Expedia Group, Inc. $EXPE Shares Bought by Perpetual Ltd

Key Points

• Perpetual Ltd increased its stake in Expedia Group, Inc. by 63.4% in Q2, acquiring an additional 4,905 shares, bringing its total holdings to 12,637 shares valued at approximately $2.13 million.
• Expedia reported a quarterly earnings of $4.24 per share, exceeding analysts' expectations of $4.13, along with a 6.4% increase in revenue compared to the previous year.
• In recent insider activity, CAO Lance A. Soliday and Director Craig A. Jacobson sold a total of 9,816 shares of Expedia stock, valued at over $2 million, indicating a notable decrease in their ownership percentages.

Perpetual Ltd lifted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 63.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,637 shares of the online travel company's stock after purchasing an additional 4,905 shares during the quarter. Perpetual Ltd's holdings in Expedia Group were worth $2,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Expedia Group by 2.7% during the first quarter. Vanguard Group Inc. now owns 15,201,811 shares of the online travel company's stock worth $2,555,424,000 after buying an additional 394,147 shares in the last quarter. Alkeon Capital Management LLC boosted its position in shares of Expedia Group by 20.2% in the first quarter. Alkeon Capital Management LLC now owns 2,375,276 shares of the online travel company's stock worth $399,284,000 after acquiring an additional 398,804 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Expedia Group by 174.0% during the first quarter. AQR Capital Management LLC now owns 1,444,283 shares of the online travel company's stock valued at $235,592,000 after purchasing an additional 917,192 shares during the period. Nuveen LLC bought a new stake in shares of Expedia Group in the first quarter worth $227,174,000. Finally, Northern Trust Corp increased its stake in shares of Expedia Group by 4.4% in the first quarter. Northern Trust Corp now owns 1,331,482 shares of the online travel company's stock worth $223,822,000 after buying an additional 55,575 shares during the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Lance A. Soliday sold 852 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer owned 12,036 shares of the company's stock, valued at $2,477,971.68. This represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $546,405.06. Following the completion of the sale, the insider directly owned 74,417 shares of the company's stock, valued at $15,297,902.69. The trade was a 3.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,816 shares of company stock valued at $2,009,132 over the last 90 days. 9.13% of the stock is currently owned by company insiders.

Expedia Group Stock Performance

Shares of EXPE traded down $3.62 during midday trading on Tuesday, hitting $219.90. 673,417 shares of the stock traded hands, compared to its average volume of 2,034,882. Expedia Group, Inc. has a 1-year low of $130.01 and a 1-year high of $229.00. The firm has a market capitalization of $27.21 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 1.17 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. The business's 50 day moving average price is $203.05 and its two-hundred day moving average price is $178.09.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $4.13 by $0.11. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.70 billion. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The company's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.51 earnings per share. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

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

Wall Street Analysts Forecast Growth

EXPE has been the subject of a number of research analyst reports. UBS Group lifted their price target on shares of Expedia Group from $182.00 to $209.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. BTIG Research restated a "buy" rating and issued a $250.00 price target on shares of Expedia Group in a research note on Tuesday, September 9th. Royal Bank Of Canada lifted their price target on shares of Expedia Group from $180.00 to $200.00 and gave the stock a "sector perform" rating in a research note on Friday, August 8th. Susquehanna boosted their target price on shares of Expedia Group from $175.00 to $200.00 and gave the company a "neutral" rating in a research note on Monday, August 11th. Finally, B. Riley boosted 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. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $205.63.

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.