Comerica Bank Sells 3,221 Shares of Expedia Group, Inc. $EXPE

Key Points

• Comerica Bank reduced its holdings in Expedia Group by 10.1%, owning 28,703 shares valued at $4.8 million after selling 3,221 shares in the 1st quarter.
• Analysts have mixed opinions on Expedia's stock, with a consensus rating of "Hold" and a target price of $205.63, while some firms like BTIG Research set a target price of $250.00 with a "buy" rating.
• Expedia Group recently announced a quarterly dividend of $0.40 per share, yielding 0.7%, to be paid to investors of record on August 28th.

Comerica Bank cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 10.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,703 shares of the online travel company's stock after selling 3,221 shares during the quarter. Comerica Bank's holdings in Expedia Group were worth $4,825,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Altman Advisors Inc. grew its holdings in Expedia Group by 0.5% in the 1st quarter. Altman Advisors Inc. now owns 13,338 shares of the online travel company's stock worth $2,093,000 after buying an additional 65 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Expedia Group by 14.1% in the first quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock valued at $94,000 after purchasing an additional 69 shares in the last quarter. Foyston Gordon & Payne Inc lifted its holdings in shares of Expedia Group by 0.3% in the fourth quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock valued at $4,124,000 after purchasing an additional 74 shares in the last quarter. Horizon Investments LLC lifted its holdings in shares of Expedia Group by 4.4% in the first quarter. Horizon Investments LLC now owns 1,780 shares of the online travel company's stock valued at $299,000 after purchasing an additional 75 shares in the last quarter. Finally, Ascent Group LLC lifted its holdings in shares of Expedia Group by 3.2% in the fourth quarter. Ascent Group LLC now owns 2,430 shares of the online travel company's stock valued at $453,000 after purchasing an additional 76 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Lance A. Soliday sold 852 shares of Expedia Group stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 owned 77,075 shares of the company's stock, valued at $15,479,743. This trade represents a 4.11% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,816 shares of company stock worth $2,009,132. Insiders own 9.13% of the company's stock.

Expedia Group Stock Performance

EXPE stock traded down $1.10 during trading on Wednesday, reaching $211.02. 677,455 shares of the stock were exchanged, compared to its average volume of 2,075,119. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The stock has a 50 day simple moving average of $190.41 and a 200-day simple moving average of $175.90. The company has a market capitalization of $26.11 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 1.10 and a beta of 1.57. Expedia Group, Inc. has a twelve month low of $126.46 and a twelve month high of $216.60.

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, beating analysts' consensus estimates of $4.13 by $0.11. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.70 billion. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The company's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.51 earnings per share. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current 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 paid a $0.40 dividend. The ex-dividend date 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 19.61%.

Wall Street Analysts Forecast Growth

EXPE has been the subject of a number of research analyst reports. Truist Financial reduced their target price on Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a report on Tuesday, June 24th. Oppenheimer restated an "outperform" rating on shares of Expedia Group in a report on Friday, August 8th. Bank of America increased their target price on Expedia Group from $211.00 to $240.00 and gave the company a "buy" rating in a report on Friday, August 8th. BTIG Research set a $250.00 target price on Expedia Group and gave the company a "buy" rating in a report on Friday, August 8th. Finally, The Goldman Sachs Group cut their price objective on Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a report on Friday, May 9th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Expedia Group currently has an average rating of "Hold" and an average price target 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.