QRG Capital Management Inc. Has $2.90 Million Holdings in Expedia Group, Inc. $EXPE

Key Points

• QRG Capital Management Inc. increased its holdings in Expedia Group, Inc. by 626.5% to approximately $2.90 million during the 2nd quarter, owning 17,197 shares after purchasing an additional 14,830 shares.
• Expedia Group reported earnings of $4.24 per share, exceeding analysts' estimates, along with a revenue of $3.79 billion, marking a 6.4% increase year-over-year.
• The company also announced a quarterly dividend of $0.40 per share, resulting in an annualized dividend of $1.60 and a yield of 0.7%.

QRG Capital Management Inc. grew its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 626.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,197 shares of the online travel company's stock after buying an additional 14,830 shares during the quarter. QRG Capital Management Inc.'s holdings in Expedia Group were worth $2,901,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new position in Expedia Group during the 4th quarter worth approximately $408,000. UMB Bank n.a. boosted its position in shares of Expedia Group by 14.1% in the first quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock worth $94,000 after buying an additional 69 shares during the period. Millington Financial Advisors LLC grew its holdings in shares of Expedia Group by 3.7% during the first quarter. Millington Financial Advisors LLC now owns 13,570 shares of the online travel company's stock valued at $2,281,000 after buying an additional 489 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of Expedia Group by 102.6% during the first quarter. Pallas Capital Advisors LLC now owns 8,377 shares of the online travel company's stock valued at $1,408,000 after buying an additional 4,243 shares in the last quarter. Finally, Signet Financial Management LLC raised its position in Expedia Group by 1.4% during the first quarter. Signet Financial Management LLC now owns 25,864 shares of the online travel company's stock valued at $4,348,000 after buying an additional 365 shares during the period. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Trading Up 2.1%

Shares of NASDAQ:EXPE opened at $223.83 on Tuesday. 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 stock has a market capitalization of $27.69 billion, a PE ratio of 27.43, a P/E/G ratio of 1.15 and a beta of 1.56. Expedia Group, Inc. has a 1 year low of $130.01 and a 1 year high of $240.98. The firm has a fifty day moving average price of $209.73 and a 200 day moving average price of $181.71.

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

Expedia Group Dividend Announcement

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

Analysts Set New Price Targets

EXPE has been the subject of a number of research reports. Susquehanna raised their price objective on Expedia Group from $175.00 to $200.00 and gave the stock a "neutral" rating in a research report on Monday, August 11th. DA Davidson increased their price target on shares of Expedia Group from $174.00 to $218.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. UBS Group boosted their price objective on shares of Expedia Group from $182.00 to $209.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Piper Sandler upped their price objective on shares of Expedia Group from $135.00 to $190.00 and gave the company an "underweight" rating in a research note on Friday, August 8th. Finally, Royal Bank Of Canada lifted their target price on shares of Expedia Group from $180.00 to $200.00 and gave the company a "sector perform" rating in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $209.00.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 3,306 shares of Expedia Group stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $200.84, for a total value of $663,977.04. Following the transaction, the insider owned 77,075 shares of the company's stock, valued at $15,479,743. This trade represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $207.78, for a total transaction of $623,340.00. Following the sale, the director directly owned 33,858 shares of the company's stock, valued at approximately $7,035,015.24. This represents a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,816 shares of company stock worth $2,009,132 over the last 90 days. Insiders own 9.13% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.