Expedia Group, Inc. $EXPE Shares Sold by Legacy Trust

Key Points

• Legacy Trust reduced its stake in Expedia Group by 7.4%, selling 2,535 shares, and now holds approximately 31,752 shares valued at $5.36 million.
• Expedia reported $4.24 earnings per share for the recent quarter, exceeding analysts' estimates, along with a year-over-year revenue increase of 6.4%.
• The company declared a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 0.7%.

Legacy Trust cut its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 7.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,752 shares of the online travel company's stock after selling 2,535 shares during the period. Expedia Group accounts for about 1.3% of Legacy Trust's portfolio, making the stock its 29th largest holding. Legacy Trust's holdings in Expedia Group were worth $5,356,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in EXPE. McClarren Financial Advisors Inc. acquired a new position in Expedia Group during the first quarter worth $28,000. Atlas Capital Advisors Inc. acquired a new position in Expedia Group during the first quarter worth $28,000. Park Square Financial Group LLC acquired a new position in Expedia Group during the first quarter worth $34,000. Zions Bancorporation National Association UT acquired a new position in Expedia Group during the first quarter worth $36,000. Finally, First Pacific Financial lifted its stake in Expedia Group by 60.0% during the second quarter. First Pacific Financial now owns 240 shares of the online travel company's stock worth $40,000 after purchasing an additional 90 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Performance

NASDAQ EXPE opened at $219.23 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. Expedia Group, Inc. has a 52-week low of $130.01 and a 52-week high of $229.00. The business's 50-day moving average price is $208.99 and its 200 day moving average price is $181.30. The firm has a market cap of $27.12 billion, a P/E ratio of 26.87, a P/E/G ratio of 1.15 and a beta of 1.56.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (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 firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter last year, the company posted $3.51 earnings per share. The business'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. On average, equities research analysts expect 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 was paid on Thursday, September 18th. Investors of record on Thursday, August 28th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. Expedia Group's dividend payout ratio (DPR) is currently 19.61%.

Analyst Ratings Changes

A number of research analysts have commented on EXPE shares. BTIG Research restated a "buy" rating and set a $250.00 price target on shares of Expedia Group in a research note on Tuesday, September 9th. Piper Sandler upped their price target on Expedia Group from $135.00 to $190.00 and gave the stock an "underweight" rating in a research note on Friday, August 8th. UBS Group upped their price target on Expedia Group from $182.00 to $209.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. DA Davidson upped their price target on Expedia Group from $174.00 to $218.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Finally, Royal Bank Of Canada upped their price target on Expedia Group from $180.00 to $200.00 and gave the stock a "sector perform" rating in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $208.96.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 3,306 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Craig A. Jacobson sold 3,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $207.78, for a total value 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. Insiders have sold a total of 9,816 shares of company stock valued at $2,009,132 over the last quarter. 9.13% of the stock is currently owned by insiders.

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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