Beech Hill Advisors Inc. Sells 8,570 Shares of Expedia Group, Inc. $EXPE

Key Points

• Beech Hill Advisors Inc. has reduced its stake in Expedia Group by 28.8%, selling 8,570 shares during the 2nd quarter, now holding 21,142 shares worth approximately $3.57 million.
• Expedia Group recently reported a Q2 earnings per share (EPS) of $4.24, surpassing analysts' expectations of $4.13, with revenue of $3.79 billion.
• The company declared a quarterly dividend of $0.40, with an annualized dividend yield of 0.7% and a payout ratio of 19.61%.

Beech Hill Advisors Inc. lowered its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 28.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,142 shares of the online travel company's stock after selling 8,570 shares during the quarter. Expedia Group accounts for 1.6% of Beech Hill Advisors Inc.'s investment portfolio, making the stock its 23rd largest holding. Beech Hill Advisors Inc.'s holdings in Expedia Group were worth $3,566,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of Expedia Group during the 4th quarter valued at $408,000. GAMMA Investing LLC lifted its holdings in Expedia Group by 8.5% during the 1st quarter. GAMMA Investing LLC now owns 2,102 shares of the online travel company's stock worth $353,000 after purchasing an additional 165 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Expedia Group by 18.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 31,604 shares of the online travel company's stock valued at $5,313,000 after acquiring an additional 4,987 shares during the period. QRG Capital Management Inc. boosted its holdings in Expedia Group by 25.5% in the 1st quarter. QRG Capital Management Inc. now owns 2,367 shares of the online travel company's stock valued at $398,000 after purchasing an additional 481 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in Expedia Group by 3.2% during the first quarter. State of Alaska Department of Revenue now owns 14,451 shares of the online travel company's stock valued at $2,429,000 after buying an additional 445 shares during the period. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Trading Up 1.6%

Shares of NASDAQ:EXPE opened at $218.25 on Tuesday. The stock's 50-day simple moving average is $215.95 and its two-hundred day simple moving average is $185.17. 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 $27.00 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 1.12 and a beta of 1.56. Expedia Group, Inc. has a 52-week low of $130.01 and a 52-week high of $240.98.

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

Expedia Group Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on EXPE shares. B. Riley boosted their price target on shares of Expedia Group from $222.00 to $260.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Wells Fargo & Company lifted their price objective on Expedia Group from $211.00 to $212.00 and gave the stock an "equal weight" rating in a research report on Monday, October 6th. Mizuho initiated coverage on Expedia Group in a report on Tuesday, September 30th. They set a "neutral" rating and a $240.00 target price on the stock. DA Davidson increased their price target on shares of Expedia Group from $174.00 to $218.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Finally, Morgan Stanley raised their price objective on Expedia Group from $150.00 to $165.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $211.22.

Insider Buying and Selling at Expedia Group

In other news, Director Craig A. Jacobson sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $207.78, for a total value of $623,340.00. Following the transaction, the director directly owned 33,858 shares in the company, valued at $7,035,015.24. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 2,658 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $205.57, for a total value of $546,405.06. Following the completion of the transaction, the insider directly owned 74,417 shares in the company, valued at approximately $15,297,902.69. This represents a 3.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,816 shares of company stock valued at $2,009,132 over the last ninety days. 9.13% of the stock is currently owned by company insiders.

About Expedia Group

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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