Marco Investment Management LLC grew its holdings in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,044 shares of the online travel company’s stock after purchasing an additional 412 shares during the period. Marco Investment Management LLC’s holdings in Expedia Group were worth $3,718,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of EXPE. Spire Wealth Management raised its position in Expedia Group by 114.3% during the second quarter. Spire Wealth Management now owns 150 shares of the online travel company’s stock valued at $25,000 after buying an additional 80 shares during the period. McClarren Financial Advisors Inc. purchased a new position in Expedia Group during the 1st quarter valued at about $28,000. Atlas Capital Advisors Inc. acquired a new position in shares of Expedia Group in the 1st quarter valued at about $28,000. GFG Capital LLC acquired a new position in shares of Expedia Group in the 2nd quarter valued at about $29,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of Expedia Group in the second quarter worth approximately $31,000. Institutional investors and hedge funds own 90.76% of the company’s stock.
Insider Activity
In other news, insider Robert J. Dzielak sold 3,306 shares of Expedia Group stock in a transaction that occurred 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 transaction, the insider owned 77,075 shares of the company’s stock, valued at $15,479,743. This trade represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $7,035,015.24. This represents a 8.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,816 shares of company stock valued at $2,009,132 over the last 90 days. 9.13% of the stock is currently owned by company insiders.
Expedia Group Trading Up 17.5%
Expedia Group (NASDAQ:EXPE – Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.10 by $0.47. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the company posted $6.13 EPS. The firm’s revenue was up 8.7% on a year-over-year basis. Expedia Group has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.
Expedia Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 19th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.6%. The ex-dividend date is Wednesday, November 19th. Expedia Group’s dividend payout ratio (DPR) is 15.31%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on EXPE. Morgan Stanley boosted their price objective on shares of Expedia Group from $150.00 to $165.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. Wells Fargo & Company boosted their price target on shares of Expedia Group from $212.00 to $272.00 and gave the company an “equal weight” rating in a report on Friday. Robert W. Baird upped their price target on shares of Expedia Group from $240.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday. Evercore ISI increased their price objective on Expedia Group from $280.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday. Finally, KeyCorp initiated coverage on Expedia Group in a research report on Wednesday, October 22nd. They set a “sector weight” rating for the company. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and twenty-three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $244.03.
Check Out Our Latest Stock Analysis on Expedia Group
Expedia Group 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.
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