Maverick Capital Ltd. Takes Position in Expedia Group, Inc. $EXPE

Key Points

• Maverick Capital Ltd. acquired 18,291 shares of Expedia Group, Inc. for approximately $3,075,000 in the first quarter, boosting institutional ownership to 90.76% of the company's stock.
• Expedia reported $4.24 EPS for the latest quarter, surpassing analysts' estimates, and set FY 2025 guidance for continued growth.
• The company declared a quarterly dividend of $0.40 per share, with a dividend yield of 0.7%, to be paid on September 18th.

Maverick Capital Ltd. purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 18,291 shares of the online travel company's stock, valued at approximately $3,075,000.

Other large investors have also recently made changes to their positions in the company. Minot DeBlois Advisors LLC bought a new stake in shares of Expedia Group in the 4th quarter worth about $27,000. McClarren Financial Advisors Inc. bought a new stake in shares of Expedia Group in the 1st quarter worth about $28,000. Atlas Capital Advisors Inc. bought a new stake in shares of Expedia Group in the 1st quarter worth about $28,000. Park Square Financial Group LLC bought a new stake in shares of Expedia Group in the 1st quarter worth about $34,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Expedia Group in the 1st quarter worth about $36,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Up 1.9%

Shares of NASDAQ:EXPE traded up $3.98 during trading hours on Thursday, hitting $216.52. The company's stock had a trading volume of 1,103,078 shares, compared to its average volume of 2,072,621. Expedia Group, Inc. has a 52 week low of $126.46 and a 52 week high of $217.00. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $26.79 billion, a price-to-earnings ratio of 26.53, a P/E/G ratio of 1.10 and a beta of 1.57. The firm's fifty day moving average price is $191.34 and its 200 day moving average price is $176.16.

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, beating 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 business had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the previous year, the business posted $3.51 EPS. The company's quarterly revenue was up 6.4% compared to the same quarter last year. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts expect 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. Investors 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 dividend yield of 0.7%. The ex-dividend date is Thursday, August 28th. Expedia Group's payout ratio is 19.61%.

Insider Buying and Selling

In related news, Director Craig A. Jacobson sold 3,000 shares of the business'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 completion of the transaction, the director owned 33,858 shares in the company, valued at $7,035,015.24. The trade was a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Lance A. Soliday sold 852 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $205.88, for a total transaction of $175,409.76. Following the transaction, the chief accounting officer owned 12,036 shares of the company's stock, valued at approximately $2,477,971.68. This trade represents a 6.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,816 shares of company stock worth $2,009,132 in the last 90 days. 9.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EXPE. Truist Financial reduced their target price on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a report on Tuesday, June 24th. Benchmark lifted their price target on shares of Expedia Group from $215.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Piper Sandler lifted their price target on shares of Expedia Group from $135.00 to $190.00 and gave the stock an "underweight" rating in a research note on Friday, August 8th. Bank of America lifted their price target on shares of Expedia Group from $211.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 price target on shares of Expedia Group in a research note on Wednesday, July 23rd. Three investment 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 given a Sell rating to the company's stock. According to MarketBeat, 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.