VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Stake in Expedia Group, Inc. $EXPE

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 89,000 shares of the online travel company’s stock, valued at approximately $22,773,000.

A number of other large investors have also added to or reduced their stakes in EXPE. Motiv8 Investments LLC purchased a new position in shares of Expedia Group in the fourth quarter valued at about $25,000. Entrust Financial LLC bought a new position in shares of Expedia Group during the fourth quarter valued at about $26,000. First Bancorp Inc ME purchased a new stake in shares of Expedia Group during the second quarter worth about $28,000. Sunbelt Securities Inc. boosted its holdings in shares of Expedia Group by 970.6% during the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after purchasing an additional 165 shares during the period. Finally, Elevation Wealth Partners LLC grew its stake in shares of Expedia Group by 272.9% in the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock worth $46,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Insider Buying and Selling

In other news, insider Robert J. Dzielak sold 1,004 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $335.00, for a total transaction of $336,340.00. Following the sale, the insider owned 104,331 shares in the company, valued at approximately $34,950,885. The trade was a 0.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Craig A. Jacobson sold 3,133 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the completion of the sale, the director directly owned 29,832 shares in the company, valued at $9,800,408.64. This represents a 9.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,950 shares of company stock valued at $3,881,995 over the last ninety days. Company insiders own 5.20% of the company’s stock.

Expedia Group Stock Performance

Shares of EXPE opened at $298.04 on Tuesday. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.80 and a quick ratio of 0.80. Expedia Group, Inc. has a one year low of $185.34 and a one year high of $342.00. The company has a 50-day simple moving average of $295.50 and a two-hundred day simple moving average of $254.81. The firm has a market capitalization of $35.77 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 0.73 and a beta of 1.25.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating the consensus estimate of $5.22 by $0.54. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.17 billion. During the same period in the previous year, the firm posted $4.24 EPS. The business’s revenue was up 14.0% on a year-over-year basis. On average, analysts anticipate that Expedia Group, Inc. will post 17.15 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, August 27th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 27th. Expedia Group’s dividend payout ratio is presently 11.97%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EXPE shares. DA Davidson reduced their price target on Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Barclays increased their price objective on Expedia Group from $264.00 to $320.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. The Goldman Sachs Group set a $370.00 price objective on Expedia Group in a research report on Thursday, August 6th. Argus boosted their target price on Expedia Group from $270.00 to $315.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, TD Cowen boosted their target price on Expedia Group from $285.00 to $320.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Eighteen equities research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the stock. According to MarketBeat, Expedia Group currently has a consensus rating of “Hold” and a consensus price target of $318.71.

Expedia Group Profile

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.