Resona Asset Management Co. Ltd. Has $6.36 Million Holdings in Expedia Group, Inc. $EXPE

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Expedia Group by 4.6%, owning 37,808 shares valued at approximately $6.36 million after purchasing an additional 1,653 shares during Q1.
• Expedia Group reported earnings per share of $4.24 for the last quarter, surpassing estimates and achieving a 6.4% year-over-year revenue growth to $3.79 billion.
• The company declared a quarterly dividend of $0.40, which translates to an annual yield of 0.8% with a low dividend payout ratio of 19.61%.

Resona Asset Management Co. Ltd. raised its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 4.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,808 shares of the online travel company's stock after acquiring an additional 1,653 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Expedia Group were worth $6,356,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Expedia Group by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 15,201,811 shares of the online travel company's stock worth $2,555,424,000 after purchasing an additional 394,147 shares during the last quarter. Alkeon Capital Management LLC boosted its position in Expedia Group by 25.4% in the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after buying an additional 400,000 shares in the last quarter. Nuveen LLC bought a new stake in Expedia Group during the first quarter worth about $227,174,000. Northern Trust Corp increased its holdings in shares of Expedia Group by 8.8% during the fourth quarter. Northern Trust Corp now owns 1,275,907 shares of the online travel company's stock worth $237,740,000 after buying an additional 102,949 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Expedia Group by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,176,669 shares of the online travel company's stock valued at $219,255,000 after acquiring an additional 71,795 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Robert J. Dzielak sold 3,306 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $200.84, for a total transaction of $663,977.04. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 9.13% of the company's stock.

Expedia Group Price Performance

Shares of NASDAQ EXPE traded up $2.0410 during trading hours on Tuesday, hitting $208.7110. 587,054 shares of the stock were exchanged, compared to its average volume of 2,112,159. The company's fifty day simple moving average is $180.54 and its two-hundred day simple moving average is $174.07. The company has a market cap of $25.82 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 1.03 and a beta of 1.61. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. Expedia Group, Inc. has a 1-year low of $126.46 and a 1-year high of $213.00.

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

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, August 28th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, August 28th. Expedia Group's dividend payout ratio is currently 19.61%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on EXPE shares. Morgan Stanley increased their price target on Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Cowen restated a "hold" rating on shares of Expedia Group in a report on Friday, August 8th. Barclays raised their target price on Expedia Group from $190.00 to $197.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. B. Riley upped their price target on shares of Expedia Group from $222.00 to $260.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Bank of America raised their price objective on shares of Expedia Group from $211.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Expedia Group has a consensus rating of "Hold" and a consensus target price of $205.63.

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.