76,541 Shares in Expedia Group, Inc. $EXPE Bought by Great Lakes Advisors LLC

Great Lakes Advisors LLC bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the second quarter, HoldingsChannel.com reports. The firm bought 76,541 shares of the online travel company’s stock, valued at approximately $19,585,000.

Several other large investors also recently bought and sold shares of EXPE. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Expedia Group in the second quarter valued at $204,000. Plato Investment Management Ltd purchased a new stake in shares of Expedia Group in the 2nd quarter worth about $2,562,000. Bank of New York Mellon Corp acquired a new stake in Expedia Group in the 2nd quarter valued at about $166,203,000. S&CO Inc. acquired a new stake in Expedia Group in the 2nd quarter valued at about $4,167,000. Finally, Regent Peak Wealth Advisors LLC increased its holdings in Expedia Group by 5.0% during the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 1,146 shares of the online travel company’s stock valued at $293,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insiders Place Their Bets

In related news, Director Craig A. Jacobson sold 3,133 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total value of $1,029,253.16. Following the completion of the sale, the director directly owned 29,832 shares in the company, valued at approximately $9,800,408.64. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 940 shares of the business’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 transaction of $208,548.40. Following the completion of the sale, the chief accounting officer owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 13,778 shares of company stock valued at $3,940,313. Insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

EXPE has been the topic of several recent research reports. Wall Street Zen downgraded shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Argus lifted their price objective on Expedia Group from $270.00 to $315.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Truist Financial upped their target price on Expedia Group from $246.00 to $309.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Wedbush reiterated an “outperform” rating and set a $334.00 target price on shares of Expedia Group in a report on Thursday, August 6th. Finally, Citigroup reissued a “neutral” rating on shares of Expedia Group in a research report on Wednesday, August 12th. Seventeen equities research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $311.76.

Expedia Group Trading Up 0.9%

Shares of EXPE opened at $321.42 on Wednesday. The stock has a fifty day moving average of $274.21 and a two-hundred day moving average of $246.77. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $38.58 billion, a PE ratio of 20.04, a price-to-earnings-growth 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 $335.00.

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

Expedia Group Announces Dividend

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

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.