Lazard Asset Management LLC cut its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 100.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,682 shares of the online travel company's stock after selling 8,554,873 shares during the period. Lazard Asset Management LLC's holdings in Expedia Group were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the business. Petredis Investment Advisors LLC lifted its stake in Expedia Group by 3.2% in the first quarter. Petredis Investment Advisors LLC now owns 1,305 shares of the online travel company's stock valued at $301,000 after buying an additional 40 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Expedia Group by 8.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 567 shares of the online travel company's stock worth $161,000 after buying an additional 43 shares during the period. Ballentine Partners LLC grew its position in shares of Expedia Group by 2.2% during the 4th quarter. Ballentine Partners LLC now owns 2,225 shares of the online travel company's stock worth $630,000 after buying an additional 47 shares during the period. Beacon Financial Advisory LLC increased its stake in shares of Expedia Group by 3.0% in the 1st quarter. Beacon Financial Advisory LLC now owns 1,628 shares of the online travel company's stock valued at $376,000 after acquiring an additional 48 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its stake in shares of Expedia Group by 0.7% in the 1st quarter. V Square Quantitative Management LLC now owns 7,389 shares of the online travel company's stock valued at $1,706,000 after acquiring an additional 49 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company's stock.
Expedia Group Stock Performance
Shares of EXPE stock opened at $310.68 on Friday. The firm has a market capitalization of $38.07 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 0.80 and a beta of 1.22. The firm has a fifty day simple moving average of $260.84 and a two-hundred day simple moving average of $244.48. The company has a current ratio of 0.80, a quick ratio of 0.73 and a debt-to-equity ratio of 2.21. Expedia Group, Inc. has a 12 month low of $185.34 and a 12 month high of $331.31.
Expedia Group (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, topping the consensus estimate of $5.22 by $0.54. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same quarter in the prior year, the company posted $4.24 earnings per share. The business's revenue was up 14.0% on a year-over-year basis. Analysts forecast that Expedia Group, Inc. will post 17.18 EPS for the current fiscal year.
Expedia Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, August 27th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 27th. Expedia Group's dividend payout ratio is currently 11.97%.
Trending Headlines about Expedia Group
Here are the key news stories impacting Expedia Group this week:
- Positive Sentiment: Q2 results exceeded expectations. Expedia reported adjusted earnings of $5.76 per share versus the $5.22 consensus estimate, while revenue increased 14% year over year to $4.32 billion, topping forecasts of $4.17 billion. Stronger brands, B2B momentum and cost discipline supported the performance. Expedia Group Q2 Earnings and Revenues Beat Estimates
- Positive Sentiment: Management raised its outlook. Expedia increased its annual revenue forecast and expects fiscal 2026 gross bookings of approximately $129.5 billion to $130.8 billion. It also raised its expected adjusted EBITDA margin expansion to 150–175 basis points, citing resilient domestic travel demand. Expedia raises annual forecast on resilient domestic travel demand
- Positive Sentiment: Analyst sentiment remains broadly favorable. B. Riley raised its price target to $390 and kept a Buy rating, BTIG lifted its target to $350 and maintained Buy, and Wedbush reaffirmed Outperform with a $334 target. RBC also increased its target to $330, although it retained a Sector Perform rating.
- Positive Sentiment: AI and B2B investments are viewed as additional growth engines. Expedia highlighted artificial-intelligence initiatives and the expansion of its B2B business as supports for longer-term growth following the strong quarter. Expedia Leans on AI and B2B Growth to Lift Outlook
- Neutral Sentiment: Wells Fargo raised its target modestly to $307 but maintained an Equal Weight rating, implying limited upside at recent trading levels. Cantor Fitzgerald also kept a Neutral rating after raising its target to $310.
- Neutral Sentiment: Expedia declared a quarterly dividend of $0.48 per share, with payment scheduled for September 17, offering a relatively small annualized yield of about 0.6%.
- Negative Sentiment: Some European markets remain soft, creating a regional demand risk despite stronger domestic travel and the upgraded companywide outlook.
Insider Activity
In related news, CAO Lance A. Soliday sold 940 shares of the company's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the sale, the chief accounting officer owned 14,083 shares in the company, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert J. Dzielak sold 4,702 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $233.00, for a total value of $1,095,566.00. Following the completion of the sale, the insider directly owned 105,448 shares of the company's stock, valued at $24,569,384. The trade was a 4.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.20% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Expedia Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Wells Fargo & Company lifted their price target on shares of Expedia Group from $303.00 to $307.00 and gave the company an "equal weight" rating in a research note on Friday. Robert W. Baird set a $335.00 price objective on shares of Expedia Group in a report on Thursday. Bank of America reissued a "buy" rating on shares of Expedia Group in a research report on Thursday. Finally, B. Riley Financial raised their target price on Expedia Group from $350.00 to $390.00 and gave the company a "buy" rating in a research note on Thursday. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $310.88.
Read Our Latest Research Report on Expedia Group
Expedia Group Profile
(
Free Report)
Expedia Group NASDAQ: EXPE is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company's platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.
Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.
See Also
Want to see what other hedge funds are holding EXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expedia Group, Inc. (NASDAQ:EXPE - Free Report).
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