Annex Advisory Services LLC Has $34.99 Million Position in Expedia Group, Inc. $EXPE

Key Points

• Annex Advisory Services reduced its Expedia Group stake by 40.8% in the second quarter, selling 94,344 shares and retaining 136,749 shares valued at approximately $34.99 million. Institutional investors and hedge funds collectively own 90.76% of the company.
• Expedia reported quarterly revenue of $4.32 billion and earnings of $5.76 per share, surpassing analyst estimates, while revenue increased 14% year over year. The company also announced a quarterly dividend of $0.48 per share, yielding about 0.6% annually.
• Analyst sentiment remains mixed, with 17 Buy ratings and 22 Hold ratings; the stock has an average rating of “Hold” and an average price target of $310.88. Expedia shares opened at $321.07, near their 52-week high of $331.31.

Annex Advisory Services LLC cut its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 40.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,749 shares of the online travel company's stock after selling 94,344 shares during the period. Annex Advisory Services LLC owned approximately 0.11% of Expedia Group worth $34,991,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Motiv8 Investments LLC bought a new stake in Expedia Group in the fourth quarter worth approximately $25,000. Entrust Financial LLC acquired a new position in Expedia Group in the fourth quarter valued at approximately $26,000. Sunbelt Securities Inc. boosted its holdings in shares of Expedia Group by 970.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company's stock worth $39,000 after buying an additional 165 shares in the last quarter. Elevation Wealth Partners LLC grew its position in shares of Expedia Group by 272.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company's stock worth $46,000 after buying an additional 131 shares during the period. Finally, DV Equities LLC acquired a new stake in shares of Expedia Group during the 4th quarter worth approximately $46,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Expedia Group

In related news, insider Robert J. Dzielak sold 4,702 shares of the business's stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the transaction, the insider directly owned 105,448 shares in the company, valued at approximately $24,569,384. The trade was a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lance A. Soliday sold 940 shares of the company's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the sale, the chief accounting officer directly owned 14,083 shares of the company's stock, valued at $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. The Goldman Sachs Group set a $370.00 target price on shares of Expedia Group in a research note on Thursday, August 6th. Citigroup reaffirmed a "neutral" rating on shares of Expedia Group in a research note on Monday, May 18th. Dbs Bank upgraded shares of Expedia Group from a "hold" rating to a "moderate buy" rating in a report on Monday, May 11th. Cantor Fitzgerald raised their target price on Expedia Group from $255.00 to $310.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Finally, Wells Fargo & Company boosted their target price on Expedia Group from $303.00 to $307.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Seventeen investment analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Expedia Group presently has an average rating of "Hold" and an average price target of $310.88.

Expedia Group Price Performance

EXPE stock opened at $321.07 on Wednesday. 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 business has a 50-day simple moving average of $264.45 and a two-hundred day simple moving average of $244.84. The company has a market capitalization of $39.34 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 0.77 and a beta of 1.22. Expedia Group, Inc. has a 52-week low of $185.34 and a 52-week high of $331.31.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 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 the consensus estimate of $4.17 billion. During the same period in the prior year, the business posted $4.24 earnings per share. The company's quarterly revenue was up 14.0% compared to the same quarter last year. Research analysts expect that Expedia Group, Inc. will post 17.18 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, August 27th. This represents a $1.92 annualized dividend and a yield of 0.6%. Expedia Group's dividend payout ratio (DPR) is 11.97%.

Expedia Group Company 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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