Ardmore Road Asset Management LP Acquires 130,000 Shares of Expedia Group, Inc. $EXPE

Key Points

• Ardmore Road Asset Management LP increased its stake in Expedia Group, Inc. by 216.7%, now holding 190,000 shares, which makes it the firm's 11th largest position.
• Analysts have mixed views on Expedia Group, with a consensus rating of "Hold" and price target averaging around $205.63, reflecting strong interest from institutional investors with 90.76% of shares owned by them.
• Expedia recently reported a quarterly earnings per share of $4.24, surpassing expectations, and announced a quarterly dividend of $0.40, highlighting its ongoing financial productivity.

Ardmore Road Asset Management LP raised its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 216.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 190,000 shares of the online travel company's stock after buying an additional 130,000 shares during the period. Expedia Group makes up 3.2% of Ardmore Road Asset Management LP's portfolio, making the stock its 11th biggest position. Ardmore Road Asset Management LP owned about 0.15% of Expedia Group worth $31,939,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of EXPE. Altman Advisors Inc. grew its stake in shares of Expedia Group by 0.5% in the 1st quarter. Altman Advisors Inc. now owns 13,338 shares of the online travel company's stock worth $2,093,000 after purchasing an additional 65 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Expedia Group by 14.1% in the 1st quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock worth $94,000 after purchasing an additional 69 shares during the last quarter. Foyston Gordon & Payne Inc grew its stake in shares of Expedia Group by 0.3% in the 4th quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock worth $4,124,000 after purchasing an additional 74 shares during the last quarter. Horizon Investments LLC grew its stake in shares of Expedia Group by 4.4% in the 1st quarter. Horizon Investments LLC now owns 1,780 shares of the online travel company's stock worth $299,000 after purchasing an additional 75 shares during the last quarter. Finally, Ascent Group LLC grew its stake in shares of Expedia Group by 3.2% in the 4th quarter. Ascent Group LLC now owns 2,430 shares of the online travel company's stock worth $453,000 after purchasing an additional 76 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Stock Performance

Shares of Expedia Group stock traded down $2.68 on Tuesday, reaching $212.12. The stock had a trading volume of 1,120,642 shares, compared to its average volume of 2,083,771. The business's 50-day moving average price is $189.55 and its two-hundred day moving average price is $175.65. 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, Inc. has a fifty-two week low of $126.46 and a fifty-two week high of $216.60. The stock has a market cap of $26.24 billion, a P/E ratio of 26.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.57.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 earnings per share 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 during the quarter, compared to analysts' expectations of $3.70 billion. During the same period in the previous year, the company earned $3.51 earnings per share. Expedia Group's revenue for the quarter was up 6.4% on a year-over-year basis. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. Expedia Group's dividend payout ratio (DPR) is currently 19.61%.

Analysts Set New Price Targets

EXPE has been the topic of several recent research reports. Sanford C. Bernstein set a $210.00 price objective on shares of Expedia Group in a research note on Monday, August 11th. Wedbush lifted their target price on shares of Expedia Group from $175.00 to $220.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Royal Bank Of Canada raised their price target on shares of Expedia Group from $180.00 to $200.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. Wall Street Zen upgraded shares of Expedia Group from a "hold" rating to a "buy" rating in a report on Monday, July 28th. Finally, Barclays raised their price target on shares of Expedia Group from $190.00 to $197.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Three 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 company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $205.63.

Insiders Place Their Bets

In other Expedia Group news, Director Craig A. Jacobson sold 3,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $207.78, for a total transaction of $623,340.00. Following the completion of the transaction, the director owned 33,858 shares in the company, valued at $7,035,015.24. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Dzielak sold 3,306 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $200.84, for a total value of $663,977.04. Following the completion of the sale, the insider directly owned 77,075 shares in the company, valued at approximately $15,479,743. This represents a 4.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,816 shares of company stock worth $2,009,132 over the last quarter. Company insiders own 9.13% of the company's stock.

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.