WBI Investments LLC Trims Stock Position in Expedia Group, Inc. $EXPE

Key Points

• WBI Investments LLC significantly reduced its stake in Expedia Group, Inc. by 59.1% during the first quarter, now holding 4,120 shares worth approximately $693,000.
• Expedia reported a Q2 EPS of $4.24, beating expectations, with revenues increasing by 6.4% year-over-year to $3.79 billion.
• The company announced a quarterly dividend of $0.40 per share, reflecting a 0.7% dividend yield and a payout ratio of 19.61%.

WBI Investments LLC cut its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 59.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,120 shares of the online travel company's stock after selling 5,964 shares during the period. WBI Investments LLC's holdings in Expedia Group were worth $693,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXPE. Minot DeBlois Advisors LLC bought a new position in shares of Expedia Group during the fourth quarter valued at approximately $27,000. McClarren Financial Advisors Inc. bought a new position in shares of Expedia Group during the first quarter valued at approximately $28,000. Atlas Capital Advisors Inc. acquired a new stake in Expedia Group in the first quarter valued at approximately $28,000. Park Square Financial Group LLC acquired a new stake in Expedia Group in the first quarter valued at approximately $34,000. Finally, Zions Bancorporation National Association UT acquired a new stake in Expedia Group in the first quarter valued at approximately $36,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Trading Down 1.0%

NASDAQ:EXPE opened at $215.49 on Thursday. Expedia Group, Inc. has a 12 month low of $126.46 and a 12 month high of $219.10. The firm has a fifty day simple moving average of $195.95 and a 200-day simple moving average of $176.62. 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 company has a market capitalization of $26.66 billion, a P/E ratio of 26.41, a PEG ratio of 1.14 and a beta of 1.57.

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

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, August 28th will be issued a dividend of $0.40 per share. 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 dividend payout ratio (DPR) is 19.61%.

Insider Buying and Selling

In related news, Director Craig A. Jacobson sold 3,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $207.78, for a total transaction of $623,340.00. Following the completion of the transaction, the director owned 33,858 shares of the company's stock, valued at $7,035,015.24. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lance A. Soliday sold 852 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $205.88, for a total transaction of $175,409.76. Following the transaction, the chief accounting officer directly 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 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 over the last 90 days. Insiders own 9.13% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on EXPE. Wedbush raised their target price on shares of Expedia Group from $175.00 to $220.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Bank of America raised their target price on shares of Expedia Group from $211.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Sanford C. Bernstein set a $210.00 target price on shares of Expedia Group in a research note on Monday, August 11th. B. Riley raised their target price on shares of Expedia Group from $222.00 to $260.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 target price on shares of Expedia Group in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $205.63.

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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