Expedia Group, Inc. $EXPE Shares Purchased by State of Alaska Department of Revenue

Key Points

• The State of Alaska Department of Revenue increased its stake in Expedia Group by 63.7%, acquiring a total of 23,661 shares valued at approximately $3.99 million during the second quarter.
• Expedia Group reported a quarterly EPS of $4.24, exceeding analysts' expectations, with a year-over-year revenue increase of 6.4% to $3.79 billion.
• The company has announced a quarterly dividend of $0.40, which represents an annualized dividend yield of 0.7%, with a payout ratio of 19.61%.

State of Alaska Department of Revenue boosted its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 63.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,661 shares of the online travel company's stock after acquiring an additional 9,210 shares during the quarter. State of Alaska Department of Revenue's holdings in Expedia Group were worth $3,990,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of EXPE. McClarren Financial Advisors Inc. purchased a new position in shares of Expedia Group in the first quarter valued at approximately $28,000. Atlas Capital Advisors Inc. acquired a new stake in Expedia Group during the 1st quarter worth approximately $28,000. Park Square Financial Group LLC acquired a new stake in Expedia Group during the 1st quarter worth approximately $34,000. Zions Bancorporation National Association UT purchased a new position in Expedia Group in the 1st quarter valued at approximately $36,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of Expedia Group in the first quarter worth $46,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 852 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $205.88, for a total value of $175,409.76. Following the completion of the sale, the chief accounting officer directly owned 12,036 shares of the company's stock, valued at approximately $2,477,971.68. This represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $207.78, for a total transaction of $623,340.00. Following the transaction, the director owned 33,858 shares in the company, valued at approximately $7,035,015.24. This trade represents a 8.14% 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. 9.13% of the stock is currently owned by company insiders.

Expedia Group Stock Down 1.1%

EXPE stock opened at $220.51 on Tuesday. The stock has a market cap of $27.28 billion, a P/E ratio of 27.02, a PEG ratio of 1.17 and a beta of 1.57. 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, Inc. has a twelve month low of $130.01 and a twelve month high of $229.00. The company's 50 day moving average is $206.81 and its two-hundred day moving average is $180.02.

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, beating 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 firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same period last year, the firm posted $3.51 EPS. The company's revenue was up 6.4% on a year-over-year basis. 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 company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th were 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 was Thursday, August 28th. Expedia Group's payout ratio is presently 19.61%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EXPE. DA Davidson increased their price objective on Expedia Group from $174.00 to $218.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Cowen restated a "hold" rating on shares of Expedia Group in a report on Friday, August 8th. BTIG Research reiterated a "buy" rating and issued a $250.00 price objective on shares of Expedia Group in a research note on Tuesday, September 9th. Barclays boosted their price objective on Expedia Group from $190.00 to $197.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Finally, Truist Financial reduced their target price on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a report on Tuesday, June 24th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.77.

Expedia Group Company 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.

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