Truvestments Capital LLC Purchases 2,891 Shares of Expedia Group, Inc. $EXPE

Key Points

• Truvestments Capital LLC has increased its stake in Expedia Group by 208.3%, owning 4,279 shares valued at approximately $719,000 following the acquisition of additional shares in the first quarter.
• Insider sales at Expedia have occurred recently, with notable transactions including Robert J. Dzielak selling 2,658 shares, reducing his ownership by 3.45%, and CAO Lance A. Soliday selling 852 shares, which decreased his ownership by 6.61%.
• Expedia Group reported $4.24 EPS for the last quarter, exceeding analysts’ expectations, and announced a quarterly dividend of $0.40 per share, representing a dividend yield of 0.8%.

Truvestments Capital LLC increased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 208.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,279 shares of the online travel company's stock after buying an additional 2,891 shares during the quarter. Truvestments Capital LLC's holdings in Expedia Group were worth $719,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of EXPE. Nuveen LLC bought a new stake in shares of Expedia Group during the 1st quarter worth $227,174,000. Los Angeles Capital Management LLC raised its position in Expedia Group by 3,369.4% in the first quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company's stock valued at $172,995,000 after purchasing an additional 999,454 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in Expedia Group in the first quarter valued at about $82,975,000. Bamco Inc. NY bought a new position in Expedia Group in the fourth quarter valued at about $80,206,000. Finally, Alkeon Capital Management LLC raised its position in Expedia Group by 25.4% in the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after purchasing an additional 400,000 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EXPE shares. B. Riley increased their target price on Expedia Group from $222.00 to $260.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Citigroup increased their price target on Expedia Group from $177.00 to $206.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Wells Fargo & Company reissued a "positive" rating on shares of Expedia Group in a research note on Friday, August 8th. Sanford C. Bernstein set a $210.00 price target on Expedia Group in a research note on Monday, August 11th. Finally, UBS Group increased their price target on Expedia Group from $182.00 to $209.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. 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 data from MarketBeat, Expedia Group has a consensus rating of "Hold" and an average target price of $205.63.

Insider Activity

In related news, Director Craig A. Jacobson sold 3,000 shares of the company'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 sale, the director owned 33,858 shares in the company, valued at $7,035,015.24. This represents a 8.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 852 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total value of $175,409.76. Following the transaction, the chief accounting officer directly owned 12,036 shares in the company, valued at $2,477,971.68. The trade was a 6.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,816 shares of company stock valued at $2,009,132. Insiders own 9.13% of the company's stock.

Expedia Group Stock Performance

Expedia Group stock traded up $0.09 during mid-day trading on Monday, reaching $214.80. 1,255,319 shares of the company's stock were exchanged, compared to its average volume of 2,130,679. The business's fifty day simple moving average is $188.57 and its 200 day simple moving average is $175.56. The firm has a market capitalization of $26.58 billion, a PE ratio of 26.32, a P/E/G ratio of 1.10 and a beta of 1.57. Expedia Group, Inc. has a one year low of $126.46 and a one year high of $216.60. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, topping analysts' consensus estimates of $4.13 by $0.11. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.70 billion. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.Expedia Group's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $3.51 earnings per share. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis 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%.

Expedia Group 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.