Concurrent Investment Advisors LLC Invests $312,000 in Expedia Group, Inc. $EXPE

Key Points

• Concurrent Investment Advisors LLC has invested approximately $312,000 in Expedia Group, Inc., purchasing 1,852 shares during the second quarter.
• Expedia recently reported earnings of $4.24 per share, exceeding analyst expectations, with quarterly revenue reaching $3.79 billion, a year-over-year increase of 6.4%.
• Several research firms have raised their target prices for Expedia Group stock, with Benchmark setting the new target at $265.00 and giving it a "buy" rating.

Concurrent Investment Advisors LLC purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,852 shares of the online travel company's stock, valued at approximately $312,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXPE. Nuveen LLC purchased a new position in shares of Expedia Group in the 1st quarter worth $227,174,000. Los Angeles Capital Management LLC lifted its position in Expedia Group by 3,369.4% during the first quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company's stock valued at $172,995,000 after purchasing an additional 999,454 shares in the last quarter. AQR Capital Management LLC lifted its position in Expedia Group by 174.0% during the first quarter. AQR Capital Management LLC now owns 1,444,283 shares of the online travel company's stock valued at $235,592,000 after purchasing an additional 917,192 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Expedia Group during the first quarter valued at $82,975,000. Finally, Alkeon Capital Management LLC lifted its position in Expedia Group by 20.2% during the first quarter. Alkeon Capital Management LLC now owns 2,375,276 shares of the online travel company's stock valued at $399,284,000 after purchasing an additional 398,804 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Expedia Group

In other news, CAO Lance A. Soliday sold 852 shares of Expedia Group stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $205.88, for a total value of $175,409.76. Following the sale, the chief accounting officer directly owned 12,036 shares of the company's stock, valued at approximately $2,477,971.68. The trade was a 6.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of Expedia Group 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 completion of the sale, the director directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 9,816 shares of company stock valued at $2,009,132. 9.13% of the stock is currently owned by insiders.

Expedia Group Price Performance

NASDAQ:EXPE opened at $214.76 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The business's 50-day simple moving average is $215.44 and its two-hundred day simple moving average is $184.64. The stock has a market cap of $26.57 billion, a PE ratio of 26.32, a P/E/G 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 posted its quarterly 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 for the quarter, compared to analysts' expectations of $3.70 billion. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The business's quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $3.51 earnings per share. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EXPE. Benchmark lifted their target price on Expedia Group from $215.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, August 8th. B. Riley lifted their target price on Expedia Group from $222.00 to $260.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Wells Fargo & Company lifted their target price on Expedia Group from $211.00 to $212.00 and gave the company an "equal weight" rating in a research report on Monday, October 6th. Bank of America lifted their target price on Expedia Group from $211.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded Expedia Group from a "hold" rating to a "buy" rating in a research report on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $211.22.

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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