Harvest Portfolios Group Inc. Cuts Stock Holdings in Expedia Group, Inc. $EXPE

Harvest Portfolios Group Inc. cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 8.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 15,607 shares of the online travel company’s stock after selling 1,481 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Expedia Group were worth $2,633,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management boosted its holdings in Expedia Group by 114.3% in the second quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock valued at $25,000 after acquiring an additional 80 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Expedia Group during the first quarter worth about $28,000. Atlas Capital Advisors Inc. purchased a new position in shares of Expedia Group in the 1st quarter worth about $28,000. GFG Capital LLC acquired a new position in shares of Expedia Group in the 2nd quarter valued at about $29,000. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Expedia Group in the 2nd quarter valued at about $31,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Trading Up 17.5%

NASDAQ EXPE opened at $258.25 on Friday. The stock has a market cap of $31.95 billion, a P/E ratio of 31.65, a PEG ratio of 1.15 and a beta of 1.58. The company’s fifty day simple moving average is $219.50 and its 200-day simple moving average is $192.05. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. Expedia Group, Inc. has a 52 week low of $130.01 and a 52 week high of $264.20.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.10 by $0.47. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the previous year, the firm posted $6.13 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. Expedia Group has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 19th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $1.60 annualized dividend and a dividend yield of 0.6%. Expedia Group’s payout ratio is 15.31%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EXPE shares. BTIG Research raised their price target on shares of Expedia Group from $250.00 to $275.00 and gave the company a “buy” rating in a report on Thursday. Rothschild & Co Redburn boosted their price objective on shares of Expedia Group from $290.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday. Sanford C. Bernstein set a $210.00 target price on shares of Expedia Group in a research note on Monday, August 11th. Piper Sandler upgraded shares of Expedia Group from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $190.00 to $250.00 in a report on Friday. Finally, Susquehanna upped their price target on shares of Expedia Group from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, August 11th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and twenty-three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $244.03.

Insider Activity at Expedia Group

In related news, insider Robert J. Dzielak sold 3,306 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $200.84, for a total value of $663,977.04. Following the completion of the transaction, the insider owned 77,075 shares of the company’s stock, valued at approximately $15,479,743. This represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 shares were sold at an average price of $207.78, for a total value of $623,340.00. Following the sale, 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 9,816 shares of company stock valued at $2,009,132. Insiders own 9.13% of the company’s stock.

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.