Raymond James Financial Inc. Has $25.99 Million Stock Position in Expedia Group, Inc. $EXPE

Key Points

• Raymond James Financial Inc. reduced its stake in Expedia Group by 38.5%, owning approximately $25.99 million worth of shares after selling 96,672 during the first quarter.
• Expedia reported a quarterly earnings per share (EPS) of $4.24, exceeding analyst estimates of $4.13, with a revenue of $3.79 billion for the quarter.
• The company declared a quarterly dividend of $0.40 per share, with an annualized dividend yield of 0.7% and a payout ratio of 19.61%.

Raymond James Financial Inc. cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 38.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 154,584 shares of the online travel company's stock after selling 96,672 shares during the period. Raymond James Financial Inc. owned about 0.12% of Expedia Group worth $25,987,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of EXPE. Minot DeBlois Advisors LLC acquired a new position in shares of Expedia Group during the fourth quarter worth $27,000. McClarren Financial Advisors Inc. acquired a new position in shares of Expedia Group during the first quarter worth $28,000. Atlas Capital Advisors Inc. acquired a new position in shares of Expedia Group during the first quarter worth $28,000. Park Square Financial Group LLC acquired a new position in shares of Expedia Group during the first quarter worth $34,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Expedia Group during the first quarter worth $36,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Stock Performance

Shares of EXPE opened at $213.35 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 $26.40 billion, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 1.10 and a beta of 1.61. The firm's fifty day simple moving average is $184.50 and its two-hundred day simple moving average is $175.22. Expedia Group, Inc. has a 12 month low of $126.46 and a 12 month high of $216.60.

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

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is 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 19.61%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Morgan Stanley upped their price target on shares of Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Barclays upped their price target on shares of Expedia Group from $190.00 to $197.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Royal Bank Of Canada boosted their price objective 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. Cowen reissued a "hold" rating on shares of Expedia Group in a research note on Friday, August 8th. Finally, Bank of America boosted their price objective on shares of Expedia Group from $211.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Expedia Group presently has an average rating of "Hold" and an average target price of $205.63.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Craig A. Jacobson sold 3,000 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $207.78, for a total transaction of $623,340.00. Following the sale, the director 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert J. Dzielak sold 2,658 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $205.57, for a total transaction of $546,405.06. Following the sale, the insider directly owned 74,417 shares in the company, valued at $15,297,902.69. This trade represents a 3.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,816 shares of company stock valued at $2,009,132. 9.13% of the stock is currently owned by insiders.

About Expedia Group

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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