MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 6,744 Shares of Expedia Group, Inc. $EXPE

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Expedia Group, Inc. by 13.8%, now owning 55,691 shares worth approximately $9.36 million.
• Expedia Group reported earnings per share of $4.24 for the last quarter, surpassing the expected $4.13, and achieved revenue of $3.79 billion, exceeding the $3.70 billion forecast.
• The company announced a quarterly dividend of $0.40, with a dividend yield of 0.7%, set to be paid on September 18th to shareholders of record as of August 28th.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 13.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,691 shares of the online travel company's stock after acquiring an additional 6,744 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Expedia Group were worth $9,362,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EXPE. Minot DeBlois Advisors LLC bought a new stake in Expedia Group during the 4th quarter worth approximately $27,000. McClarren Financial Advisors Inc. bought a new stake in Expedia Group during the 1st quarter worth approximately $28,000. Atlas Capital Advisors Inc. bought a new stake in Expedia Group during the 1st quarter worth approximately $28,000. Park Square Financial Group LLC bought a new stake in Expedia Group during the 1st quarter worth approximately $34,000. Finally, Zions Bancorporation National Association UT bought a new stake in Expedia Group during the 1st quarter worth approximately $36,000. 90.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. DA Davidson boosted their price target on shares of Expedia Group from $174.00 to $218.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Truist Financial dropped their price target on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a research report on Tuesday, June 24th. Oppenheimer restated an "outperform" rating on shares of Expedia Group in a research report on Friday, August 8th. Finally, Barclays boosted their price target on shares of Expedia Group from $190.00 to $197.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Three 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $205.63.

Expedia Group Stock Up 0.4%

Shares of Expedia Group stock traded up $0.83 during trading on Friday, reaching $222.19. 970,088 shares of the company traded hands, compared to its average volume of 1,311,234. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. Expedia Group, Inc. has a 1-year low of $130.01 and a 1-year high of $223.22. The company has a 50 day moving average price of $197.76 and a 200-day moving average price of $176.76. The firm has a market capitalization of $27.49 billion, a PE ratio of 27.23, a P/E/G ratio of 1.16 and a beta of 1.57.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the previous year, the company earned $3.51 EPS. Expedia Group'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, equities research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, August 28th. This represents a $1.60 annualized dividend and a yield of 0.7%. Expedia Group's dividend payout ratio is presently 19.61%.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 852 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were 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 in the company, valued at approximately $2,477,971.68. This represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $207.78, for a total transaction of $623,340.00. Following the transaction, the director owned 33,858 shares in the company, 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. Over the last 90 days, insiders have sold 9,816 shares of company stock worth $2,009,132. Insiders own 9.13% of the company's stock.

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.