Plato Investment Management Ltd Acquires Shares of 10,071 Expedia Group, Inc. $EXPE

Plato Investment Management Ltd purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the second quarter, Holdings Channel.com reports. The firm purchased 10,071 shares of the online travel company’s stock, valued at approximately $2,562,000.

A number of other hedge funds have also recently bought and sold shares of EXPE. Norges Bank purchased a new position in shares of Expedia Group during the 4th quarter valued at approximately $861,979,000. Wellington Management Group LLP raised its holdings in Expedia Group by 24,899.5% in the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after acquiring an additional 1,801,232 shares in the last quarter. AQR Capital Management LLC raised its holdings in Expedia Group by 25.0% in the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock valued at $779,275,000 after acquiring an additional 728,063 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Expedia Group during the 2nd quarter valued at $166,203,000. Finally, First Trust Advisors LP boosted its stake in Expedia Group by 104.1% during the 1st quarter. First Trust Advisors LP now owns 1,191,528 shares of the online travel company’s stock valued at $275,112,000 after acquiring an additional 607,698 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $332.69 on Monday. The company has a market cap of $39.93 billion, a PE ratio of 20.74, a P/E/G ratio of 0.81 and a beta of 1.22. Expedia Group, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $333.24. The firm has a 50-day simple moving average of $270.55 and a 200 day simple moving average of $246.01. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21.

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

Expedia Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EXPE shares. The Goldman Sachs Group set a $370.00 price objective on Expedia Group in a report on Thursday, August 6th. DA Davidson reduced their target price on Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Royal Bank Of Canada lifted their target price on Expedia Group from $290.00 to $330.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. TD Cowen boosted their price target on Expedia Group from $285.00 to $320.00 and gave the company a “hold” rating in a report on Friday, August 7th. Finally, Susquehanna upped their price target on Expedia Group from $250.00 to $315.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Seventeen equities research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the stock. According to MarketBeat, Expedia Group has an average rating of “Hold” and a consensus price target of $311.76.

Insider Activity

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the sale, the chief accounting officer owned 14,083 shares in the company, valued at approximately $3,124,454.38. This trade represents a 6.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert J. Dzielak sold 3,003 shares of Expedia Group stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $315.00, for a total value of $945,945.00. Following the sale, the insider directly owned 103,829 shares in the company, valued at approximately $32,706,135. This trade represents a 2.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 8,645 shares of company stock worth $2,250,059. 5.20% of the stock is currently owned by insiders.

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.