1248 Management LLC Purchases Shares of 480 Expedia Group, Inc. $EXPE

1248 Management LLC purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE) during the 1st quarter, Holdings Channel.com reports. The fund purchased 480 shares of the online travel company’s stock, valued at approximately $81,000.

Other hedge funds also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. purchased a new position in Expedia Group in the first quarter valued at approximately $28,000. Atlas Capital Advisors Inc. purchased a new position in shares of Expedia Group during the first quarter worth approximately $28,000. Park Square Financial Group LLC purchased a new position in shares of Expedia Group during the first quarter worth approximately $34,000. Zions Bancorporation National Association UT purchased a new position in shares of Expedia Group during the first quarter worth approximately $36,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Expedia Group during the first quarter worth approximately $46,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Lance A. Soliday sold 852 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $205.88, for a total value of $175,409.76. Following the completion of the transaction, the chief accounting officer owned 12,036 shares in the company, valued at $2,477,971.68. This trade represents a 6.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert J. Dzielak sold 3,306 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were 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 position. The disclosure for this sale can be found here. Insiders sold a total of 9,816 shares of company stock worth $2,009,132 over the last 90 days. 9.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXPE. Bank of America raised their target price on shares of Expedia Group from $211.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. BTIG Research restated a “buy” rating and set a $250.00 target price on shares of Expedia Group in a research report on Tuesday. Wells Fargo & Company restated a “positive” rating on shares of Expedia Group in a research report on Friday, August 8th. Wedbush increased their price target on Expedia Group from $175.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Finally, Benchmark increased their price target on Expedia Group from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Expedia Group has an average rating of “Hold” and an average price target of $205.63.

Expedia Group Price Performance

Expedia Group stock opened at $221.36 on Friday. Expedia Group, Inc. has a one year low of $129.95 and a one year high of $222.10. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The business has a fifty day moving average of $196.85 and a two-hundred day moving average of $176.76. The company has a market cap of $27.39 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 1.13 and a beta of 1.57.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, beating analysts’ consensus estimates of $4.13 by $0.11. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter last year, the company earned $3.51 earnings per share. Expedia Group’s quarterly revenue was up 6.4% compared to the same quarter last year. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. Expedia Group’s dividend payout ratio (DPR) is 19.61%.

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.