Kovitz Investment Group Partners LLC Has $860,000 Position in Expedia Group, Inc. $EXPE

Key Points

• Kovitz Investment Group Partners LLC increased its stake in Expedia Group by 70.1%, acquiring an additional 2,109 shares, bringing their total holdings to 5,118 shares valued at approximately $860,000.
• Expedia Group reported earnings per share of $4.24 for the last quarter, surpassing analysts' estimates and showing a revenue increase of 6.4% year-over-year.
• Analysts have raised their price targets for Expedia Group, with some setting targets as high as $250.00, reflecting a generally optimistic view of the company's stock performance.

Kovitz Investment Group Partners LLC increased its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 70.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,118 shares of the online travel company's stock after purchasing an additional 2,109 shares during the period. Kovitz Investment Group Partners LLC's holdings in Expedia Group were worth $860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Cookson Peirce & Co. Inc. lifted its holdings in Expedia Group by 3,231.9% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 132,009 shares of the online travel company's stock worth $22,191,000 after purchasing an additional 128,047 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its holdings in Expedia Group by 4.6% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 37,808 shares of the online travel company's stock worth $6,356,000 after purchasing an additional 1,653 shares during the last quarter. Westpac Banking Corp lifted its holdings in Expedia Group by 1,466.8% during the 1st quarter. Westpac Banking Corp now owns 14,477 shares of the online travel company's stock worth $2,434,000 after purchasing an additional 13,553 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Expedia Group by 58.6% during the 1st quarter. HighTower Advisors LLC now owns 110,353 shares of the online travel company's stock worth $18,550,000 after purchasing an additional 40,757 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in Expedia Group by 11.6% in the 1st quarter. Public Sector Pension Investment Board now owns 16,855 shares of the online travel company's stock valued at $2,833,000 after acquiring an additional 1,747 shares in the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 3,306 shares of the company'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 completion of the transaction, the insider owned 77,075 shares of the company's stock, valued at $15,479,743. This represents a 4.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Craig A. Jacobson sold 3,000 shares of the company'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 transaction, the director directly owned 33,858 shares of the company's stock, valued at approximately $7,035,015.24. The trade was a 8.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,816 shares of company stock valued at $2,009,132. Corporate insiders own 9.13% of the company's stock.

Expedia Group Price Performance

Shares of Expedia Group stock traded up $9.46 during trading on Friday, reaching $214.81. 2,216,478 shares of the company's stock were exchanged, compared to its average volume of 2,102,833. 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, Inc. has a 1-year low of $126.46 and a 1-year high of $216.60. The company has a market cap of $26.58 billion, a P/E ratio of 26.32, a PEG ratio of 1.10 and a beta of 1.61. The firm's 50-day moving average price is $183.52 and its 200 day moving average price is $175.12.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $3.70 billion. During the same quarter in the previous year, the firm earned $3.51 EPS. 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. As a group, research analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be issued 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 0.7%. Expedia Group's payout ratio is 19.61%.

Analyst Ratings Changes

Several equities analysts have weighed in on EXPE shares. Sanford C. Bernstein set a $210.00 price objective on Expedia Group in a report on Monday, August 11th. Piper Sandler lifted their price objective on Expedia Group from $135.00 to $190.00 and gave the company an "underweight" rating in a report on Friday, August 8th. Royal Bank Of Canada lifted their price objective on Expedia Group from $180.00 to $200.00 and gave the company a "sector perform" rating in a report on Friday, August 8th. The Goldman Sachs Group dropped their price objective on Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Cowen reaffirmed a "hold" rating on shares of Expedia Group in a report on Friday, August 8th. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $205.63.

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.