Expedia Group, Inc. $EXPE Shares Sold by Lyrical Asset Management LP

Key Points

• Lyrical Asset Management LP has reduced its stake in Expedia Group by 1.8%, selling 32,563 shares, and now holds approximately 1.34% of the company's stock.
• Expedia Group reported improved financial performance with an EPS of $4.24, exceeding analysts' expectations, and its revenue increased by 6.4% year-over-year to $3.79 billion.
• The company declared a quarterly dividend of $0.40 per share, with a payout ratio of 19.61%, reflecting a commitment to returning value to shareholders.

Lyrical Asset Management LP lessened its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,730,926 shares of the online travel company's stock after selling 32,563 shares during the quarter. Expedia Group comprises approximately 4.5% of Lyrical Asset Management LP's holdings, making the stock its 7th biggest holding. Lyrical Asset Management LP owned approximately 1.34% of Expedia Group worth $290,969,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Hunter Associates Investment Management LLC boosted its holdings in shares of Expedia Group by 10.2% in the 1st quarter. Hunter Associates Investment Management LLC now owns 29,950 shares of the online travel company's stock valued at $5,051,000 after purchasing an additional 2,776 shares during the last quarter. Praxis Investment Management Inc. boosted its holdings in shares of Expedia Group by 63.5% in the 1st quarter. Praxis Investment Management Inc. now owns 4,610 shares of the online travel company's stock valued at $775,000 after purchasing an additional 1,790 shares during the last quarter. Monument Capital Management acquired a new position in shares of Expedia Group in the 1st quarter valued at $2,261,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Expedia Group by 19.0% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,838 shares of the online travel company's stock valued at $2,662,000 after purchasing an additional 2,534 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Expedia Group by 3.2% in the 1st quarter. State of Alaska Department of Revenue now owns 14,451 shares of the online travel company's stock valued at $2,429,000 after purchasing an additional 445 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company's stock.

Insider Activity at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 2,658 shares of the firm's stock in a transaction that occurred 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 sale, the insider owned 74,417 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.13% of the company's stock.

Expedia Group Stock Up 0.4%

Shares of EXPE traded up $0.93 during midday trading on Tuesday, hitting $207.60. The company had a trading volume of 649,007 shares, compared to its average volume of 2,112,611. The company's 50 day moving average price is $180.54 and its 200 day moving average price is $174.07. The stock has a market cap of $25.68 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 1.03 and a beta of 1.61. Expedia Group, Inc. has a 52 week low of $126.46 and a 52 week high of $213.00. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14.

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 the consensus estimate of $4.13 by $0.11. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the previous year, the firm earned $3.51 EPS. The company'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. On average, equities research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be paid a $0.40 dividend. The ex-dividend date is Thursday, August 28th. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. Expedia Group's dividend payout ratio (DPR) is presently 19.61%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. BTIG Research set a $250.00 target price on shares of Expedia Group and gave the company a "buy" rating in a report on Friday, August 8th. Piper Sandler lifted their target price on shares of Expedia Group from $135.00 to $190.00 and gave the company an "underweight" rating in a report on Friday, August 8th. Oppenheimer restated an "outperform" rating on shares of Expedia Group in a report on Friday, August 8th. UBS Group lifted their target price on shares of Expedia Group from $182.00 to $209.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Finally, DA Davidson lifted their target price on shares of Expedia Group from $174.00 to $218.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Three equities 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $205.63.

Expedia Group Company 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.