HighTower Advisors LLC Has $18.55 Million Position in Expedia Group, Inc. $EXPE

Key Points

• HighTower Advisors LLC increased its stake in Expedia Group, Inc. by 58.6%, acquiring a total of 110,353 shares worth approximately $18.55 million.
• Expedia Group reported a net income of $4.24 EPS for the last quarter, surpassing analysts' expectations, with revenues reaching $3.79 billion, reflecting a 6.4% year-over-year increase.
• The company declared a quarterly dividend of $0.40, with an annualized yield of 0.8%, payable to investors on August 28th.

HighTower Advisors LLC raised its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 58.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,353 shares of the online travel company's stock after purchasing an additional 40,757 shares during the quarter. HighTower Advisors LLC owned about 0.09% of Expedia Group worth $18,550,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in EXPE. Minot DeBlois Advisors LLC acquired a new stake in Expedia Group in the fourth quarter valued at $27,000. McClarren Financial Advisors Inc. purchased a new position in Expedia Group during the first quarter worth about $28,000. Atlas Capital Advisors Inc. purchased a new stake in Expedia Group in the 1st quarter valued at about $28,000. Park Square Financial Group LLC acquired a new position in shares of Expedia Group during the 1st quarter valued at about $34,000. Finally, Optiver Holding B.V. purchased a new position in shares of Expedia Group during the 4th quarter worth about $38,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 3,306 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was 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 in the company, valued at $15,479,743. The trade was a 4.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 9.13% of the company's stock.

Analyst Upgrades and Downgrades

EXPE has been the subject of a number of research analyst reports. BTIG Research set a $250.00 price objective on Expedia Group and gave the stock a "buy" rating in a report on Friday, August 8th. Wells Fargo & Company reiterated a "positive" rating on shares of Expedia Group in a report on Friday, August 8th. Citigroup increased their price target on Expedia Group from $177.00 to $206.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Sanford C. Bernstein set a $210.00 price target on Expedia Group in a research note on Monday, August 11th. Finally, Bank of America upped their price objective on Expedia Group from $211.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $205.63.

Expedia Group Price Performance

Shares of NASDAQ:EXPE traded down $3.9650 during trading on Wednesday, reaching $204.0750. The company had a trading volume of 573,197 shares, compared to its average volume of 2,109,788. Expedia Group, Inc. has a twelve month low of $126.46 and a twelve month high of $213.00. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $25.25 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 1.03 and a beta of 1.61. The firm's fifty day moving average is $181.22 and its 200 day moving average is $174.30.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share 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 during the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the prior year, the firm posted $3.51 earnings per share. The firm'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. On average, equities analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. Expedia Group's payout ratio is 19.61%.

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.