US Bancorp DE Cuts Stock Holdings in Expedia Group, Inc. $EXPE

Key Points

• US Bancorp DE has significantly reduced its stake in Expedia Group, Inc. by 54.4%, now holding 6,308 shares valued at approximately $1.06 million.
• In contrast, other institutional investors like Hunter Associates Investment Management and Korea Investment CORP have increased their stakes in Expedia, indicating varied investor sentiment.
• Expedia Group recently reported a strong quarterly performance with $4.24 earnings per share, surpassing expectations, and declared a $0.40 per share quarterly dividend.

US Bancorp DE lessened its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 54.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,308 shares of the online travel company's stock after selling 7,526 shares during the quarter. US Bancorp DE's holdings in Expedia Group were worth $1,064,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hunter Associates Investment Management LLC increased its holdings in Expedia Group by 10.2% in 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 in the last quarter. OMNI 360 Wealth Inc. purchased a new stake in Expedia Group in the 2nd quarter worth $325,000. Praxis Investment Management Inc. increased its holdings in Expedia Group by 63.5% in the 1st quarter. Praxis Investment Management Inc. now owns 4,610 shares of the online travel company's stock worth $775,000 after acquiring an additional 1,790 shares in the last quarter. Korea Investment CORP increased its holdings in Expedia Group by 55.1% in the 1st quarter. Korea Investment CORP now owns 177,934 shares of the online travel company's stock worth $29,911,000 after acquiring an additional 63,244 shares in the last quarter. Finally, Monument Capital Management purchased a new stake in Expedia Group in the 1st quarter worth $2,261,000. Hedge funds and other institutional investors own 90.76% of the company's stock.

Insider Activity

In other Expedia Group news, Director Craig A. Jacobson sold 3,000 shares of the company'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 transaction, the director owned 33,858 shares of the company's stock, valued at $7,035,015.24. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Lance A. Soliday sold 852 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total transaction of $175,409.76. Following the completion of 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,816 shares of company stock valued at $2,009,132. 9.13% of the stock is currently owned by insiders.

Expedia Group Trading Up 0.6%

Shares of EXPE stock opened at $214.76 on Friday. The company's 50-day moving average price is $215.44 and its 200-day moving average price is $184.30. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The stock has a market cap 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, Inc. has a twelve month low of $130.01 and a twelve month high of $240.98.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced 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 firm had revenue of $3.79 billion for the quarter, compared to analysts' expectations of $3.70 billion. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The company's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.51 EPS. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. Expedia Group's payout ratio is presently 19.61%.

Analyst Ratings Changes

EXPE has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their price target on shares of Expedia Group from $180.00 to $200.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. Wedbush boosted their price target on shares of Expedia Group from $175.00 to $220.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. B. Riley lifted their target price on shares of Expedia Group from $222.00 to $260.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. DA Davidson lifted their target price on shares of Expedia Group from $174.00 to $218.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Finally, Wall Street Zen raised shares of Expedia Group from a "hold" rating to a "buy" rating in a research note on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Expedia Group has an average rating of "Hold" and a consensus price target of $211.22.

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.

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