Fragasso Financial Advisors Inc Buys 2,137 Shares of Expedia Group, Inc. $EXPE

Key Points

• Fragasso Financial Advisors Inc increased its stake in Expedia Group by 64.2% during Q2, owning 5,467 shares valued at approximately $922,000.
• Expedia Group recently reported a quarterly EPS of $4.24, exceeding analysts' estimates, with revenues reaching $3.79 billion, a 6.4% increase year-over-year.
• Several analysts revised their price targets for Expedia Group, with Bank of America increasing theirs from $211 to $240 and both DA Davidson and Morgan Stanley also raising their targets.

Fragasso Financial Advisors Inc increased its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 64.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,467 shares of the online travel company's stock after purchasing an additional 2,137 shares during the quarter. Fragasso Financial Advisors Inc's holdings in Expedia Group were worth $922,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Central Bank & Trust Co. increased its stake in Expedia Group by 5.2% during the 2nd quarter. Central Bank & Trust Co. now owns 7,705 shares of the online travel company's stock worth $1,300,000 after purchasing an additional 381 shares in the last quarter. Czech National Bank lifted its holdings in Expedia Group by 4.9% during the 2nd quarter. Czech National Bank now owns 29,722 shares of the online travel company's stock valued at $5,014,000 after purchasing an additional 1,395 shares during the last quarter. Range Financial Group LLC acquired a new stake in Expedia Group during the 2nd quarter worth approximately $452,000. Gallacher Capital Management LLC acquired a new stake in shares of Expedia Group in the second quarter valued at approximately $274,000. Finally, Parallel Advisors LLC raised its holdings in shares of Expedia Group by 10.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,700 shares of the online travel company's stock worth $287,000 after buying an additional 165 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on EXPE. DA Davidson increased their target price on shares of Expedia Group from $174.00 to $218.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Wall Street Zen raised Expedia Group from a "hold" rating to a "buy" rating in a report on Monday, July 28th. Piper Sandler lifted their price target on shares of Expedia Group from $135.00 to $190.00 and gave the company an "underweight" rating in a report on Friday, August 8th. Sanford C. Bernstein set a $210.00 price objective on shares of Expedia Group in a research report on Monday, August 11th. Finally, 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 research note on Tuesday, June 24th. 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. Based on data from MarketBeat.com, Expedia Group has an average rating of "Hold" and an average price target of $205.63.

Expedia Group Price Performance

Shares of NASDAQ:EXPE traded up $0.51 on Friday, hitting $222.43. The company's stock had a trading volume of 3,559,950 shares, compared to its average volume of 1,350,937. Expedia Group, Inc. has a 1 year low of $130.01 and a 1 year high of $229.00. The company has a market capitalization of $27.52 billion, a PE ratio of 27.26, a PEG ratio of 1.17 and a beta of 1.57. The company has a 50-day simple moving average of $202.25 and a 200 day simple moving average of $177.86. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.13 by $0.11. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The business had revenue of $3.79 billion during the quarter, compared to analysts' expectations of $3.70 billion. During the same period in the previous year, the company earned $3.51 earnings per share. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

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

Insider Activity

In other news, CAO Lance A. Soliday sold 852 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $205.88, for a total value of $175,409.76. Following the completion of the sale, the chief accounting officer directly owned 12,036 shares of the company's stock, valued at approximately $2,477,971.68. The trade was a 6.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert J. Dzielak sold 2,658 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $205.57, for a total transaction of $546,405.06. Following the completion of the sale, the insider owned 74,417 shares of the company's stock, valued at $15,297,902.69. This trade represents a 3.45% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,816 shares of company stock worth $2,009,132. 9.13% of the stock is currently owned by corporate insiders.

Expedia Group 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.