NorthRock Partners LLC Takes Position in Expedia Group, Inc. $EXPE

Key Points

• NorthRock Partners LLC has initiated a position in Expedia Group, Inc. by purchasing 2,607 shares worth approximately $440,000 in the second quarter.
• Expedia's recent earnings report indicated $4.24 earnings per share, surpassing analysts' estimates and contributing to a quarterly revenue of $3.79 billion.
• The company also declared a quarterly dividend of $0.40, resulting in an annualized dividend yield of 0.7%.

NorthRock Partners LLC purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,607 shares of the online travel company's stock, valued at approximately $440,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Verdence Capital Advisors LLC boosted its stake in Expedia Group by 76.6% during the second quarter. Verdence Capital Advisors LLC now owns 7,710 shares of the online travel company's stock worth $1,300,000 after buying an additional 3,344 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Expedia Group by 45.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,653 shares of the online travel company's stock worth $616,000 after acquiring an additional 1,145 shares during the last quarter. MGO One Seven LLC boosted its position in shares of Expedia Group by 2.3% during the 2nd quarter. MGO One Seven LLC now owns 5,232 shares of the online travel company's stock worth $883,000 after purchasing an additional 119 shares during the period. Leith Wheeler Investment Counsel Ltd. increased its holdings in Expedia Group by 0.7% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 105,966 shares of the online travel company's stock valued at $17,874,000 after purchasing an additional 760 shares during the last quarter. Finally, CWM LLC raised its position in Expedia Group by 102.9% in the second quarter. CWM LLC now owns 49,508 shares of the online travel company's stock valued at $8,351,000 after purchasing an additional 25,108 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Price Performance

EXPE stock opened at $218.43 on Thursday. The business's 50-day moving average is $214.53 and its two-hundred day moving average is $183.66. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $27.02 billion, a P/E ratio of 26.77, a P/E/G ratio of 1.17 and a beta of 1.56. Expedia Group, Inc. has a 1 year low of $130.01 and a 1 year high of $240.98.

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 for the quarter, topping analysts' consensus estimates of $4.13 by $0.11. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $3.51 earnings per share. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

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

Analyst Ratings Changes

EXPE has been the subject of several research analyst reports. B. Riley raised their price target on Expedia Group from $222.00 to $260.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Bank of America increased their target price on Expedia Group from $211.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Expedia Group in a research report on Wednesday, October 8th. Piper Sandler boosted their price target on shares of Expedia Group from $135.00 to $190.00 and gave the stock an "underweight" rating in a research note on Friday, August 8th. Finally, Sanford C. Bernstein set a $210.00 price objective on shares of Expedia Group in a research note on Monday, August 11th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Expedia Group has an average rating of "Hold" and an average price target of $209.00.

Insider Transactions at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 852 shares of Expedia Group stock in a transaction dated Wednesday, August 20th. The stock was 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 of the company's stock, valued at $2,477,971.68. The trade was a 6.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Dzielak sold 2,658 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $205.57, for a total value of $546,405.06. Following the transaction, the insider directly owned 74,417 shares of the company's stock, valued at approximately $15,297,902.69. This represents a 3.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,816 shares of company stock valued at $2,009,132. Insiders own 9.13% of the company's stock.

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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