Allianz Asset Management GmbH boosted its position in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 74.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 102,619 shares of the online travel company’s stock after purchasing an additional 43,840 shares during the quarter. Allianz Asset Management GmbH’s holdings in Expedia Group were worth $17,310,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of EXPE. Brighton Jones LLC acquired a new position in Expedia Group during the 4th quarter valued at about $408,000. GAMMA Investing LLC boosted its holdings in shares of Expedia Group by 8.5% in the first quarter. GAMMA Investing LLC now owns 2,102 shares of the online travel company’s stock worth $353,000 after buying an additional 165 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Expedia Group by 18.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 31,604 shares of the online travel company’s stock worth $5,313,000 after purchasing an additional 4,987 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of Expedia Group by 25.5% during the first quarter. QRG Capital Management Inc. now owns 2,367 shares of the online travel company’s stock worth $398,000 after purchasing an additional 481 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Expedia Group by 3.2% during the first quarter. State of Alaska Department of Revenue now owns 14,451 shares of the online travel company’s stock worth $2,429,000 after purchasing an additional 445 shares during the period. 90.76% of the stock is currently owned by institutional investors.
Insider Activity at Expedia Group
In related news, insider Robert J. Dzielak sold 2,658 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $205.57, for a total value of $546,405.06. Following the sale, the insider directly owned 74,417 shares in the company, valued at $15,297,902.69. This trade represents a 3.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Craig A. Jacobson sold 3,000 shares of the firm’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 transaction of $623,340.00. Following the sale, the director owned 33,858 shares in the company, valued at $7,035,015.24. This trade represents a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,816 shares of company stock worth $2,009,132 in the last ninety days. Company insiders own 9.13% of the company’s stock.
Expedia Group Trading Up 0.6%
Expedia Group (NASDAQ:EXPE – Get Free Report) last issued 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 the consensus estimate of $3.70 billion. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.51 EPS. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.
Expedia Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, August 28th were given 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 was Thursday, August 28th. Expedia Group’s dividend payout ratio (DPR) is currently 19.61%.
Wall Street Analyst Weigh In
EXPE has been the subject of a number of analyst reports. Bank of America lifted 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Expedia Group in a research note on Wednesday, October 8th. Barclays lifted their price target on shares of Expedia Group from $190.00 to $197.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Citigroup lifted their price target on shares of Expedia Group from $177.00 to $206.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Finally, Oppenheimer reissued an “outperform” rating on shares of Expedia Group in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $211.22.
View Our Latest Stock Analysis on EXPE
Expedia Group Company 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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