DoubleLine ETF Adviser LP Makes New $501,000 Investment in Expedia Group, Inc. $EXPE

Key Points

• DoubleLine ETF Adviser LP has acquired a new stake in Expedia Group, purchasing 2,981 shares valued at approximately $501,000 in the first quarter.
• Expedia Group announced a quarterly dividend of $0.40 per share, which will be paid on September 18th, representing an annualized yield of 0.7%.
• Wall Street analysts have raised their target prices for Expedia Group, with the average price target set at $205.63, while the stock currently shows a "Hold" consensus rating.

DoubleLine ETF Adviser LP purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 2,981 shares of the online travel company's stock, valued at approximately $501,000.

A number of other institutional investors have also recently made changes to their positions in EXPE. Minot DeBlois Advisors LLC acquired a new stake in shares of Expedia Group in the 4th quarter worth $27,000. McClarren Financial Advisors Inc. acquired a new stake in shares of Expedia Group in the 1st quarter worth $28,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Expedia Group in the 1st quarter worth $28,000. Park Square Financial Group LLC acquired a new stake in shares of Expedia Group in the 1st quarter worth $34,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Expedia Group in the 1st quarter worth $36,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Stock Performance

Shares of EXPE stock traded down $3.59 on Wednesday, hitting $214.11. The company had a trading volume of 458,854 shares, compared to its average volume of 2,049,460. The firm has a market cap of $26.49 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 1.14 and a beta of 1.57. The company has a 50-day moving average price of $195.06 and a 200-day moving average price of $176.35. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. Expedia Group, Inc. has a twelve month low of $126.46 and a twelve month high of $219.10.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 56.25% and a net margin of 7.94%.The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.51 EPS. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be 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 is Thursday, August 28th. Expedia Group's payout ratio is 19.61%.

Insider Activity at Expedia Group

In related news, 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Dzielak sold 3,306 shares of Expedia Group stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $200.84, for a total value of $663,977.04. Following the completion of the transaction, the insider owned 77,075 shares of the company's stock, 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 sold a total of 9,816 shares of company stock worth $2,009,132 in the last 90 days. Corporate insiders own 9.13% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Truist Financial lowered their price objective on Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a research report on Tuesday, June 24th. Bank of America lifted their price target on Expedia Group from $211.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Cowen reaffirmed a "hold" rating on shares of Expedia Group in a research report on Friday, August 8th. Piper Sandler lifted their price target on Expedia Group from $135.00 to $190.00 and gave the stock an "underweight" rating in a research report on Friday, August 8th. Finally, Citigroup lifted their price target on Expedia Group from $177.00 to $206.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $205.63.

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.