iA Global Asset Management Inc. Grows Stock Position in Expedia Group, Inc. $EXPE

iA Global Asset Management Inc. boosted its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 46.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,117 shares of the online travel company’s stock after acquiring an additional 5,437 shares during the quarter. iA Global Asset Management Inc.’s holdings in Expedia Group were worth $2,887,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EXPE. Spire Wealth Management boosted its holdings in Expedia Group by 114.3% in the 2nd quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock worth $25,000 after acquiring an additional 80 shares during the period. McClarren Financial Advisors Inc. purchased a new position in shares of Expedia Group during the 1st quarter valued at approximately $28,000. Atlas Capital Advisors Inc. purchased a new position in shares of Expedia Group during the 1st quarter valued at approximately $28,000. GFG Capital LLC acquired a new stake in shares of Expedia Group during the second quarter worth approximately $29,000. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of Expedia Group during the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

Expedia Group stock opened at $220.00 on Monday. The company has a market cap of $27.22 billion, a PE ratio of 26.96, a P/E/G ratio of 1.15 and a beta of 1.56. The company has a fifty day moving average price of $218.49 and a two-hundred day moving average price of $190.04. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. Expedia Group, Inc. has a 12 month low of $130.01 and a 12 month high of $240.98.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.13 by $0.11. The company had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $3.51 earnings per share. 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 year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, August 28th. Expedia Group’s dividend payout ratio (DPR) is presently 19.61%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EXPE. Citigroup raised their price target on shares of Expedia Group from $177.00 to $206.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Piper Sandler raised their price target on shares of Expedia Group from $135.00 to $190.00 and gave the stock an “underweight” rating in a research report on Friday, August 8th. Cowen reissued a “hold” rating on shares of Expedia Group in a research report on Friday, August 8th. Sanford C. Bernstein set a $210.00 price target on shares of Expedia Group in a research report on Monday, August 11th. Finally, Wells Fargo & Company raised their price target on shares of Expedia Group from $211.00 to $212.00 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty-two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $214.29.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Craig A. Jacobson sold 3,000 shares of the firm’s stock in a transaction 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 directly owned 33,858 shares in the company, valued at approximately $7,035,015.24. This trade represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Lance A. Soliday sold 852 shares of the firm’s 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 completion of the sale, the chief accounting officer 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 SEC filing for this sale provides additional information. Over the last three months, insiders have sold 9,816 shares of company stock worth $2,009,132. 9.13% of the stock is owned by insiders.

About Expedia Group

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.