Mubadala Investment Co PJSC Buys Shares of 21,243 Expedia Group, Inc. $EXPE

Key Points

• Mubadala Investment Co PJSC acquired 21,243 shares of Expedia Group, Inc. for approximately $3.57 million, making it the 27th largest holding in their portfolio.
• Insiders at Expedia Group sold a total of 9,816 shares worth $2,009,132 in recent months, indicating a decline in ownership among company executives.
• The company recently reported earnings of $4.24 per share, exceeding analysts' expectations, with quarterly revenue increasing by 6.4% compared to the same period last year.

Mubadala Investment Co PJSC bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 21,243 shares of the online travel company's stock, valued at approximately $3,571,000. Expedia Group comprises 0.0% of Mubadala Investment Co PJSC's investment portfolio, making the stock its 27th biggest position.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake 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 buying an additional 394,147 shares during the period. Alkeon Capital Management LLC grew its stake in shares of Expedia Group by 25.4% in the 4th quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after buying an additional 400,000 shares during the period. Nuveen LLC purchased a new position in shares of Expedia Group during the 1st quarter worth $227,174,000. Northern Trust Corp grew its holdings in shares of Expedia Group by 4.4% during 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. Finally, Dimensional Fund Advisors LP raised its holdings in Expedia Group by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,194,328 shares of the online travel company's stock valued at $200,766,000 after buying an additional 17,659 shares during the period. Hedge funds and other institutional investors own 90.76% of the company's stock.

Insider Buying and Selling

In other news, insider Robert J. Dzielak sold 2,658 shares of Expedia Group stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $205.57, for a total transaction of $546,405.06. Following the completion of the transaction, the insider owned 74,417 shares of the company's stock, valued at $15,297,902.69. The trade was a 3.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Lance A. Soliday sold 852 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total transaction 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. The trade was a 6.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,816 shares of company stock valued at $2,009,132. Corporate insiders own 9.13% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. B. Riley increased their target price on shares of Expedia Group from $222.00 to $260.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Barclays upped their price objective on shares of Expedia Group from $190.00 to $197.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Cowen reiterated a "hold" rating on shares of Expedia Group in a report on Friday, August 8th. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 target price on shares of Expedia Group in a research report on Wednesday, July 23rd. Finally, Citigroup raised their price target on Expedia Group from $177.00 to $206.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Three 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $205.63.

Expedia Group Stock Down 1.2%

NASDAQ:EXPE traded down $2.68 during midday trading on Tuesday, hitting $212.12. 1,120,642 shares of the company were exchanged, compared to its average volume of 2,055,849. The company has a market capitalization of $26.24 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 1.10 and a beta of 1.57. The company has a fifty day simple moving average of $189.55 and a 200 day simple moving average of $175.65. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. Expedia Group, Inc. has a fifty-two week low of $126.46 and a fifty-two week high of $216.60.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share for the quarter, beating the consensus estimate of $4.13 by $0.11. The business had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.70 billion. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.51 earnings per share. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, August 28th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. Expedia Group's payout ratio is currently 19.61%.

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.