Expedia Group, Inc. $EXPE Shares Purchased by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC increased its stake in Expedia Group by 26.4% in Q1, now holding 181,657 shares worth approximately $30.5 million.
• Several institutional investors, including Nuveen LLC and Los Angeles Capital Management LLC, have made significant investments in Expedia Group during the same quarter.
• Expedia Group reported earnings of $4.24 per share in Q2, surpassing expectations, with revenue of $3.79 billion, a 6.4% year-over-year increase.

Gotham Asset Management LLC lifted its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 26.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 181,657 shares of the online travel company's stock after buying an additional 37,919 shares during the quarter. Expedia Group makes up 0.3% of Gotham Asset Management LLC's holdings, making the stock its 23rd largest position. Gotham Asset Management LLC owned about 0.14% of Expedia Group worth $30,537,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of EXPE. Brighton Jones LLC purchased a new stake in shares of Expedia Group in the fourth quarter worth about $408,000. Aptus Capital Advisors LLC purchased a new position in Expedia Group during the fourth quarter worth approximately $271,000. Captrust Financial Advisors boosted its position in Expedia Group by 19.0% during the fourth quarter. Captrust Financial Advisors now owns 26,870 shares of the online travel company's stock worth $5,007,000 after purchasing an additional 4,291 shares in the last quarter. Centiva Capital LP purchased a new position in Expedia Group during the fourth quarter worth approximately $291,000. Finally, CoreCap Advisors LLC boosted its position in Expedia Group by 194.3% during the fourth quarter. CoreCap Advisors LLC now owns 412 shares of the online travel company's stock worth $77,000 after purchasing an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EXPE shares. Citigroup increased 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. Wells Fargo & Company reiterated a "positive" rating on shares of Expedia Group in a research report on Friday, August 8th. UBS Group increased their price target on Expedia Group from $182.00 to $209.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Bank of America increased 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. Finally, Oppenheimer reiterated an "outperform" rating on shares of Expedia Group in a research report on Friday, August 8th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $205.63.

Insider Transactions at Expedia Group

In other news, insider Robert J. Dzielak sold 2,658 shares of Expedia Group stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $205.57, for a total transaction of $546,405.06. Following the sale, the insider owned 74,417 shares in the company, valued at approximately $15,297,902.69. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Craig A. Jacobson sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were 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. This trade represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,816 shares of company stock worth $2,009,132. Corporate insiders own 9.13% of the company's stock.

Expedia Group Stock Performance

Shares of EXPE traded up $0.50 during midday trading on Tuesday, reaching $217.70. 1,135,825 shares of the stock were exchanged, compared to its average volume of 2,058,764. The business's 50-day moving average price is $194.19 and its 200 day moving average price is $176.06. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. Expedia Group, Inc. has a twelve month low of $126.46 and a twelve month high of $219.10. The company has a market capitalization of $26.93 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.10 and a beta of 1.57.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $3.70 billion. During the same quarter in the previous year, the firm earned $3.51 earnings per share. The business's revenue 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. On average, sell-side analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be given 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 payout ratio is 19.61%.

Expedia Group Profile

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.