CoreCap Advisors LLC Cuts Stake in Expedia Group, Inc. $EXPE

Key Points

• CoreCap Advisors LLC cut its Expedia stake by 93.2% in the second quarter, ending with 626 shares worth approximately $160,000. Institutional investors collectively own 90.76% of the company.
• Expedia reported stronger-than-expected quarterly results, with EPS of $5.76 versus the $5.22 consensus and revenue of $4.32 billion, up 14% year over year.
• Shares opened at $321.07, near the 52-week high, while analysts maintained a generally cautious outlook: the consensus rating is “Hold” with an average price target of $310.88. Expedia also declared a $0.48 quarterly dividend, yielding 0.6% annually.

CoreCap Advisors LLC lessened its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 93.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 626 shares of the online travel company's stock after selling 8,598 shares during the quarter. CoreCap Advisors LLC's holdings in Expedia Group were worth $160,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. CX Institutional increased its holdings in Expedia Group by 13.9% in the 2nd quarter. CX Institutional now owns 30,084 shares of the online travel company's stock valued at $7,698,000 after acquiring an additional 3,677 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Expedia Group by 13.3% during the first quarter. Pacer Advisors Inc. now owns 1,069,524 shares of the online travel company's stock valued at $246,942,000 after purchasing an additional 125,749 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Expedia Group by 3.6% during the first quarter. Parallel Advisors LLC now owns 1,927 shares of the online travel company's stock valued at $445,000 after purchasing an additional 67 shares in the last quarter. Cozad Asset Management Inc. increased its holdings in shares of Expedia Group by 17.1% in the first quarter. Cozad Asset Management Inc. now owns 37,491 shares of the online travel company's stock worth $8,656,000 after purchasing an additional 5,482 shares during the last quarter. Finally, BankChampaign National Association bought a new stake in shares of Expedia Group in the first quarter worth about $464,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Trading Up 2.2%

Shares of NASDAQ EXPE opened at $321.07 on Wednesday. The business's 50 day moving average is $264.45 and its two-hundred day moving average is $244.84. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. Expedia Group, Inc. has a 1-year low of $185.34 and a 1-year high of $331.31. The stock has a market capitalization of $39.34 billion, a P/E ratio of 20.02, a PEG ratio of 0.77 and a beta of 1.22.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.22 by $0.54. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.17 billion. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The company's revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the company earned $4.24 EPS. As a group, research analysts expect that Expedia Group, Inc. will post 17.18 EPS for the current year.

Expedia Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, August 27th will be given a $0.48 dividend. The ex-dividend date is Thursday, August 27th. This represents a $1.92 dividend on an annualized basis and a yield of 0.6%. Expedia Group's dividend payout ratio (DPR) is currently 11.97%.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the business's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the transaction, the chief accounting officer owned 14,083 shares in the company, valued at $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the completion of the sale, the insider directly owned 105,448 shares in the company, valued at approximately $24,569,384. This represents a 4.27% decrease in their position. The SEC filing for this sale provides additional information. 5.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Robert W. Baird set a $335.00 price target on Expedia Group in a research note on Thursday, August 6th. Wedbush reaffirmed an "outperform" rating and issued a $334.00 price objective on shares of Expedia Group in a research note on Thursday, August 6th. UBS Group upped their price objective on Expedia Group from $262.00 to $322.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Expedia Group in a research report on Friday. Finally, TD Cowen raised their target price on shares of Expedia Group from $285.00 to $320.00 and gave the company a "hold" rating in a report on Friday. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $310.88.

About Expedia Group

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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