Korea Investment CORP Purchases 63,244 Shares of Expedia Group, Inc. $EXPE

Korea Investment CORP raised its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 55.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,934 shares of the online travel company’s stock after buying an additional 63,244 shares during the quarter. Korea Investment CORP’s holdings in Expedia Group were worth $29,911,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in shares of Expedia Group during the 4th quarter valued at about $408,000. Jump Financial LLC lifted its stake in Expedia Group by 45.5% during the fourth quarter. Jump Financial LLC now owns 2,811 shares of the online travel company’s stock worth $524,000 after purchasing an additional 879 shares during the period. NewEdge Advisors LLC boosted its holdings in Expedia Group by 24.6% during the fourth quarter. NewEdge Advisors LLC now owns 5,196 shares of the online travel company’s stock valued at $968,000 after purchasing an additional 1,025 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Expedia Group during the fourth quarter valued at approximately $1,621,000. Finally, GeoWealth Management LLC grew its stake in shares of Expedia Group by 455.7% in the 4th quarter. GeoWealth Management LLC now owns 1,606 shares of the online travel company’s stock valued at $299,000 after purchasing an additional 1,317 shares during the period. 90.76% of the stock is owned by institutional investors.

Expedia Group Stock Up 0.7%

Shares of NASDAQ EXPE opened at $208.04 on Wednesday. Expedia Group, Inc. has a 12-month low of $126.46 and a 12-month high of $213.00. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The firm’s 50-day simple moving average is $181.22 and its 200 day simple moving average is $174.30. The company has a market cap of $25.74 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 1.03 and a beta of 1.61.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.The firm’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the company 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 28th. Expedia Group’s payout ratio is 19.61%.

Insiders Place Their Bets

In related news, insider Robert J. Dzielak sold 3,306 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $200.84, for a total transaction of $663,977.04. Following the transaction, the insider directly owned 77,075 shares of the company’s stock, valued at approximately $15,479,743. The trade was a 4.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on EXPE. Truist Financial cut their target price on Expedia Group from $175.00 to $168.00 and set a “hold” rating for the company in a research report on Tuesday, June 24th. Morgan Stanley increased their price objective on Expedia Group from $150.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. DA Davidson lifted their price objective on Expedia Group from $174.00 to $218.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Wells Fargo & Company restated a “positive” rating on shares of Expedia Group in a research note on Friday, August 8th. Finally, Bank of America increased their target price on shares of Expedia Group from $211.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average 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.