IFM Investors Pty Ltd Decreases Position in Expedia Group, Inc. $EXPE

Key Points

• IFM Investors Pty Ltd reduced its stake in Expedia Group, Inc. by 8.7%, now owning 22,114 shares valued at $3.73 million.
• Expedia Group reported a strong earnings beat with $4.24 per share, surpassing analyst estimates and showing a revenue increase of 6.4% compared to the previous year.
• The company announced a quarterly dividend of $0.40 per share, representing a 0.7% yield, with a payout ratio of 19.61%.

IFM Investors Pty Ltd trimmed its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 8.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,114 shares of the online travel company's stock after selling 2,120 shares during the quarter. IFM Investors Pty Ltd's holdings in Expedia Group were worth $3,730,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Expedia Group by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 15,201,811 shares of the online travel company's stock worth $2,555,424,000 after buying an additional 394,147 shares during the last quarter. Alkeon Capital Management LLC increased its holdings in shares of Expedia Group by 20.2% in the 1st quarter. Alkeon Capital Management LLC now owns 2,375,276 shares of the online travel company's stock valued at $399,284,000 after purchasing an additional 398,804 shares during the period. AQR Capital Management LLC increased its stake in shares of Expedia Group by 174.0% in the first quarter. AQR Capital Management LLC now owns 1,444,283 shares of the online travel company's stock worth $235,592,000 after acquiring an additional 917,192 shares during the last quarter. Nuveen LLC acquired a new position in Expedia Group in the 1st quarter worth about $227,174,000. Finally, Northern Trust Corp lifted its stake in Expedia Group by 4.4% in the first quarter. Northern Trust Corp now owns 1,331,482 shares of the online travel company's stock valued at $223,822,000 after acquiring an additional 55,575 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company's stock.

Analysts Set New Price Targets

EXPE has been the topic of several research analyst reports. B. Riley raised their price target on Expedia Group from $222.00 to $260.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Wall Street Zen raised shares of Expedia Group from a "hold" rating to a "buy" rating in a report on Monday, July 28th. Morgan Stanley raised their price objective on shares of Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Royal Bank Of Canada increased their price target on shares of Expedia Group from $180.00 to $200.00 and gave the stock a "sector perform" rating in a research report on Friday, August 8th. Finally, Piper Sandler increased their target price on Expedia Group from $135.00 to $190.00 and gave the stock an "underweight" rating in a report on Friday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $205.63.

Expedia Group Stock Up 0.5%

Shares of Expedia Group stock traded up $1.08 during trading on Monday, reaching $223.51. The stock had a trading volume of 1,825,852 shares, compared to its average volume of 1,418,010. Expedia Group, Inc. has a 52 week low of $130.01 and a 52 week high of $229.00. The company has a market capitalization of $27.65 billion, a price-to-earnings ratio of 27.39, a P/E/G ratio of 1.17 and a beta of 1.57. The stock has a fifty day moving average price of $202.25 and a two-hundred day moving average price of $177.82. The company has a current ratio of 0.75, a quick 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 EPS 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 company had revenue of $3.79 billion for the quarter, compared to analysts' expectations of $3.70 billion. During the same quarter last year, the business earned $3.51 earnings per share. Expedia Group's 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. Sell-side analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, August 28th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $1.60 annualized dividend and a yield of 0.7%. Expedia Group's dividend payout ratio (DPR) is currently 19.61%.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 2,658 shares of the company's stock in a transaction 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 legal filing with the SEC, which is available through this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of the firm's stock in a transaction dated 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 directly 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. Over the last ninety days, insiders sold 9,816 shares of company stock worth $2,009,132. 9.13% of the stock is currently owned by company insiders.

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.