Praxis Investment Management Inc. Decreases Stock Holdings in Expedia Group, Inc. $EXPE

Key Points

• Praxis Investment Management Inc. reduced its holdings in Expedia Group, Inc. by 57.3%, now owning only 1,970 shares worth approximately $332,000.
• Expedia's latest earnings report exceeded expectations with $4.24 EPS, leading to a revenue of $3.79 billion, up 6.4% year-over-year.
• Several analysts have recently raised their price targets for Expedia, with B. Riley setting a new goal of $260.00 and a consensus rating of "Hold" on the stock.

Praxis Investment Management Inc. decreased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 57.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,970 shares of the online travel company's stock after selling 2,640 shares during the period. Praxis Investment Management Inc.'s holdings in Expedia Group were worth $332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EXPE. Brighton Jones LLC purchased a new position in shares of Expedia Group during the 4th quarter valued at approximately $408,000. GAMMA Investing LLC lifted its holdings in Expedia Group by 8.5% in the 1st quarter. GAMMA Investing LLC now owns 2,102 shares of the online travel company's stock valued at $353,000 after purchasing an additional 165 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Expedia Group by 18.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 31,604 shares of the online travel company's stock valued at $5,313,000 after purchasing an additional 4,987 shares in the last quarter. Sowell Financial Services LLC purchased a new position in Expedia Group in the 1st quarter valued at $433,000. Finally, QRG Capital Management Inc. lifted its holdings in Expedia Group by 25.5% in the 1st quarter. QRG Capital Management Inc. now owns 2,367 shares of the online travel company's stock valued at $398,000 after purchasing an additional 481 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Stock Up 0.6%

Shares of EXPE opened at $214.76 on Friday. Expedia Group, Inc. has a 52-week low of $130.01 and a 52-week high of $240.98. The company has a market capitalization of $26.57 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 1.12 and a beta of 1.56. The stock has a fifty day simple moving average of $215.44 and a two-hundred day simple moving average of $184.42. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.13 by $0.11. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period last year, the company earned $3.51 EPS. The company's revenue for the quarter 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. As a group, equities analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

EXPE has been the topic of a number of research reports. B. Riley raised their price objective on Expedia Group from $222.00 to $260.00 and gave the company a "buy" rating in a report on Friday, August 8th. Wells Fargo & Company raised their price objective on Expedia Group from $211.00 to $212.00 and gave the company an "equal weight" rating in a report on Monday, October 6th. Benchmark raised their price objective on Expedia Group from $215.00 to $265.00 and gave the company a "buy" rating in a report on Friday, August 8th. Jefferies Financial Group raised their price objective on Expedia Group from $210.00 to $220.00 and gave the company a "hold" rating in a report on Friday. Finally, BTIG Research restated a "buy" rating and issued a $250.00 price objective on shares of Expedia Group in a report on Tuesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Expedia Group presently has a consensus rating of "Hold" and an average price target of $211.22.

Insider Buying and Selling

In related news, insider Robert J. Dzielak sold 2,658 shares of the firm'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 approximately $15,297,902.69. This trade represents a 3.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $207.78, for a total value of $623,340.00. Following the sale, the director directly owned 33,858 shares of the company's stock, valued at $7,035,015.24. The trade was a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,816 shares of company stock valued at $2,009,132. 9.13% of the stock is currently owned by insiders.

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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