Stanley Capital Management LLC Acquires 17,000 Shares of Expedia Group, Inc. $EXPE

Key Points

• Stanley Capital Management LLC has increased its holdings in Expedia Group, acquiring an additional 17,000 shares, bringing its total to 81,630 shares, which represents 2.7% of its portfolio.
• Multiple institutional investors have also raised their stakes in Expedia Group, with significant increases from firms like Korea Investment CORP and Praxis Investment Management Inc..
• Wall Street analysts have raised price targets for Expedia Group, with Citigroup setting a target of $206.00 and Morgan Stanley at $165.00, indicating a generally positive outlook on the company's stock performance.

Stanley Capital Management LLC increased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 26.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 81,630 shares of the online travel company's stock after acquiring an additional 17,000 shares during the period. Expedia Group comprises 2.7% of Stanley Capital Management LLC's portfolio, making the stock its 19th biggest position. Stanley Capital Management LLC owned about 0.06% of Expedia Group worth $13,722,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hunter Associates Investment Management LLC lifted its stake in shares of Expedia Group by 10.2% during the 1st quarter. Hunter Associates Investment Management LLC now owns 29,950 shares of the online travel company's stock worth $5,051,000 after acquiring an additional 2,776 shares during the last quarter. Praxis Investment Management Inc. raised its position in Expedia Group by 63.5% during the 1st quarter. Praxis Investment Management Inc. now owns 4,610 shares of the online travel company's stock valued at $775,000 after purchasing an additional 1,790 shares in the last quarter. Korea Investment CORP raised its position in Expedia Group by 55.1% during the 1st quarter. Korea Investment CORP now owns 177,934 shares of the online travel company's stock valued at $29,911,000 after purchasing an additional 63,244 shares in the last quarter. Monument Capital Management bought a new stake in Expedia Group during the 1st quarter valued at $2,261,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Expedia Group by 19.0% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,838 shares of the online travel company's stock valued at $2,662,000 after purchasing an additional 2,534 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley lifted their target price on Expedia Group from $150.00 to $165.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Piper Sandler lifted their target price on Expedia Group from $135.00 to $190.00 and gave the company an "underweight" rating in a research report on Friday, August 8th. 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. Benchmark lifted their price target on Expedia Group from $215.00 to $265.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Citigroup lifted their price target on Expedia Group from $177.00 to $206.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $205.63.

Insider Activity

In other news, CAO Lance A. Soliday sold 852 shares of the business's stock in a transaction dated 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 owned 12,036 shares of the company's stock, valued at $2,477,971.68. The trade was a 6.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $207.78, for a total value of $623,340.00. Following the completion of the transaction, the director directly owned 33,858 shares of the company's stock, valued at approximately $7,035,015.24. This trade represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,816 shares of company stock valued at $2,009,132 in the last quarter. 9.13% of the stock is currently owned by company insiders.

Expedia Group Stock Up 2.7%

Shares of EXPE stock opened at $221.36 on Friday. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The stock's fifty day moving average price is $196.85 and its 200 day moving average price is $176.76. The company has a market cap of $27.39 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 1.13 and a beta of 1.57. Expedia Group, Inc. has a 1-year low of $129.95 and a 1-year high of $222.10.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share for the quarter, beating the consensus estimate 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 company's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.51 EPS. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 28th. Expedia Group's payout ratio is 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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