M&G PLC bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 51,537 shares of the online travel company’s stock, valued at approximately $13,554,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaCore Capital LLC grew its holdings in Expedia Group by 138.9% during the third quarter. AlphaCore Capital LLC now owns 3,209 shares of the online travel company’s stock valued at $845,000 after purchasing an additional 1,866 shares during the period. Fulcrum Asset Management LLP raised its position in Expedia Group by 2,496.0% in the 3rd quarter. Fulcrum Asset Management LLP now owns 1,298 shares of the online travel company’s stock valued at $346,000 after buying an additional 1,248 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Expedia Group by 12.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 47,152 shares of the online travel company’s stock worth $12,385,000 after purchasing an additional 5,363 shares in the last quarter. Hohimer Wealth Management LLC grew its position in Expedia Group by 34.9% in the third quarter. Hohimer Wealth Management LLC now owns 23,183 shares of the online travel company’s stock valued at $6,105,000 after purchasing an additional 6,001 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. boosted its position in Expedia Group by 18.0% during the third quarter. University of Texas Texas AM Investment Management Co. now owns 453 shares of the online travel company’s stock valued at $119,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.
Key Expedia Group News
Here are the key news stories impacting Expedia Group this week:
- Positive Sentiment: Expedia’s recent $676 million in deals points to increased business-to-business activity, which may support growth beyond its consumer booking business. Expedia’s $676 Million in Deals Points to More B2B Buying
- Positive Sentiment: Jefferies maintained a Buy rating despite lowering its price target to $325 from $350, suggesting the analyst still sees upside. Jefferies Financial Group stock recommendations
- Neutral Sentiment: Expedia has launched its Muse offering, though its AI capabilities are currently focused within its own apps; the report highlights that its AI gains remain internal rather than broadly distributed. Expedia Goes Live on Muse, but Its AI Wins Are Inside Its Own Apps
- Neutral Sentiment: A report notes Expedia pays out only 11% of profits as dividends and directs substantial capital to buybacks, but it does not announce a dividend increase. Expedia Uses Just 11% of Its Profits for Dividends
- Negative Sentiment: Online travel agency shares declined after OpenAI acquired travel startup Odessia, raising concern that AI-enabled trip planning and booking could challenge established platforms such as Expedia. Online Travel Agencies’ Shares Drop Following OpenAI Acquisition of Travel Startup Odessia
Analyst Ratings Changes
EXPE has been the subject of several analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $320.00 target price on shares of Expedia Group in a research note on Thursday, November 5th. Piper Sandler reiterated a “neutral” rating and issued a $335.00 price target (up from $325.00) on shares of Expedia Group in a research note on Thursday, November 5th. JPMorgan Chase & Co. lowered their price objective on shares of Expedia Group from $330.00 to $315.00 and set a “neutral” rating on the stock in a research note on Thursday, November 5th. Evercore reaffirmed an “outperform” rating on shares of Expedia Group in a report on Thursday, November 5th. Finally, Wall Street Zen cut shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Saturday. Fifteen equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $316.45.
Check Out Our Latest Report on EXPE
Insider Transactions at Expedia Group
In other news, insider Robert Dzielak sold 1,004 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $335.00, for a total value of $336,340.00. Following the transaction, the insider owned 104,331 shares of the company’s stock, valued at approximately $34,950,885. This represents a 0.95% 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 this link. Also, Director Craig Jacobson sold 3,133 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $328.52, for a total value of $1,029,253.16. Following the transaction, the director owned 29,832 shares in the company, valued at approximately $9,800,408.64. This trade represents a 9.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,947 shares of company stock worth $2,936,050 over the last quarter. Company insiders own 5.20% of the company’s stock.
Expedia Group Price Performance
NASDAQ:EXPE opened at $253.77 on Wednesday. Expedia Group, Inc. has a one year low of $185.34 and a one year high of $342.00. The company has a market cap of $30.46 billion, a P/E ratio of 14.41, a P/E/G ratio of 0.62 and a beta of 1.39. The firm’s fifty day moving average price is $279.13 and its two-hundred day moving average price is $259.28. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.77 and a quick ratio of 0.77.
Expedia Group (NASDAQ:EXPE – Get Free Report) last posted its earnings results on Wednesday, November 4th. The online travel company reported $9.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.85 by $0.54. The company had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Expedia Group had a net margin of 12.98% and a return on equity of 91.03%. Expedia Group’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $7.57 EPS. Equities analysts expect that Expedia Group, Inc. will post 17.37 earnings per share for the current year.
Expedia Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 18th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 18th. Expedia Group’s dividend payout ratio is currently 11.21%.
Expedia Group Company Profile
Expedia Group, Inc. is an online travel company that connects travelers with lodging, flights, rental cars, cruises, vacation packages and activities. Its consumer-facing brands include Expedia, Hotels.com and Vrbo, which specializes in vacation rentals. The company also provides travel technology and booking services to business partners. Founded in 1996 as a division of Microsoft, Expedia became an independent public company in 1999. It serves travelers and lodging partners in markets around the world through its websites and mobile apps.
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