Expedia Group, Inc. $EXPE Shares Bought by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its holdings in Expedia Group by 101.9%, owning approximately 96,110 shares valued at $15.7 million after purchasing an additional 48,511 shares.
• Expedia recently reported earnings of $4.24 per share, surpassing analysts' expectations, and had a revenue of $3.79 billion for the quarter.
• The company announced a quarterly dividend of $0.40, with an ex-dividend date of August 28, 2023, representing an annualized yield of 0.8%.

Aberdeen Group plc raised its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 101.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 96,110 shares of the online travel company's stock after purchasing an additional 48,511 shares during the period. Aberdeen Group plc owned about 0.07% of Expedia Group worth $15,738,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EXPE. Brighton Jones LLC acquired a new stake in Expedia Group in the fourth quarter valued at approximately $408,000. Jump Financial LLC grew its holdings in Expedia Group by 45.5% in the fourth quarter. Jump Financial LLC now owns 2,811 shares of the online travel company's stock valued at $524,000 after purchasing an additional 879 shares during the period. NewEdge Advisors LLC grew its holdings in Expedia Group by 24.6% in the fourth quarter. NewEdge Advisors LLC now owns 5,196 shares of the online travel company's stock valued at $968,000 after purchasing an additional 1,025 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Expedia Group in the fourth quarter valued at approximately $1,621,000. Finally, GeoWealth Management LLC grew its holdings in Expedia Group by 455.7% in the fourth quarter. GeoWealth Management LLC now owns 1,606 shares of the online travel company's stock valued at $299,000 after purchasing an additional 1,317 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 2,658 shares of Expedia Group stock in a transaction 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 sale, the insider directly owned 74,417 shares of the company's stock, valued at approximately $15,297,902.69. The trade was a 3.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 9.13% of the company's stock.

Expedia Group Price Performance

EXPE stock opened at $206.67 on Tuesday. Expedia Group, Inc. has a 52-week low of $126.46 and a 52-week high of $213.00. 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 has a fifty day moving average of $180.54 and a two-hundred day moving average of $174.07. The stock has a market cap of $25.57 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 1.03 and a beta of 1.61.

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 for the quarter, beating analysts' consensus estimates of $4.13 by $0.11. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%. The business had revenue of $3.79 billion during the quarter, compared to analysts' expectations of $3.70 billion. During the same period in the previous year, the firm posted $3.51 earnings per share. The company's revenue was up 6.4% on a year-over-year basis. As a group, research analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. Expedia Group's payout ratio is presently 19.61%.

Wall Street Analysts Forecast Growth

EXPE has been the topic of several research analyst reports. Wedbush raised their price objective on Expedia Group from $175.00 to $220.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Bank of America raised 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. Morgan Stanley raised their target price 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. Sanford C. Bernstein set a $210.00 target price on Expedia Group in a research report on Monday, August 11th. Finally, Piper Sandler raised their target price on Expedia Group from $135.00 to $190.00 and gave the company an "underweight" rating in a research report on Friday, August 8th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Expedia Group presently has an average rating of "Moderate Buy" and a consensus target price 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.

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