Assenagon Asset Management S.A. Decreases Stake in Expedia Group, Inc. $EXPE

Key Points

• Assenagon Asset Management S.A. reduced its stake in Expedia Group, Inc. by 58.7%, now owning approximately 126,695 shares valued at $21.37 million.
• Company insiders have sold a total of 9,816 shares worth approximately $2.01 million in the last quarter.
• Expedia Group reported earnings per share of $4.24, surpassing analyst estimates, with a quarterly revenue of $3.79 billion, marking a 6.4% year-over-year increase.

Assenagon Asset Management S.A. reduced its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 58.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 126,695 shares of the online travel company's stock after selling 179,802 shares during the quarter. Assenagon Asset Management S.A. owned about 0.10% of Expedia Group worth $21,371,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. McClarren Financial Advisors Inc. purchased a new position in shares of Expedia Group in the 1st quarter valued at approximately $28,000. Atlas Capital Advisors Inc. purchased a new position in Expedia Group during the 1st quarter worth approximately $28,000. Park Square Financial Group LLC purchased a new position in Expedia Group during the 1st quarter worth approximately $34,000. Zions Bancorporation National Association UT purchased a new position in Expedia Group during the 1st quarter worth approximately $36,000. Finally, Flaharty Asset Management LLC purchased a new position in Expedia Group during the 1st quarter worth approximately $46,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Expedia Group

In other news, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $207.78, for a total transaction of $623,340.00. Following the transaction, the director owned 33,858 shares in the company, valued at $7,035,015.24. The trade was a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 3,306 shares of Expedia Group stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $200.84, for a total value of $663,977.04. Following the transaction, the insider 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 have sold a total of 9,816 shares of company stock worth $2,009,132 in the last quarter. Company insiders own 9.13% of the company's stock.

Expedia Group Trading Up 0.5%

Shares of EXPE stock opened at $223.51 on Tuesday. The stock's fifty day moving average is $203.05 and its two-hundred day moving average is $178.09. 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 firm has a market capitalization of $27.65 billion, a P/E ratio of 27.39, a PEG ratio of 1.17 and a beta of 1.57. Expedia Group, Inc. has a fifty-two week low of $130.01 and a fifty-two week high of $229.00.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 earnings per share for the quarter, beating analysts' consensus estimates of $4.13 by $0.11. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.70 billion. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.51 EPS. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have issued reports on EXPE. Cowen reissued a "hold" rating on shares of Expedia Group in a research report on Friday, August 8th. Bank of America raised their price target on shares of Expedia Group from $211.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Citigroup raised their price target on shares of Expedia Group from $177.00 to $206.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. UBS Group raised their price objective on shares of Expedia Group from $182.00 to $209.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Finally, Barclays raised their price objective on shares of Expedia Group from $190.00 to $197.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price 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.

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