2,362 Shares in Expedia Group, Inc. $EXPE Bought by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management LLC has acquired a new stake in Expedia Group, purchasing 2,362 shares valued at approximately $417,000 during the 2nd quarter.
• Expedia Group reported quarterly earnings of $4.24 per share, surpassing analysts' expectations of $4.13, with a revenue of $3.79 billion, marking a 6.4% increase year-over-year.
• The company recently announced a quarterly dividend of $0.40 per share, providing an annualized dividend yield of 0.7%, with a payout ratio of 19.61%.

NorthCrest Asset Manangement LLC bought a new position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,362 shares of the online travel company's stock, valued at approximately $417,000.

Other institutional investors and hedge funds have also modified their holdings of the company. McClarren Financial Advisors Inc. bought a new position in Expedia Group in the 1st quarter worth approximately $28,000. Atlas Capital Advisors Inc. bought a new position in Expedia Group in the 1st quarter worth approximately $28,000. Park Square Financial Group LLC bought a new position in Expedia Group in the 1st quarter worth approximately $34,000. Zions Bancorporation National Association UT bought a new position in Expedia Group in the 1st quarter worth approximately $36,000. Finally, Flaharty Asset Management LLC bought a new position in Expedia Group in the 1st quarter worth approximately $46,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EXPE. B. Riley boosted their price objective on shares of Expedia Group from $222.00 to $260.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Susquehanna boosted their price objective on shares of Expedia Group from $175.00 to $200.00 and gave the stock a "neutral" rating in a research report on Monday, August 11th. Royal Bank Of Canada upped their target price on shares of Expedia Group from $180.00 to $200.00 and gave the company a "sector perform" rating in a research report on Friday, August 8th. DA Davidson upped their target price on shares of Expedia Group from $174.00 to $218.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Finally, Citigroup upped their target price on shares of Expedia Group from $177.00 to $206.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Expedia Group presently has an average rating of "Hold" and an average price target of $205.63.

Expedia Group Trading Down 1.4%

Shares of EXPE traded down $3.18 during trading hours on Tuesday, reaching $220.34. The stock had a trading volume of 610,413 shares, compared to its average volume of 2,034,491. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. Expedia Group, Inc. has a 52 week low of $130.01 and a 52 week high of $229.00. The firm has a 50-day moving average of $203.05 and a 200 day moving average of $178.09. The company has a market cap of $27.26 billion, a P/E ratio of 27.01, a P/E/G ratio of 1.17 and a beta of 1.57.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released 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 business had revenue of $3.79 billion during the quarter, compared to analysts' expectations of $3.70 billion. During the same quarter in the prior year, the company earned $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. On average, sell-side analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, August 28th were given a $0.40 dividend. The ex-dividend date 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 is currently 19.61%.

Insider Activity at Expedia Group

In related news, Director Craig A. Jacobson sold 3,000 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $207.78, for a total value of $623,340.00. Following the completion of the sale, the director owned 33,858 shares in the company, valued at $7,035,015.24. This represents a 8.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the sale, the chief accounting officer owned 12,036 shares of the company's stock, valued at approximately $2,477,971.68. This 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 quarter. Corporate insiders own 9.13% of the company's stock.

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.