Saudi Central Bank Purchases 3,872 Shares of Expedia Group, Inc. $EXPE

Key Points

• Saudi Central Bank increased its Expedia Group stake by 89.7% in the second quarter, buying 3,872 shares to bring its holdings to 8,191 shares worth approximately $2.1 million.
• Expedia exceeded quarterly expectations, reporting $5.76 in EPS and $4.32 billion in revenue, with revenue rising 14% year over year. The company also declared a $0.48 quarterly dividend, equal to a 0.6% annualized yield.
• Analysts maintain a broadly neutral outlook, with the stock carrying an average “Hold” rating and a consensus price target of $318.71. Institutional investors own 90.76% of Expedia, while insiders sold nearly $3.9 million of shares over the past 90 days.

Saudi Central Bank raised its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 89.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,191 shares of the online travel company's stock after buying an additional 3,872 shares during the quarter. Saudi Central Bank's holdings in Expedia Group were worth $2,096,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Plato Investment Management Ltd purchased a new position in shares of Expedia Group during the second quarter valued at approximately $2,562,000. Corient Private Wealth LLC grew its stake in shares of Expedia Group by 17.8% in the 4th quarter. Corient Private Wealth LLC now owns 61,211 shares of the online travel company's stock worth $17,344,000 after buying an additional 9,256 shares during the last quarter. Lombard Odier Asset Management Switzerland SA purchased a new stake in shares of Expedia Group in the 1st quarter worth approximately $910,000. Bank of New York Mellon Corp bought a new position in Expedia Group during the 2nd quarter valued at approximately $166,203,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Expedia Group during the 2nd quarter valued at approximately $1,354,000. Institutional investors own 90.76% of the company's stock.

Expedia Group Price Performance

Shares of Expedia Group stock opened at $298.04 on Tuesday. Expedia Group, Inc. has a twelve month low of $185.34 and a twelve month high of $342.00. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21. The company's 50 day moving average is $295.50 and its 200 day moving average is $254.81. The company has a market cap of $35.77 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 0.73 and a beta of 1.25.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, topping analysts' consensus estimates of $5.22 by $0.54. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The firm's revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.24 EPS. Research analysts anticipate that Expedia Group, Inc. will post 17.15 EPS for the current year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 27th. Expedia Group's dividend payout ratio (DPR) is 11.97%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Dbs Bank raised Expedia Group from a "hold" rating to a "moderate buy" rating in a report on Monday, May 11th. DA Davidson reduced their price target on Expedia Group from $260.00 to $250.00 and set a "neutral" rating for the company in a report on Friday, May 15th. Truist Financial lifted their price target on Expedia Group from $246.00 to $309.00 and gave the stock a "hold" rating in a research report on Monday, August 3rd. Barclays upped their price target on shares of Expedia Group from $264.00 to $320.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 6th. Finally, BMO Capital Markets reissued a "market perform" rating and set a $285.00 price objective on shares of Expedia Group in a research report on Friday, August 7th. Eighteen equities research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $318.71.

Insider Buying and Selling

In other Expedia Group news, insider Robert J. Dzielak sold 1,004 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $335.00, for a total value of $336,340.00. Following the transaction, the insider owned 104,331 shares of the company's stock, valued at approximately $34,950,885. This represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 2,810 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total value of $909,456.50. Following the completion of the transaction, the chief accounting officer directly owned 12,006 shares in the company, valued at $3,885,741.90. The trade was a 18.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 11,950 shares of company stock valued at $3,881,995 over the last 90 days. Company insiders own 5.20% of the company's stock.

Expedia Group Profile

Expedia Group NASDAQ: EXPE is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company's platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.

Want to see what other hedge funds are holding EXPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expedia Group, Inc. (NASDAQ:EXPE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.