Janney Montgomery Scott LLC Trims Stock Position in Expedia Group, Inc. $EXPE

Key Points

• Janney Montgomery Scott LLC has reduced its stake in Expedia Group, Inc. by 26.5% in the second quarter, holding 16,022 shares valued at approximately $2.7 million.
• Expedia reported earnings of $4.24 per share for the last quarter, surpassing analysts' expectations, alongside a revenue of $3.79 billion, a 6.4% year-over-year increase.
• The company declared a quarterly dividend of $0.40 per share, reflecting an annualized dividend yield of 0.7%.

Janney Montgomery Scott LLC lowered its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 26.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,022 shares of the online travel company's stock after selling 5,789 shares during the quarter. Janney Montgomery Scott LLC's holdings in Expedia Group were worth $2,703,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Nuveen LLC purchased a new stake in Expedia Group in the 1st quarter worth approximately $227,174,000. Los Angeles Capital Management LLC increased its holdings in Expedia Group by 3,369.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company's stock worth $172,995,000 after acquiring an additional 999,454 shares in the last quarter. AQR Capital Management LLC increased its holdings in Expedia Group by 174.0% in the 1st 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 in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Expedia Group in the 1st quarter worth approximately $82,975,000. Finally, Alkeon Capital Management LLC boosted its stake in 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 worth $399,284,000 after purchasing an additional 398,804 shares during the period. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Price Performance

Shares of EXPE stock opened at $216.81 on Friday. Expedia Group, Inc. has a 1-year low of $130.01 and a 1-year high of $240.98. The stock's 50-day moving average is $211.78 and its 200 day moving average is $182.42. The company has a market cap of $26.82 billion, a P/E ratio of 26.57, a PEG ratio of 1.11 and a beta of 1.56. 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 data on Thursday, August 7th. The online travel company reported $4.24 earnings per share for the quarter, beating analysts' consensus estimates of $4.13 by $0.11. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.70 billion. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.51 earnings per share. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on EXPE. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 price target on shares of Expedia Group in a research note on Wednesday, July 23rd. Citigroup upped their price target on Expedia Group from $177.00 to $206.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Bank of America increased their target price on Expedia Group from $211.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, August 8th. DA Davidson increased their target price on Expedia Group from $174.00 to $218.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Finally, Sanford C. Bernstein set a $210.00 target price on Expedia Group in a research report on Monday, August 11th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $209.00.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 2,658 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was 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 of the company's stock, valued at approximately $15,297,902.69. This trade represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $207.78, for a total value of $623,340.00. Following the completion of the sale, the director directly owned 33,858 shares of the company's stock, valued at approximately $7,035,015.24. This represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,816 shares of company stock valued at $2,009,132. 9.13% of the stock is currently owned by corporate 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.

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