Korea Investment CORP Boosts Stock Position in Expedia Group, Inc. $EXPE

Key Points

• Korea Investment CORP increased its stake in Expedia Group by 55.1%, acquiring an additional 63,244 shares, bringing its total ownership to approximately $29.9 million.
• Expedia Group reported a 6.4% year-over-year increase in revenue for the last quarter, with earnings per share of $4.24, exceeding the consensus estimate.
• The company recently announced a quarterly dividend of $0.40 per share, representing an annualized yield of 0.8%.

Korea Investment CORP boosted its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 55.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,934 shares of the online travel company's stock after acquiring an additional 63,244 shares during the quarter. Korea Investment CORP owned 0.14% of Expedia Group worth $29,911,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Minot DeBlois Advisors LLC bought a new stake in Expedia Group in the 4th quarter valued at $27,000. McClarren Financial Advisors Inc. acquired a new position in shares of Expedia Group in the first quarter valued at $28,000. Atlas Capital Advisors Inc. bought a new position in shares of Expedia Group in the first quarter valued at about $28,000. Park Square Financial Group LLC acquired a new stake in Expedia Group during the first quarter worth approximately $34,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Expedia Group during the first quarter worth approximately $36,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Price Performance

Shares of EXPE stock traded up $9.46 during trading hours on Friday, reaching $214.81. The stock had a trading volume of 2,216,478 shares, compared to its average volume of 2,102,833. The firm has a market capitalization of $26.58 billion, a PE ratio of 26.32, a PEG ratio of 1.05 and a beta of 1.61. Expedia Group, Inc. has a 12 month low of $126.46 and a 12 month high of $216.60. The stock's fifty day simple moving average is $183.52 and its 200 day simple moving average is $175.09. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.13 by $0.11. The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.70 billion. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The firm's revenue was up 6.4% compared to the same quarter last year. During the same period 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. On average, equities research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. Expedia Group's dividend payout ratio is 19.61%.

Insider Activity at Expedia Group

In other news, insider Robert J. Dzielak sold 3,306 shares of Expedia Group stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $200.84, for a total transaction of $663,977.04. Following the completion of the transaction, the insider directly owned 77,075 shares in the company, valued at approximately $15,479,743. This trade represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 852 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total value of $175,409.76. Following the transaction, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $2,477,971.68. The trade was a 6.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,816 shares of company stock valued at $2,009,132 in the last three months. Company insiders own 9.13% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Oppenheimer reaffirmed an "outperform" rating on shares of Expedia Group in a report on Friday, August 8th. B. Riley raised their target price on shares of Expedia Group from $222.00 to $260.00 and gave the company a "buy" rating in a report on Friday, August 8th. BTIG Research set a $250.00 price target on Expedia Group and gave the company a "buy" rating in a research note on Friday, August 8th. Wall Street Zen raised shares of Expedia Group from a "hold" rating to a "buy" rating in a research note on Monday, July 28th. Finally, Piper Sandler upped their price target on Expedia Group from $135.00 to $190.00 and gave the company an "underweight" rating in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently 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.