Gallacher Capital Management LLC Acquires Shares of 1,623 Expedia Group, Inc. $EXPE

Key Points

• Gallacher Capital Management LLC acquired 1,623 shares of Expedia Group, valued at approximately $274,000, during the second quarter.
• Expedia Group reported a quarterly EPS of $4.24, surpassing estimates, and had a revenue growth of 6.4% year-over-year with guidance set for FY 2025.
• The company announced a $0.40 quarterly dividend to be paid on September 18th, representing a yield of 0.7% and a payout ratio of 19.61%.

Gallacher Capital Management LLC bought a new position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,623 shares of the online travel company's stock, valued at approximately $274,000.

A number of other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC lifted its stake in Expedia Group by 10.7% during the second quarter. Parallel Advisors LLC now owns 1,700 shares of the online travel company's stock worth $287,000 after purchasing an additional 165 shares during the last quarter. OMNI 360 Wealth Inc. acquired a new stake in shares of Expedia Group during the second quarter worth $325,000. Trinity Financial Advisors LLC bought a new position in shares of Expedia Group in the 2nd quarter worth about $211,000. Kera Capital Partners Inc. lifted its position in shares of Expedia Group by 72.2% in the 2nd quarter. Kera Capital Partners Inc. now owns 3,071 shares of the online travel company's stock worth $518,000 after buying an additional 1,288 shares during the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Expedia Group in the 1st quarter valued at about $831,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Price Performance

NASDAQ EXPE opened at $228.24 on Tuesday. Expedia Group, Inc. has a 12 month low of $130.01 and a 12 month high of $229.00. The firm has a market capitalization of $28.24 billion, a PE ratio of 27.97, a P/E/G ratio of 1.17 and a beta of 1.57. The company's 50 day simple moving average is $198.77 and its 200 day simple moving average is $176.86. 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 quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.70 billion. During the same period last year, the company posted $3.51 EPS. The firm'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. As a group, equities research analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

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

Analysts Set New Price Targets

EXPE has been the topic of several research reports. DA Davidson increased their price objective 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. Cowen reiterated a "hold" rating on shares of Expedia Group in a research report on Friday, August 8th. Benchmark boosted their price objective on Expedia Group from $215.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Wells Fargo & Company restated a "positive" rating on shares of Expedia Group in a research note on Friday, August 8th. Finally, Citigroup raised their target price on Expedia Group from $177.00 to $206.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $205.63.

Insider Activity

In other 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 value of $663,977.04. Following the transaction, the insider owned 77,075 shares of the company's stock, valued at $15,479,743. The trade was a 4.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Craig A. Jacobson sold 3,000 shares of the business's 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 completion of the sale, the director owned 33,858 shares in the company, valued at $7,035,015.24. The trade was a 8.14% decrease in their ownership of the stock. 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. Corporate insiders own 9.13% of the company's stock.

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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