RNC Capital Management LLC Has $5.04 Million Holdings in Expedia Group, Inc. $EXPE

RNC Capital Management LLC raised its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 0.3% during the second quarter, HoldingsChannel.com reports. The firm owned 29,900 shares of the online travel company’s stock after acquiring an additional 100 shares during the quarter. RNC Capital Management LLC’s holdings in Expedia Group were worth $5,044,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Nuveen LLC bought a new position in Expedia Group during the 1st quarter worth approximately $227,174,000. Los Angeles Capital Management LLC raised its holdings in Expedia Group by 3,369.4% in the first quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company’s stock worth $172,995,000 after purchasing an additional 999,454 shares during the period. AQR Capital Management LLC boosted its position in shares of Expedia Group by 174.0% during the first quarter. AQR Capital Management LLC now owns 1,444,283 shares of the online travel company’s stock worth $235,592,000 after purchasing an additional 917,192 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Expedia Group in the 1st quarter valued at $82,975,000. Finally, Alkeon Capital Management LLC raised its stake in 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 period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Expedia Group news, CAO Lance A. Soliday sold 852 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $205.88, for a total transaction of $175,409.76. Following the transaction, the chief accounting officer owned 12,036 shares of the company’s stock, valued at $2,477,971.68. The trade was a 6.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of the business’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 value of $623,340.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 9,816 shares of company stock valued at $2,009,132 over the last 90 days. 9.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EXPE shares. B. Riley increased their price target on Expedia Group from $222.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Piper Sandler lifted their price target on shares of Expedia Group from $135.00 to $190.00 and gave the company an “underweight” rating in a research note on Friday, August 8th. Citigroup upped their price target on shares of Expedia Group from $177.00 to $206.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Oppenheimer reiterated an “outperform” rating on shares of Expedia Group in a report on Friday, August 8th. Finally, Morgan Stanley upped their price target on shares of Expedia Group from $150.00 to $165.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty-two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expedia Group presently has an average rating of “Hold” and a consensus target price of $211.89.

Expedia Group Stock Performance

Shares of EXPE stock opened at $226.39 on Thursday. The company has a fifty day moving average price of $216.74 and a two-hundred day moving average price of $185.74. Expedia Group, Inc. has a one year low of $130.01 and a one year high of $240.98. The stock has a market cap of $28.01 billion, a P/E ratio of 27.74, a P/E/G ratio of 1.18 and a beta of 1.56. 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 (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, beating analysts’ consensus estimates of $4.13 by $0.11. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter last year, the firm posted $3.51 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

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

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.