Ritholtz Wealth Management Raises Stock Position in Expedia Group, Inc. $EXPE

Ritholtz Wealth Management grew its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 35.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,425 shares of the online travel company’s stock after buying an additional 3,549 shares during the period. Ritholtz Wealth Management’s holdings in Expedia Group were worth $2,264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in EXPE. Nuveen LLC purchased a new position in shares of Expedia Group in the 1st quarter worth $227,174,000. Los Angeles Capital Management LLC lifted its holdings in Expedia Group by 3,369.4% during 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 buying an additional 999,454 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Expedia Group by 174.0% during 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 buying an additional 917,192 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Expedia Group during the 1st quarter valued at about $82,975,000. Finally, Alkeon Capital Management LLC lifted its holdings 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 valued at $399,284,000 after buying an additional 398,804 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Citigroup boosted 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. BTIG Research reiterated a “buy” rating and set a $250.00 price objective on shares of Expedia Group in a research note on Tuesday. DA Davidson boosted their price objective on shares of Expedia Group from $174.00 to $218.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price objective on shares of Expedia Group in a research note on Wednesday, July 23rd. Finally, Morgan Stanley boosted their price objective on shares of Expedia Group from $150.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $209.00.

Expedia Group Stock Down 2.2%

NASDAQ:EXPE opened at $213.57 on Friday. The company has a market cap of $26.42 billion, a PE ratio of 26.17, a P/E/G ratio of 1.14 and a beta of 1.56. Expedia Group, Inc. has a twelve month low of $130.01 and a twelve 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’s 50 day moving average is $215.05 and its two-hundred day moving average is $183.98.

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, topping the consensus estimate of $4.13 by $0.11. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.70 billion. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. Expedia Group’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.51 EPS. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 28th. Expedia Group’s payout ratio is currently 19.61%.

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 shares were sold at an average price of $205.88, for a total transaction of $175,409.76. Following the sale, the chief accounting officer owned 12,036 shares of the company’s stock, valued at approximately $2,477,971.68. The trade was a 6.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $623,340.00. Following the sale, the director directly owned 33,858 shares in the company, valued at approximately $7,035,015.24. This represents a 8.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have 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.