Bank of New York Mellon Corp Invests $166.20 Million in Expedia Group, Inc. $EXPE

Bank of New York Mellon Corp purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 649,536 shares of the online travel company's stock, valued at approximately $166,203,000. Bank of New York Mellon Corp owned 0.53% of Expedia Group as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Petredis Investment Advisors LLC boosted its stake in shares of Expedia Group by 3.2% during the 1st quarter. Petredis Investment Advisors LLC now owns 1,305 shares of the online travel company's stock worth $301,000 after purchasing an additional 40 shares during the period. Geneos Wealth Management Inc. lifted its stake in Expedia Group by 8.2% in the fourth quarter. Geneos Wealth Management Inc. now owns 567 shares of the online travel company's stock worth $161,000 after purchasing an additional 43 shares during the last quarter. Ballentine Partners LLC lifted its stake in Expedia Group by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 2,225 shares of the online travel company's stock worth $630,000 after purchasing an additional 47 shares during the last quarter. Beacon Financial Advisory LLC boosted its position in shares of Expedia Group by 3.0% during the first quarter. Beacon Financial Advisory LLC now owns 1,628 shares of the online travel company's stock valued at $376,000 after buying an additional 48 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in shares of Expedia Group by 0.7% during the first quarter. V Square Quantitative Management LLC now owns 7,389 shares of the online travel company's stock valued at $1,706,000 after buying an additional 49 shares during the period. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EXPE shares. Weiss Ratings upgraded Expedia Group from a "hold (c)" rating to a "buy (b-)" rating in a report on Friday. Benchmark upped their price objective on Expedia Group from $290.00 to $360.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Royal Bank Of Canada increased their target price on Expedia Group from $290.00 to $330.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 6th. TD Cowen lifted their target price on Expedia Group from $285.00 to $320.00 and gave the stock a "hold" rating in a research report on Friday, August 7th. Finally, Truist Financial boosted their target price on shares of Expedia Group from $246.00 to $309.00 and gave the company a "hold" rating in a research note on Monday, August 3rd. Eighteen research analysts have rated the stock with a Buy rating and twenty-one have issued a Hold rating to the company. According to data from MarketBeat.com, Expedia Group currently has a consensus rating of "Hold" and a consensus price target of $314.27.

Insider Activity at Expedia Group

In other Expedia Group news, Director Craig A. Jacobson sold 3,133 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the sale, the director owned 29,832 shares of the company's stock, valued at approximately $9,800,408.64. This trade represents a 9.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Lance A. Soliday sold 2,810 shares of Expedia Group stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $323.65, for a total value of $909,456.50. Following the completion of the transaction, the chief accounting officer owned 12,006 shares in the company, valued at $3,885,741.90. This represents a 18.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,588 shares of company stock valued at $4,849,769 over the last ninety days. 5.20% of the stock is owned by company insiders.

Expedia Group Stock Performance

EXPE opened at $321.63 on Monday. The stock's fifty day moving average is $280.28 and its two-hundred day moving average is $247.88. The company has a market capitalization of $38.60 billion, a P/E ratio of 20.05, a PEG ratio of 0.79 and a beta of 1.22. Expedia Group, Inc. has a 52 week low of $185.34 and a 52 week high of $335.00. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, topping analysts' consensus estimates of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.17 billion. During the same period in the prior year, the firm earned $4.24 earnings per share. The firm's revenue for the quarter was up 14.0% compared to the same quarter last year. Analysts forecast that Expedia Group, Inc. will post 17.15 earnings per share for the current year.

Expedia Group Announces Dividend

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

Expedia Group 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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