Meyer Handelman Co. Boosts Stock Position in Expedia Group, Inc. $EXPE

Meyer Handelman Co. boosted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 39.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,555 shares of the online travel company's stock after purchasing an additional 13,537 shares during the quarter. Meyer Handelman Co.'s holdings in Expedia Group were worth $8,022,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of EXPE. Vanguard Group Inc. lifted its holdings in shares of Expedia Group by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 15,201,811 shares of the online travel company's stock valued at $2,555,424,000 after acquiring an additional 394,147 shares during the last quarter. Alkeon Capital Management LLC increased its stake in Expedia Group by 20.2% during the first quarter. Alkeon Capital Management LLC now owns 2,375,276 shares of the online travel company's stock worth $399,284,000 after acquiring an additional 398,804 shares during the last quarter. AQR Capital Management LLC raised its position in Expedia Group by 174.0% during the first quarter. AQR Capital Management LLC now owns 1,444,283 shares of the online travel company's stock valued at $235,592,000 after purchasing an additional 917,192 shares during the period. Nuveen LLC bought a new stake in shares of Expedia Group in the 1st quarter valued at approximately $227,174,000. Finally, Northern Trust Corp boosted its holdings in shares of Expedia Group by 4.4% in the 1st quarter. Northern Trust Corp now owns 1,331,482 shares of the online travel company's stock worth $223,822,000 after purchasing an additional 55,575 shares during the period. Institutional investors own 90.76% of the company's stock.

Analyst Upgrades and Downgrades

EXPE has been the subject of a number of analyst reports. Piper Sandler raised their price target on Expedia Group from $135.00 to $190.00 and gave the stock an "underweight" rating in a research report on Friday, August 8th. Citigroup raised their target price on shares of Expedia Group from $177.00 to $206.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Wall Street Zen upgraded shares of Expedia Group from a "hold" rating to a "buy" rating in a report on Monday, July 28th. Oppenheimer reissued an "outperform" rating on shares of Expedia Group in a research report on Friday, August 8th. Finally, DA Davidson boosted their target price on Expedia Group from $174.00 to $218.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $207.77.

Expedia Group Price Performance

NASDAQ EXPE opened at $215.19 on Friday. The company has a market cap of $26.62 billion, a PE ratio of 26.37, a P/E/G ratio of 1.14 and a beta of 1.57. The firm's 50 day moving average price is $205.35 and its 200-day moving average price is $178.93. 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 52-week low of $130.01 and a 52-week high of $229.00.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data 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. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The firm had revenue of $3.79 billion during the quarter, compared to analysts' expectations of $3.70 billion. During the same period in the prior year, the business posted $3.51 EPS. The firm's quarterly 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. Sell-side analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. Expedia Group's dividend payout ratio (DPR) is presently 19.61%.

Insider Transactions at Expedia Group

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

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.

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