Expedia Group, Inc. $EXPE Stock Holdings Cut by TD Asset Management Inc

Key Points

• TD Asset Management Inc has decreased its holdings in Expedia Group, Inc. by 1.6%, now owning 153,328 shares valued at approximately $25.86 million.
• Expedia Group's stock currently has a consensus rating of "Hold" with a target price of $211.22, following various price adjustments from different analysts.
• The company recently reported a Q2 2023 earnings per share of $4.24, surpassing estimates, and declared a quarterly dividend of $0.40 per share.

TD Asset Management Inc cut its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 153,328 shares of the online travel company's stock after selling 2,471 shares during the quarter. TD Asset Management Inc owned 0.12% of Expedia Group worth $25,863,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of EXPE. McClarren Financial Advisors Inc. acquired a new position in Expedia Group during the first quarter worth about $28,000. Atlas Capital Advisors Inc. bought a new position in shares of Expedia Group during the 1st quarter valued at about $28,000. GFG Capital LLC bought a new position in shares of Expedia Group during the 2nd quarter valued at about $29,000. Trust Co. of Toledo NA OH acquired a new position in shares of Expedia Group in the 2nd quarter worth approximately $31,000. Finally, Park Square Financial Group LLC bought a new stake in shares of Expedia Group in the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Analyst Ratings Changes

EXPE has been the subject of a number of research reports. Mizuho initiated coverage on shares of Expedia Group in a report on Tuesday, September 30th. They set a "neutral" rating and a $240.00 target price for the company. Truist Financial reduced their price objective on Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a research note on Tuesday, June 24th. Cowen reaffirmed a "hold" rating on shares of Expedia Group in a research report on Friday, August 8th. Bank of America increased their price target on Expedia Group from $211.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Morgan Stanley boosted their price objective on Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Expedia Group presently has a consensus rating of "Hold" and a consensus price target of $211.22.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 2,658 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $205.57, for a total value of $546,405.06. Following the completion of the sale, the insider owned 74,417 shares in the company, valued at $15,297,902.69. This represents a 3.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of the business's stock in a transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,816 shares of company stock worth $2,009,132. 9.13% of the stock is owned by company insiders.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $214.76 on Friday. The company's fifty day moving average is $215.44 and its two-hundred day moving average is $184.30. The company has a market cap of $26.57 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 1.12 and a beta of 1.56. Expedia Group, Inc. has a 12-month low of $130.01 and a 12-month high of $240.98. 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 (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results 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 business 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%.Expedia Group's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.51 earnings per share. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 28th. Expedia Group's dividend payout ratio is 19.61%.

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.

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