Harvest Portfolios Group Inc. Sells 2,355 Shares of Expedia Group, Inc. $EXPE

Key Points

• Harvest Portfolios Group Inc. reduced its stake in Expedia Group, Inc. by 12.1% during the first quarter, now owning 17,088 shares valued at approximately $2.87 million.
• Expedia Group reported $4.24 earnings per share for the last quarter, surpassing analysts' expectations and marking a revenue increase of 6.4% year-over-year.
• The company will pay a quarterly dividend of $0.40 per share on September 18th, which represents an annualized yield of 0.7%.

Harvest Portfolios Group Inc. trimmed its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 12.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,088 shares of the online travel company's stock after selling 2,355 shares during the period. Harvest Portfolios Group Inc.'s holdings in Expedia Group were worth $2,872,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EXPE. Hunter Associates Investment Management LLC raised its holdings in Expedia Group by 10.2% during the first quarter. Hunter Associates Investment Management LLC now owns 29,950 shares of the online travel company's stock worth $5,051,000 after acquiring an additional 2,776 shares in the last quarter. Praxis Investment Management Inc. raised its holdings in Expedia Group by 63.5% during the first quarter. Praxis Investment Management Inc. now owns 4,610 shares of the online travel company's stock worth $775,000 after acquiring an additional 1,790 shares in the last quarter. Korea Investment CORP raised its holdings in Expedia Group by 55.1% during the first quarter. Korea Investment CORP now owns 177,934 shares of the online travel company's stock worth $29,911,000 after acquiring an additional 63,244 shares in the last quarter. Monument Capital Management bought a new stake in Expedia Group during the first quarter worth about $2,261,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Expedia Group by 19.0% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,838 shares of the online travel company's stock worth $2,662,000 after acquiring an additional 2,534 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Trading Up 0.0%

Expedia Group stock traded up $0.09 during trading hours on Friday, reaching $214.80. 1,255,319 shares of the company's stock were exchanged, compared to its average volume of 2,151,605. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The firm's 50 day simple moving average is $188.57 and its 200 day simple moving average is $175.94. The firm has a market capitalization of $26.58 billion, a PE ratio of 26.32, a PEG ratio of 1.10 and a beta of 1.61. 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 issued its earnings results on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, beating the consensus estimate 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 return on equity of 56.25% and a net margin of 7.94%.The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $3.51 EPS. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be paid 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 yield of 0.7%. Expedia Group's payout ratio is 19.61%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EXPE. Benchmark upped their target price on Expedia Group from $215.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Citigroup upped their target price on Expedia Group from $177.00 to $206.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. B. Riley upped their price objective on Expedia Group from $222.00 to $260.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Sanford C. Bernstein set a $210.00 price objective on Expedia Group in a research note on Monday, August 11th. Finally, Bank of America upped their target price on Expedia Group from $211.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Expedia Group has an average rating of "Hold" and a consensus target price of $205.63.

Insider Buying and Selling at Expedia Group

In other Expedia Group 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of Expedia Group 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 directly owned 33,858 shares in the company, valued at approximately $7,035,015.24. This represents a 8.14% 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. Insiders own 9.13% of the company's stock.

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.