Range Financial Group LLC Buys New Stake in Expedia Group, Inc. $EXPE

Key Points

• Range Financial Group LLC has acquired a new stake in Expedia Group, Inc. worth approximately $452,000, acquiring 2,682 shares in the second quarter.
• Expedia reported earnings of $4.24 per share for the last quarter, exceeding estimates, with total revenue of $3.79 billion, up 6.4% year-over-year.
• The company announced a quarterly dividend of $0.40, representing an annualized payout of $1.60 and a dividend yield of 0.7%, with a payout ratio of 19.61%.

Range Financial Group LLC purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,682 shares of the online travel company's stock, valued at approximately $452,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Expedia Group by 2.7% in the first quarter. Vanguard Group Inc. now owns 15,201,811 shares of the online travel company's stock valued at $2,555,424,000 after acquiring an additional 394,147 shares during the period. Alkeon Capital Management LLC boosted its holdings 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 buying an additional 398,804 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Expedia Group by 174.0% in the first quarter. AQR Capital Management LLC now owns 1,444,283 shares of the online travel company's stock worth $235,592,000 after buying an additional 917,192 shares during the last quarter. Nuveen LLC purchased a new position in shares of Expedia Group in the first quarter worth approximately $227,174,000. Finally, Northern Trust Corp raised its position in 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 acquiring an additional 55,575 shares during the period. 90.76% of the stock is owned by institutional investors.

Insider Activity at Expedia Group

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on EXPE shares. Morgan Stanley increased their price target on shares of Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Benchmark raised their target price on Expedia Group from $215.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, August 8th. UBS Group raised their price objective on Expedia Group from $182.00 to $209.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Susquehanna raised their price objective on Expedia Group from $175.00 to $200.00 and gave the stock a "neutral" rating in a research note on Monday, August 11th. Finally, BTIG Research reaffirmed a "buy" rating and issued a $250.00 price objective on shares of Expedia Group in a research note on Tuesday, September 9th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Expedia Group presently has an average rating of "Hold" and an average target price of $205.63.

Expedia Group Stock Up 0.2%

Shares of EXPE traded up $0.51 during midday trading on Friday, reaching $222.43. 3,559,950 shares of the stock were exchanged, compared to its average volume of 1,350,937. Expedia Group, Inc. has a 52 week low of $130.01 and a 52 week high of $229.00. 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 company's 50 day moving average is $202.25 and its two-hundred day moving average is $177.95. The company has a market capitalization of $27.52 billion, a P/E ratio of 27.26, a PEG ratio of 1.16 and a beta of 1.57.

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 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 for the quarter, compared to analysts' expectations of $3.70 billion. During the same period in the prior year, the business earned $3.51 EPS. The firm's quarterly 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. On average, sell-side analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

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