Strs Ohio Takes $972,000 Position in Expedia Group, Inc. $EXPE

Key Points

• Strs Ohio invested approximately $972,000 in Expedia Group, acquiring 5,785 shares in the first quarter of the year.
• Expedia Group reported $4.24 earnings per share (EPS) for the last quarter, exceeding expectations of $4.13, with a revenue of $3.79 billion.
• The company declared a quarterly dividend of $0.40 per share, reflecting an annualized dividend yield of 0.7% and a dividend payout ratio of 19.61%.

Strs Ohio bought a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,785 shares of the online travel company's stock, valued at approximately $972,000.

Several other hedge funds have also added to or reduced their stakes in the business. McClarren Financial Advisors Inc. bought a new position in shares of Expedia Group during the 1st quarter worth approximately $28,000. Atlas Capital Advisors Inc. acquired a new position in Expedia Group in the first quarter valued at approximately $28,000. Park Square Financial Group LLC acquired a new stake in shares of Expedia Group in the 1st quarter valued at about $34,000. Zions Bancorporation National Association UT bought a new stake in shares of Expedia Group during the first quarter worth about $36,000. Finally, Larson Financial Group LLC increased its stake in Expedia Group by 2,175.0% in the 1st quarter. Larson Financial Group LLC now owns 273 shares of the online travel company's stock valued at $46,000 after buying an additional 261 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Trading Up 0.2%

Expedia Group stock traded up $0.51 during trading hours on Friday, reaching $222.43. The stock had a trading volume of 3,559,950 shares, compared to its average volume of 1,350,937. The company has a fifty day simple moving average of $202.25 and a 200-day simple moving average of $177.86. 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 has a market cap of $27.52 billion, a PE ratio of 27.26, a PEG ratio of 1.17 and a beta of 1.57. Expedia Group, Inc. has a 52 week low of $130.01 and a 52 week high of $229.00.

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, topping the consensus estimate of $4.13 by $0.11. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The firm had revenue of $3.79 billion during the quarter, compared to analysts' expectations of $3.70 billion. During the same quarter in the previous year, the business earned $3.51 earnings per share. The company's revenue was up 6.4% on a year-over-year basis. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

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

Insider Activity

In other Expedia Group news, CAO Lance A. Soliday sold 852 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total transaction of $175,409.76. Following the sale, the chief accounting officer owned 12,036 shares of the company's stock, valued at approximately $2,477,971.68. This trade represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig A. Jacobson sold 3,000 shares of the business's 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 owned 33,858 shares in the company, valued at $7,035,015.24. The trade was 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 three months. 9.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein set a $210.00 target price on shares of Expedia Group in a research note on Monday, August 11th. Piper Sandler lifted their price objective on Expedia Group from $135.00 to $190.00 and gave the stock an "underweight" rating in a report 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. Royal Bank Of Canada increased their price target on Expedia Group from $180.00 to $200.00 and gave the company a "sector perform" rating in a report on Friday, August 8th. Finally, Citigroup upped their price objective on shares of Expedia Group from $177.00 to $206.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Expedia Group presently has an average rating of "Hold" and a consensus price target 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.