Plato Investment Management Ltd Buys New Stake in Expedia Group, Inc. $EXPE

Key Points

• Plato Investment Management bought 10,071 Expedia Group shares during the second quarter, valued at approximately $2.56 million. Hedge funds and other institutional investors collectively own 90.76% of the company.
• Expedia reported quarterly EPS of $5.76, beating estimates of $5.22, while revenue reached $4.32 billion and increased 14% year over year.
• Analysts maintain a predominantly neutral outlook: Expedia has an average “Hold” rating and a consensus price target of $311.76, below the reported share price of $332.69.

Plato Investment Management Ltd purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,071 shares of the online travel company's stock, valued at approximately $2,562,000.

A number of other hedge funds have also modified their holdings of EXPE. Motiv8 Investments LLC purchased a new position in Expedia Group during the 4th quarter worth $25,000. Entrust Financial LLC acquired a new position in shares of Expedia Group in the fourth quarter valued at approximately $26,000. Sunbelt Securities Inc. lifted its stake in shares of Expedia Group by 970.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company's stock worth $39,000 after purchasing an additional 165 shares during the period. Elevation Wealth Partners LLC boosted its holdings in shares of Expedia Group by 272.9% during the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company's stock worth $46,000 after purchasing an additional 131 shares during the last quarter. Finally, DV Equities LLC acquired a new stake in shares of Expedia Group during the fourth quarter worth $46,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the business's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the transaction, the chief accounting officer owned 14,083 shares in the company, valued at $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert J. Dzielak sold 4,702 shares of the company's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $233.00, for a total value of $1,095,566.00. Following the completion of the sale, the insider directly owned 105,448 shares of the company's stock, valued at $24,569,384. The trade was a 4.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 8,645 shares of company stock worth $2,250,059 over the last three months. 5.20% of the stock is currently owned by corporate insiders.

Expedia Group Stock Performance

NASDAQ EXPE opened at $332.69 on Monday. The firm has a market capitalization of $39.93 billion, a P/E ratio of 20.74, a P/E/G ratio of 0.81 and a beta of 1.22. Expedia Group, Inc. has a 1-year low of $185.34 and a 1-year high of $333.24. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. The business's 50-day simple moving average is $270.55 and its 200-day simple moving average is $246.01.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.22 by $0.54. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The company's revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.24 EPS. Equities analysts predict that Expedia Group, Inc. will post 17.15 EPS for the current year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $1.92 annualized dividend and a yield of 0.6%. Expedia Group's dividend payout ratio (DPR) is 11.97%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Morgan Stanley upped their target price on Expedia Group from $290.00 to $300.00 and gave the company an "equal weight" rating in a research note on Thursday, July 30th. Barclays raised their price target on Expedia Group from $264.00 to $320.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 6th. Wells Fargo & Company lifted their price target on Expedia Group from $303.00 to $307.00 and gave the company an "equal weight" rating in a report on Friday, August 7th. Piper Sandler reissued a "neutral" rating and issued a $325.00 target price (up from $245.00) on shares of Expedia Group in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald boosted their target price on shares of Expedia Group from $255.00 to $310.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the stock. According to data from MarketBeat, Expedia Group currently has an average rating of "Hold" and a consensus target price of $311.76.

About Expedia Group

Expedia Group NASDAQ: EXPE is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company's platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.

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