Ieq Capital LLC Grows Holdings in Expedia Group, Inc. $EXPE

Key Points

• Ieq Capital LLC has significantly increased its stake in Expedia Group, Inc. by 78.7% during the first quarter, bringing its total holdings to approximately $9.19 million.
• Expedia Group recently reported $4.24 earnings per share for the quarter, surpassing consensus estimates and showing a 6.4% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.40 per share, with an annualized yield of 0.8%, and a low payout ratio of 19.61%.

Ieq Capital LLC raised its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 78.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,665 shares of the online travel company's stock after acquiring an additional 24,081 shares during the quarter. Ieq Capital LLC's holdings in Expedia Group were worth $9,189,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Hunter Associates Investment Management LLC increased its holdings in shares of Expedia Group by 10.2% during the first quarter. Hunter Associates Investment Management LLC now owns 29,950 shares of the online travel company's stock worth $5,051,000 after purchasing an additional 2,776 shares during the period. Praxis Investment Management Inc. increased its holdings in shares of Expedia Group by 63.5% during the first quarter. Praxis Investment Management Inc. now owns 4,610 shares of the online travel company's stock worth $775,000 after purchasing an additional 1,790 shares during the period. Korea Investment CORP increased its holdings in shares of Expedia Group by 55.1% during the first quarter. Korea Investment CORP now owns 177,934 shares of the online travel company's stock worth $29,911,000 after purchasing an additional 63,244 shares during the period. Monument Capital Management bought a new position in shares of Expedia Group during the first quarter worth approximately $2,261,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Expedia Group by 19.0% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,838 shares of the online travel company's stock worth $2,662,000 after purchasing an additional 2,534 shares during the period. 90.76% of the stock is owned by institutional investors.

Expedia Group Trading Up 0.0%

Shares of NASDAQ:EXPE traded up $0.09 during mid-day trading on Monday, reaching $214.80. 1,255,319 shares of the company's stock were exchanged, compared to its average volume of 2,130,679. Expedia Group, Inc. has a twelve month low of $126.46 and a twelve month high of $216.60. The business's fifty day moving average price is $188.57 and its 200-day moving average price is $175.56. The firm has a market capitalization of $26.58 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.10 and a beta of 1.57. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced 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 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 the consensus estimate of $3.70 billion. During the same quarter last year, the firm earned $3.51 earnings per share. Expedia Group'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. On average, research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, August 28th will be paid a dividend of $0.40 per share. 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 (DPR) is currently 19.61%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Oppenheimer reaffirmed an "outperform" rating on shares of Expedia Group in a report on Friday, August 8th. Wells Fargo & Company reiterated a "positive" rating on shares of Expedia Group in a research report on Friday, August 8th. Bank of America raised their target price on shares of Expedia Group from $211.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, August 8th. UBS Group raised their target price on shares of Expedia Group from $182.00 to $209.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Finally, Truist Financial cut their target price on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a research report on Tuesday, June 24th. Three research 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Expedia Group has a consensus rating of "Hold" and a consensus price target of $205.63.

Insider Buying and Selling

In related news, CAO Lance A. Soliday sold 852 shares of Expedia Group stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total transaction of $175,409.76. Following the completion of the transaction, the chief accounting officer owned 12,036 shares of the company's stock, valued at $2,477,971.68. This trade represents a 6.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Dzielak sold 3,306 shares of Expedia Group stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $200.84, for a total transaction of $663,977.04. Following the completion of the sale, the insider directly owned 77,075 shares of the company's stock, valued at approximately $15,479,743. This trade represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,816 shares of company stock valued at $2,009,132 over the last quarter. 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.