Allianz Asset Management GmbH Grows Stock Holdings in Expedia Group, Inc. $EXPE

Key Points

• Allianz Asset Management GmbH increased its shareholdings in Expedia Group, Inc. by 74.6% during Q2, raising its ownership to approximately $17.3 million over 102,619 shares.
• Expedia Group recently reported a net income of $4.24 per share, exceeding analysts' forecasts and achieving a 6.4% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.40 per share, reflecting a dividend yield of 0.7% and a payout ratio of 19.61%.

Allianz Asset Management GmbH grew its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 74.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,619 shares of the online travel company's stock after purchasing an additional 43,840 shares during the quarter. Allianz Asset Management GmbH owned about 0.08% of Expedia Group worth $17,310,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of EXPE. Hunter Associates Investment Management LLC increased its holdings in shares of Expedia Group by 10.2% during the 1st quarter. Hunter Associates Investment Management LLC now owns 29,950 shares of the online travel company's stock worth $5,051,000 after buying an additional 2,776 shares during the last quarter. OMNI 360 Wealth Inc. acquired a new stake in shares of Expedia Group during the 2nd quarter worth approximately $325,000. Praxis Investment Management Inc. increased its holdings in shares of Expedia Group by 63.5% during the 1st quarter. Praxis Investment Management Inc. now owns 4,610 shares of the online travel company's stock worth $775,000 after buying an additional 1,790 shares during the last quarter. Korea Investment CORP increased its holdings in shares of Expedia Group by 55.1% during the 1st quarter. Korea Investment CORP now owns 177,934 shares of the online travel company's stock worth $29,911,000 after buying an additional 63,244 shares during the last quarter. Finally, Monument Capital Management acquired a new stake in shares of Expedia Group during the 1st quarter worth approximately $2,261,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 852 shares of the stock in a transaction 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 owned 12,036 shares of the company's stock, valued at $2,477,971.68. This represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were 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 approximately $7,035,015.24. The trade was a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,816 shares of company stock valued at $2,009,132. Company insiders own 9.13% of the company's stock.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $214.76 on Monday. The company has a 50-day simple moving average of $215.44 and a 200-day simple moving average of $184.64. Expedia Group, Inc. has a one year low of $130.01 and a one year high of $240.98. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $26.57 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.12 and a beta of 1.56.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.13 by $0.11. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period in the previous year, the business posted $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. On average, analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, August 28th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. Expedia Group's dividend payout ratio is presently 19.61%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EXPE. Truist Financial dropped their target price on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a report on Tuesday, June 24th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 target price on shares of Expedia Group in a report on Wednesday, July 23rd. Royal Bank Of Canada lifted their target price on shares of Expedia Group from $180.00 to $200.00 and gave the company a "sector perform" rating in a report on Friday, August 8th. Benchmark lifted their target price on shares of Expedia Group from $215.00 to $265.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Barclays lifted their target price on shares of Expedia Group from $190.00 to $197.00 and gave the company an "equal weight" rating in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $211.22.

Expedia Group Company 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.

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