an average price target of $205.63 is noted based on various analyst reports and ratings.

Alkeon Capital Management LLC grew its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 20.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,375,276 shares of the online travel company's stock after purchasing an additional 398,804 shares during the period. Expedia Group comprises approximately 0.8% of Alkeon Capital Management LLC's holdings, making the stock its 19th largest holding. Alkeon Capital Management LLC owned approximately 1.84% of Expedia Group worth $399,284,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Expedia Group by 2.7% in the first quarter. Vanguard Group Inc. now owns 15,201,811 shares of the online travel company's stock worth $2,555,424,000 after acquiring an additional 394,147 shares in the last quarter. Nuveen LLC acquired a new stake in Expedia Group in the first quarter worth about $227,174,000. Northern Trust Corp boosted its holdings in Expedia Group by 4.4% in the first quarter. Northern Trust Corp now owns 1,331,482 shares of the online travel company's stock worth $223,822,000 after acquiring an additional 55,575 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Expedia Group by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,194,328 shares of the online travel company's stock worth $200,766,000 after acquiring an additional 17,659 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in Expedia Group by 3,369.4% in the first quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company's stock worth $172,995,000 after acquiring an additional 999,454 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company's stock.

Insider Activity

In related news, insider Robert J. Dzielak sold 3,306 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $200.84, for a total transaction of $663,977.04. Following the transaction, the insider owned 77,075 shares of the company's stock, valued at approximately $15,479,743. This represents a 4.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Lance A. Soliday sold 852 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $205.88, for a total value of $175,409.76. Following the transaction, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $2,477,971.68. The trade was a 6.61% decrease in their position. 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 in the last quarter. Insiders own 9.13% of the company's stock.

Expedia Group Price Performance

Shares of Expedia Group stock traded down $1.57 on Friday, reaching $214.95. The company's stock had a trading volume of 1,353,213 shares, compared to its average volume of 1,838,513. The company has a market capitalization of $26.59 billion, a P/E ratio of 26.34, a PEG ratio of 1.11 and a beta of 1.57. Expedia Group, Inc. has a 52-week low of $126.46 and a 52-week high of $219.10. The stock has a 50-day moving average price of $193.22 and a 200-day moving average price of $176.33. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 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 during the quarter, compared to analysts' expectations of $3.70 billion. During the same period in the previous year, the business earned $3.51 earnings per share. The business's revenue 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. Analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 28th. Expedia Group's dividend payout ratio is 19.61%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Truist Financial decreased their target price on Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a report on Tuesday, June 24th. Susquehanna lifted their target price on Expedia Group from $175.00 to $200.00 and gave the stock a "neutral" rating in a report on Monday, August 11th. The Goldman Sachs Group decreased their target price on Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a report on Friday, May 9th. Citigroup lifted their target price on Expedia Group from $177.00 to $206.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Finally, Wedbush lifted their target price on Expedia Group from $175.00 to $220.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $205.63.

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.