S&CO Inc. Takes $4.17 Million Position in Expedia Group, Inc. $EXPE

S&CO Inc. purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the second quarter, HoldingsChannel reports. The fund purchased 16,285 shares of the online travel company’s stock, valued at approximately $4,167,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Windacre Partnership LLC raised its position in Expedia Group by 9.2% during the third quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company’s stock valued at $787,049,000 after purchasing an additional 309,900 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Expedia Group by 25.0% in the 3rd quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company’s stock worth $779,275,000 after purchasing an additional 728,063 shares during the period. Invesco Ltd. increased its position in shares of Expedia Group by 8.0% during the 3rd quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company’s stock valued at $667,507,000 after purchasing an additional 230,176 shares during the last quarter. Norges Bank bought a new position in shares of Expedia Group during the 4th quarter valued at approximately $861,979,000. Finally, Wellington Management Group LLP raised its holdings in Expedia Group by 24,899.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after buying an additional 1,801,232 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

Shares of Expedia Group stock opened at $332.69 on Friday. The stock’s fifty day moving average is $270.55 and its two-hundred day moving average is $246.18. The company has a market capitalization of $39.93 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 0.81 and a beta of 1.22. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21. Expedia Group, Inc. has a 52 week low of $185.34 and a 52 week high of $333.24.

Expedia Group (NASDAQ:EXPE) last released its 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. Expedia Group had a return on equity of 87.32% and a net margin of 12.97%.The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.17 billion. During the same quarter last year, the firm posted $4.24 earnings per share. The business’s revenue was up 14.0% compared to the same quarter last year. As a group, analysts expect that Expedia Group, Inc. will post 17.15 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, September 17th. Stockholders of record on Thursday, August 27th will be issued a $0.48 dividend. The ex-dividend date is Thursday, August 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.6%. Expedia Group’s dividend payout ratio is presently 11.97%.

Analysts Set New Price Targets

A number of analysts recently issued reports on EXPE shares. Bank of America restated a “buy” rating on shares of Expedia Group in a research report on Thursday, August 6th. Susquehanna boosted their price objective on shares of Expedia Group from $250.00 to $315.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Benchmark increased their target price on shares of Expedia Group from $290.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Robert W. Baird set a $335.00 target price on shares of Expedia Group in a report on Thursday, August 6th. Finally, Gordon Haskett cut their price target on shares of Expedia Group from $320.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $311.76.

Insider Activity

In related news, insider Robert J. Dzielak sold 4,702 shares of Expedia Group stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the completion of the sale, the insider owned 105,448 shares in the company, valued at $24,569,384. This trade represents a 4.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Lance A. Soliday sold 940 shares of the business’s stock in a transaction dated 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 directly owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This trade represents a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,645 shares of company stock worth $2,250,059 in the last ninety days. 5.20% of the stock is currently owned by insiders.

Expedia Group Company 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.