Intech Investment Management LLC Raises Stock Position in Expedia Group, Inc. $EXPE

Key Points

• Intech Investment Management LLC increased its holdings in Expedia Group by 166.0% during Q1, owning 15,117 shares valued at approximately $2.54 million.
• Expedia Group reported earnings per share of $4.24 for the last quarter, exceeding expectations and showing a revenue increase of 6.4% year-over-year.
• The company declared a quarterly dividend of $0.40 per share, with an annualized yield of 0.7%, set to be paid on September 18th.

Intech Investment Management LLC lifted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 166.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,117 shares of the online travel company's stock after buying an additional 9,434 shares during the quarter. Intech Investment Management LLC's holdings in Expedia Group were worth $2,541,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Focus Partners Wealth lifted its holdings in shares of Expedia Group by 0.7% in the first quarter. Focus Partners Wealth now owns 110,610 shares of the online travel company's stock worth $18,594,000 after acquiring an additional 802 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in shares of Expedia Group during the first quarter worth about $46,000. Plato Investment Management Ltd purchased a new stake in shares of Expedia Group during the first quarter valued at approximately $1,648,000. Empowered Funds LLC raised its holdings in Expedia Group by 18.9% in the first quarter. Empowered Funds LLC now owns 54,545 shares of the online travel company's stock worth $9,169,000 after purchasing an additional 8,655 shares in the last quarter. Finally, MBB Public Markets I LLC purchased a new stake in shares of Expedia Group during the first quarter valued at $297,000. Institutional investors own 90.76% of the company's stock.

Insider Activity

In other Expedia Group news, CAO Lance A. Soliday sold 852 shares of Expedia Group stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $205.88, for a total transaction of $175,409.76. Following the sale, the chief accounting officer owned 12,036 shares of the company's stock, valued at $2,477,971.68. The trade was a 6.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction on 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,816 shares of company stock worth $2,009,132 over the last three months. 9.13% of the stock is currently owned by corporate insiders.

Expedia Group Price Performance

Shares of Expedia Group stock traded up $0.51 on Friday, hitting $222.43. 3,559,950 shares of the company traded hands, compared to its average volume of 1,350,937. The business has a 50-day simple moving average of $202.25 and a 200 day simple moving average of $177.95. Expedia Group, Inc. has a 52 week low of $130.01 and a 52 week high of $229.00. The stock has a market capitalization of $27.52 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 1.16 and a beta of 1.57. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75.

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

Expedia Group Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on EXPE. BTIG Research reaffirmed a "buy" rating and issued a $250.00 price objective on shares of Expedia Group in a research report on Tuesday, September 9th. Royal Bank Of Canada boosted their target price on Expedia Group from $180.00 to $200.00 and gave the company a "sector perform" rating in a report on Friday, August 8th. Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 target price on shares of Expedia Group in a report on Wednesday, July 23rd. Benchmark raised their target price on Expedia Group from $215.00 to $265.00 and gave the company a "buy" rating in a research note 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 equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Expedia Group currently has a consensus rating of "Hold" and an average 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.