Kestra Investment Management LLC Has $1.02 Million Stake in Expedia Group, Inc. $EXPE

Key Points

• Kestra Investment Management LLC increased its stake in Expedia Group by 79.0%, acquiring an additional 2,690 shares, bringing its total ownership to 6,093 shares valued at $1,024,000.
• Expedia Group reported quarterly earnings of $4.24 per share, exceeding estimates by $0.11, and achieved a revenue growth of 6.4% year-over-year, totaling $3.79 billion.
• The company declared a quarterly dividend of $0.40 per share, with a dividend yield of 0.7% and a payout ratio of 19.61%.

Kestra Investment Management LLC grew its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 79.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,093 shares of the online travel company's stock after purchasing an additional 2,690 shares during the period. Kestra Investment Management LLC's holdings in Expedia Group were worth $1,024,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of EXPE. Altman Advisors Inc. grew its holdings in Expedia Group by 0.5% during the 1st quarter. Altman Advisors Inc. now owns 13,338 shares of the online travel company's stock valued at $2,093,000 after buying an additional 65 shares during the last quarter. UMB Bank n.a. raised its position in shares of Expedia Group by 14.1% in the 1st quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock worth $94,000 after buying an additional 69 shares during the period. Horizon Investments LLC increased its holdings in Expedia Group by 4.4% in the 1st quarter. Horizon Investments LLC now owns 1,780 shares of the online travel company's stock valued at $299,000 after purchasing an additional 75 shares in the last quarter. Ascent Group LLC raised its position in Expedia Group by 3.2% in the fourth quarter. Ascent Group LLC now owns 2,430 shares of the online travel company's stock valued at $453,000 after purchasing an additional 76 shares during the period. Finally, SVB Wealth LLC raised its position in Expedia Group by 3.6% in the first quarter. SVB Wealth LLC now owns 2,408 shares of the online travel company's stock valued at $405,000 after purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 90.76% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. UBS Group raised their target price on Expedia Group from $182.00 to $209.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. BTIG Research reissued a "buy" rating and issued a $250.00 target price on shares of Expedia Group in a report on Tuesday. Barclays raised their target price on shares of Expedia Group from $190.00 to $197.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Wells Fargo & Company reaffirmed a "positive" rating on shares of Expedia Group in a report on Friday, August 8th. Finally, Truist Financial cut their price target on Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a report on Tuesday, June 24th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Expedia Group has a consensus rating of "Hold" and a consensus price target of $205.63.

Insiders Place Their Bets

In other news, Director Craig A. Jacobson sold 3,000 shares of the company's stock in a transaction that occurred on 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 approximately $7,035,015.24. This represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lance A. Soliday sold 852 shares of the stock in a transaction that occurred 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 in the company, valued at $2,477,971.68. This represents a 6.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,816 shares of company stock valued at $2,009,132. 9.13% of the stock is currently owned by insiders.

Expedia Group Stock Up 0.4%

Shares of EXPE stock traded up $0.83 on Friday, hitting $222.19. The company's stock had a trading volume of 970,088 shares, compared to its average volume of 1,311,234. 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, Inc. has a fifty-two week low of $130.01 and a fifty-two week high of $223.22. The firm's fifty day moving average price is $197.76 and its 200-day moving average price is $176.76. The stock has a market capitalization of $27.49 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 1.16 and a beta of 1.57.

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. The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.70 billion. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The business's revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.51 EPS. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 28th. Expedia Group's dividend payout ratio is currently 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.