Expedia Group, Inc. $EXPE Shares Sold by Corebridge Financial Inc.

Key Points

• Corebridge Financial Inc. reduced its stake in Expedia Group by 4.1%, now holding 37,131 shares worth approximately $6.24 million.
• Expedia Group reported earnings per share of $4.24, exceeding the consensus estimate, and revenue of $3.79 billion, marking a 6.4% increase year-over-year.
• A recent quarterly dividend of $0.40 will be paid on September 18th, representing an annualized dividend of $1.60 and a yield of 0.7%.

Corebridge Financial Inc. lessened its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 4.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,131 shares of the online travel company's stock after selling 1,588 shares during the quarter. Corebridge Financial Inc.'s holdings in Expedia Group were worth $6,242,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EXPE. Minot DeBlois Advisors LLC purchased a new stake in Expedia Group during the fourth quarter valued at $27,000. McClarren Financial Advisors Inc. bought a new position in shares of Expedia Group in the first quarter worth about $28,000. Atlas Capital Advisors Inc. bought a new position in Expedia Group during the 1st quarter worth about $28,000. Park Square Financial Group LLC bought a new position in Expedia Group during the 1st quarter worth about $34,000. Finally, Zions Bancorporation National Association UT bought a new position in Expedia Group during the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Price Performance

Shares of Expedia Group stock traded down $1.12 during trading hours on Wednesday, reaching $211.01. The company's stock had a trading volume of 677,455 shares, compared to its average volume of 2,075,119. The firm has a 50 day moving average price of $190.41 and a 200-day moving average price of $175.90. Expedia Group, Inc. has a one year low of $126.46 and a one year high of $216.60. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $26.11 billion, a P/E ratio of 25.88, a P/E/G 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 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 firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the previous year, the firm posted $3.51 EPS. The business's quarterly 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. On average, analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 28th. Expedia Group's payout ratio is 19.61%.

Insider Activity

In other Expedia Group news, Director Craig A. Jacobson sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were 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 represents a 8.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 852 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total transaction of $175,409.76. Following the transaction, the chief accounting officer owned 12,036 shares in the company, valued at $2,477,971.68. The trade was a 6.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,816 shares of company stock worth $2,009,132. 9.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EXPE has been the subject of several research analyst reports. Wedbush increased their price objective on shares of Expedia Group from $175.00 to $220.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Citigroup lifted their price target on shares of Expedia Group from $177.00 to $206.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. The Goldman Sachs Group decreased their price objective on Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Morgan Stanley lifted their price target on Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Finally, Barclays lifted their price target on Expedia Group from $190.00 to $197.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Three equities 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 assigned a Sell rating to the company. According to MarketBeat.com, the company 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.