Blume Capital Management Inc. Trims Holdings in Expedia Group, Inc. $EXPE

Blume Capital Management Inc. reduced its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 1.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,778 shares of the online travel company’s stock after selling 110 shares during the period. Blume Capital Management Inc.’s holdings in Expedia Group were worth $975,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EXPE. Nuveen LLC acquired a new position in shares of Expedia Group during the 1st quarter valued at about $227,174,000. Los Angeles Capital Management LLC boosted its holdings in Expedia Group by 3,369.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company’s stock valued at $172,995,000 after purchasing an additional 999,454 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Expedia Group by 174.0% in the 1st quarter. AQR Capital Management LLC now owns 1,444,283 shares of the online travel company’s stock valued at $235,592,000 after purchasing an additional 917,192 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Expedia Group in the 1st quarter valued at approximately $82,975,000. Finally, Alkeon Capital Management LLC increased its holdings in shares of Expedia Group by 20.2% during the 1st quarter. Alkeon Capital Management LLC now owns 2,375,276 shares of the online travel company’s stock worth $399,284,000 after buying an additional 398,804 shares during the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Price Performance

EXPE stock opened at $226.14 on Wednesday. The business’s fifty day moving average price is $216.41 and its 200 day moving average price is $185.46. Expedia Group, Inc. has a 12-month low of $130.01 and a 12-month high of $240.98. 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 $27.98 billion, a PE ratio of 27.71, a P/E/G ratio of 1.14 and a beta of 1.56.

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

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, August 28th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 28th. Expedia Group’s dividend payout ratio is presently 19.61%.

Analysts Set New Price Targets

A number of research firms recently commented on EXPE. UBS Group upped their price objective on Expedia Group from $182.00 to $209.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Truist Financial decreased their price target on Expedia Group from $175.00 to $168.00 and set a “hold” rating on the stock in a research note on Tuesday, June 24th. Cowen reiterated a “hold” rating on shares of Expedia Group in a report on Friday, August 8th. B. Riley boosted their price objective on shares of Expedia Group from $222.00 to $260.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $250.00 target price on shares of Expedia Group in a research report on Tuesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $211.54.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 852 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer owned 12,036 shares of the company’s stock, valued at $2,477,971.68. This trade represents a 6.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Craig A. Jacobson sold 3,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 33,858 shares of the company’s stock, valued at approximately $7,035,015.24. This trade represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,816 shares of company stock worth $2,009,132 in the last ninety days. 9.13% of the stock is owned by corporate 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.