New Century Financial Group LLC Acquires Shares of 6,799 Expedia Group, Inc. $EXPE

Key Points

• New Century Financial Group LLC acquired 6,799 shares of Expedia Group, Inc. valued at approximately $1,147,000, making it 1.3% of their holdings and the 27th largest position in their portfolio.
• Multiple institutional investors, including Brighton Jones LLC and Wellington Management Group LLP, have significantly increased their stakes in Expedia Group recently.
• Expedia Group's stock currently has a consensus rating of "Hold" with an average target price of $208.96, following multiple target price revisions by various analysts.

New Century Financial Group LLC acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,799 shares of the online travel company's stock, valued at approximately $1,147,000. Expedia Group makes up 1.3% of New Century Financial Group LLC's holdings, making the stock its 27th biggest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC purchased a new position in Expedia Group during the fourth quarter valued at $408,000. Wellington Management Group LLP raised its position in shares of Expedia Group by 34.4% during the 4th quarter. Wellington Management Group LLP now owns 14,055 shares of the online travel company's stock worth $2,619,000 after purchasing an additional 3,595 shares during the last quarter. Merit Financial Group LLC raised its position in shares of Expedia Group by 187.1% during the 1st quarter. Merit Financial Group LLC now owns 7,454 shares of the online travel company's stock worth $1,253,000 after purchasing an additional 4,858 shares during the last quarter. Retireful LLC purchased a new position in Expedia Group in the 1st quarter valued at about $1,149,000. Finally, Curat Global LLC acquired a new stake in Expedia Group in the 1st quarter worth about $67,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Insider Buying and Selling at Expedia Group

In other news, 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 value 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. The trade was a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert J. Dzielak sold 3,306 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $200.84, for a total value of $663,977.04. Following the sale, the insider directly owned 77,075 shares of the company's stock, valued at approximately $15,479,743. This represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,816 shares of company stock worth $2,009,132. 9.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EXPE has been the subject of a number of research analyst reports. Piper Sandler increased their target price on Expedia Group from $135.00 to $190.00 and gave the company an "underweight" rating in a report on Friday, August 8th. Wells Fargo & Company reissued a "positive" rating on shares of Expedia Group in a research note on Friday, August 8th. Mizuho assumed coverage on Expedia Group in a report on Tuesday. They issued a "neutral" rating and a $240.00 price objective on the stock. Barclays upped their target price 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. Finally, Wedbush increased their target price on shares of Expedia Group from $175.00 to $220.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $208.96.

Expedia Group Stock Down 0.1%

EXPE stock opened at $217.69 on Friday. The company has a market cap of $26.93 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 1.14 and a beta of 1.56. The company has a fifty day moving average price of $208.36 and a 200 day moving average price of $180.87. 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 12 month low of $130.01 and a 12 month high of $229.00.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 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 analyst estimates of $3.70 billion. During the same period in the previous year, the business posted $3.51 earnings per share. Expedia Group'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 expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

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

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.

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