Expedia Group, Inc. $EXPE Shares Acquired by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management Inc. increased its stake in Expedia Group, acquiring 31,984 shares and now owning approximately 0.22% of the company, valued at $47.1 million.
• Multiple hedge funds have also raised their stakes in Expedia, with notable increases from Korea Investment CORP (55.1%) and Praxis Investment Management Inc. (63.5%).
• Recent analysts' reports suggest a positive outlook for Expedia, with price targets being raised by firms like B. Riley to $260, while the consensus rating remains a "Hold".

Panagora Asset Management Inc. boosted its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 12.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 280,347 shares of the online travel company's stock after purchasing an additional 31,984 shares during the period. Panagora Asset Management Inc. owned about 0.22% of Expedia Group worth $47,126,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Hunter Associates Investment Management LLC lifted its position in Expedia Group by 10.2% in the first quarter. Hunter Associates Investment Management LLC now owns 29,950 shares of the online travel company's stock valued at $5,051,000 after purchasing an additional 2,776 shares during the period. Praxis Investment Management Inc. increased its holdings in Expedia Group by 63.5% in the first quarter. Praxis Investment Management Inc. now owns 4,610 shares of the online travel company's stock valued at $775,000 after buying an additional 1,790 shares in the last quarter. Korea Investment CORP increased its holdings in Expedia Group by 55.1% in the first quarter. Korea Investment CORP now owns 177,934 shares of the online travel company's stock valued at $29,911,000 after buying an additional 63,244 shares in the last quarter. Monument Capital Management purchased a new position in Expedia Group in the first quarter valued at about $2,261,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Expedia Group by 19.0% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,838 shares of the online travel company's stock valued at $2,662,000 after buying an additional 2,534 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE traded up $0.42 during trading hours on Wednesday, hitting $212.54. The stock had a trading volume of 1,162,450 shares, compared to its average volume of 2,078,247. The stock's fifty day simple moving average is $190.41 and its 200 day simple moving average is $175.90. Expedia Group, Inc. has a 1-year low of $126.46 and a 1-year high of $216.60. The firm has a market capitalization of $26.30 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 1.10 and a beta of 1.57. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, beating the consensus estimate 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 quarter last year, the business earned $3.51 earnings per share. Expedia Group's 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. Sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be paid a $0.40 dividend. The ex-dividend date is Thursday, August 28th. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. Expedia Group's dividend payout ratio (DPR) is presently 19.61%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EXPE. Susquehanna raised their price objective on shares of Expedia Group from $175.00 to $200.00 and gave the stock a "neutral" rating in a research note on Monday, August 11th. Truist Financial reduced their target price on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a report on Tuesday, June 24th. Piper Sandler lifted 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. Morgan Stanley lifted 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 note on Monday, July 21st. Finally, Barclays upped their target price on shares of Expedia Group from $190.00 to $197.00 and gave the company an "equal weight" rating in a research note 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 issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $205.63.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 2,658 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $205.57, for a total value of $546,405.06. Following the completion of the transaction, the insider directly owned 74,417 shares in the company, valued at $15,297,902.69. This trade represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lance A. Soliday sold 852 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer owned 12,036 shares of the company's stock, valued at $2,477,971.68. This trade represents 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 worth $2,009,132. 9.13% of the stock is owned by company insiders.

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.