Sagespring Wealth Partners LLC Makes New $204,000 Investment in Expedia Group, Inc. $EXPE

Key Points

• Sagespring Wealth Partners LLC has made a new investment of $204,000 in Expedia Group, Inc., acquiring 1,208 shares as reported in their 13F filing.
• Insider trading activity includes Director Craig A. Jacobson selling 3,000 shares for $623,340, reducing his ownership by 8.14%.
• Expedia's latest quarterly earnings showed an earnings per share (EPS) of $4.24, exceeding analysts' expectations, with stakeholders receiving a quarterly dividend of $0.40.

Sagespring Wealth Partners LLC acquired a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,208 shares of the online travel company's stock, valued at approximately $204,000.

A number of other institutional investors have also recently bought and sold shares of EXPE. Brighton Jones LLC acquired a new stake in Expedia Group during the 4th quarter worth about $408,000. GAMMA Investing LLC boosted its position in Expedia Group by 8.5% during the 1st quarter. GAMMA Investing LLC now owns 2,102 shares of the online travel company's stock worth $353,000 after acquiring an additional 165 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Expedia Group by 18.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 31,604 shares of the online travel company's stock worth $5,313,000 after acquiring an additional 4,987 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of Expedia Group during the 1st quarter valued at about $433,000. Finally, QRG Capital Management Inc. lifted its holdings in shares of Expedia Group by 25.5% during the 1st quarter. QRG Capital Management Inc. now owns 2,367 shares of the online travel company's stock valued at $398,000 after buying an additional 481 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Expedia Group news, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $207.78, for a total value of $623,340.00. Following the transaction, the director directly owned 33,858 shares of the company's stock, valued at $7,035,015.24. The trade was a 8.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Lance A. Soliday sold 852 shares of Expedia Group 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 completion of the transaction, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $2,477,971.68. This represents a 6.61% 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 valued at $2,009,132 in the last three months. Company insiders own 9.13% of the company's stock.

Analyst Ratings Changes

EXPE has been the subject of several research reports. Oppenheimer reiterated an "outperform" rating on shares of Expedia Group in a report on Friday, August 8th. Sanford C. Bernstein set a $210.00 price target on Expedia Group in a report on Monday, August 11th. Susquehanna lifted their price target on Expedia Group from $175.00 to $200.00 and gave the company a "neutral" rating in a report on Monday, August 11th. Piper Sandler lifted their price target on Expedia Group from $135.00 to $190.00 and gave the company an "underweight" rating in a report on Friday, August 8th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Expedia Group in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Expedia Group presently has a consensus rating of "Hold" and an average price target of $211.22.

Expedia Group Stock Up 0.6%

Shares of EXPE stock opened at $214.76 on Friday. The stock's 50 day simple moving average is $215.44 and its 200 day simple moving average is $184.42. 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 twelve month low of $130.01 and a twelve month high of $240.98. The company has a market capitalization of $26.57 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.12 and a beta of 1.56.

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

Expedia Group Dividend Announcement

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

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.