PDT Partners LLC Has $5.57 Million Holdings in Expedia Group, Inc. $EXPE

Key Points

• PDT Partners LLC increased its stake in Expedia Group, Inc. by 26.1%, owning 33,140 shares worth approximately $5.57 million.
• Institutional investors now own 90.76% of Expedia's stock, reflecting significant interest from hedge funds including Vanguard Group and Los Angeles Capital Management.
• Expedia reported a quarterly earnings per share of $4.24, beating expectations, with revenue of $3.79 billion, a 6.4% increase year-over-year.

PDT Partners LLC raised its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 26.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,140 shares of the online travel company's stock after buying an additional 6,853 shares during the quarter. PDT Partners LLC's holdings in Expedia Group were worth $5,571,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC bought a new stake in Expedia Group in the fourth quarter worth approximately $27,000. McClarren Financial Advisors Inc. bought a new stake in Expedia Group in the first quarter worth approximately $28,000. Atlas Capital Advisors Inc. bought a new stake in Expedia Group in the first quarter worth approximately $28,000. Park Square Financial Group LLC bought a new stake in Expedia Group in the first quarter worth approximately $34,000. Finally, Zions Bancorporation National Association UT bought a new stake in Expedia Group in the first quarter worth approximately $36,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on EXPE shares. The Goldman Sachs Group decreased their target price on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a research report on Friday, May 9th. B. Riley raised their target price on shares of Expedia Group from $222.00 to $260.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Truist Financial decreased their price target on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a research report on Tuesday, June 24th. Cowen reaffirmed a "hold" rating on shares of Expedia Group in a report on Friday, August 8th. Finally, Sanford C. Bernstein set a $210.00 price target on shares of Expedia Group in a report on Monday, August 11th. Three investment 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Expedia Group presently has an average rating of "Hold" and an average target price of $205.63.

Insider Activity at Expedia Group

In other news, CAO Lance A. Soliday sold 852 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total value of $175,409.76. Following the completion of the transaction, the chief accounting officer owned 12,036 shares in the company, valued at $2,477,971.68. This represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $207.78, for a total transaction of $623,340.00. Following the completion of the transaction, the director owned 33,858 shares of the company's stock, valued at $7,035,015.24. This trade represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,816 shares of company stock worth $2,009,132. 9.13% of the stock is currently owned by company insiders.

Expedia Group Trading Up 1.9%

Shares of NASDAQ:EXPE traded up $3.98 during trading on Thursday, hitting $216.52. 1,103,078 shares of the company's stock were exchanged, compared to its average volume of 2,072,621. Expedia Group, Inc. has a 1-year low of $126.46 and a 1-year high of $217.00. The firm has a 50-day moving average price of $191.34 and a two-hundred day moving average price of $176.16. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The firm has a market cap of $26.79 billion, a P/E ratio of 26.53, a PEG ratio of 1.10 and a beta of 1.57.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $3.70 billion. During the same quarter in the previous year, the company earned $3.51 EPS. Expedia Group's 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. Equities analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The company 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 is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. Expedia Group's payout ratio is currently 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.