Ritholtz Wealth Management Buys 3,549 Shares of Expedia Group, Inc. $EXPE

Key Points

• Ritholtz Wealth Management increased its stake in Expedia Group by 35.9% in Q2 2023, obtaining an additional 3,549 shares, bringing total holdings to 13,425 shares valued at approximately $2.26 million.
• Insider trades reported include Director Craig A. Jacobson selling 3,000 shares for $623,340 and insider Robert J. Dzielak selling 2,658 shares for $546,405, indicating a decrease in stock ownership by these insiders.
• Expedia's quarterly earnings report revealed $4.24 earnings per share (EPS), surpassing expectations and showing a revenue increase of 6.4% from the previous year.

Ritholtz Wealth Management increased its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 35.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,425 shares of the online travel company's stock after buying an additional 3,549 shares during the period. Ritholtz Wealth Management's holdings in Expedia Group were worth $2,264,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EXPE. Altman Advisors Inc. boosted its holdings in Expedia Group by 0.5% in the first quarter. Altman Advisors Inc. now owns 13,338 shares of the online travel company's stock worth $2,093,000 after purchasing an additional 65 shares during the last quarter. Horizon Investments LLC boosted its holdings in Expedia Group by 4.4% in the first quarter. Horizon Investments LLC now owns 1,780 shares of the online travel company's stock worth $299,000 after purchasing an additional 75 shares during the last quarter. Moody National Bank Trust Division boosted its holdings in Expedia Group by 1.7% in the second quarter. Moody National Bank Trust Division now owns 4,868 shares of the online travel company's stock worth $821,000 after purchasing an additional 80 shares during the last quarter. SVB Wealth LLC boosted its holdings in Expedia Group by 3.6% in the first quarter. SVB Wealth LLC now owns 2,408 shares of the online travel company's stock worth $405,000 after purchasing an additional 84 shares during the last quarter. Finally, First Pacific Financial raised its position in Expedia Group by 60.0% in the second quarter. First Pacific Financial now owns 240 shares of the online travel company's stock worth $40,000 after acquiring an additional 90 shares during the period. 90.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Craig A. Jacobson sold 3,000 shares of Expedia Group 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 sale, the director directly owned 33,858 shares in the company, valued at approximately $7,035,015.24. The trade was a 8.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert J. Dzielak sold 2,658 shares of Expedia Group 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 completion of the sale, the insider owned 74,417 shares in the company, valued at approximately $15,297,902.69. This represents a 3.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,816 shares of company stock worth $2,009,132. Insiders own 9.13% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. BTIG Research reiterated a "buy" rating and set a $250.00 price target on shares of Expedia Group in a research note on Tuesday. Oppenheimer reiterated an "outperform" rating on shares of Expedia Group in a research note on Friday, August 8th. Morgan Stanley lifted 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 note on Monday, July 21st. Susquehanna lifted their price target on shares of Expedia Group from $175.00 to $200.00 and gave the stock a "neutral" rating in a research note on Monday, August 11th. Finally, Royal Bank Of Canada lifted their price target 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. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $209.00.

Expedia Group Stock Down 2.2%

Shares of EXPE stock opened at $213.57 on Friday. The company has a market capitalization of $26.42 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 1.14 and a beta of 1.56. Expedia Group, Inc. has a one year low of $130.01 and a one year high of $240.98. The company's fifty day moving average price is $215.05 and its 200-day moving average price is $183.98. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75.

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 (EPS) for the quarter, beating analysts' consensus estimates of $4.13 by $0.11. The company had revenue of $3.79 billion for 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%. Expedia Group's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.51 EPS. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

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

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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