Securian Asset Management Inc. reduced its position in Expedia Group, Inc. (NASDAQ:EXPE – Free Report) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,225 shares of the online travel company’s stock after selling 300 shares during the period. Securian Asset Management Inc.’s holdings in Expedia Group were worth $1,050,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in EXPE. Nuveen LLC purchased a new position in shares of Expedia Group in the first quarter worth approximately $227,174,000. Los Angeles Capital Management LLC increased its position in shares of Expedia Group by 3,369.4% in the first quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company’s stock worth $172,995,000 after acquiring an additional 999,454 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Expedia Group by 174.0% in the first quarter. AQR Capital Management LLC now owns 1,444,283 shares of the online travel company’s stock worth $235,592,000 after acquiring an additional 917,192 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Expedia Group in the first quarter worth approximately $82,975,000. Finally, Alkeon Capital Management LLC increased its position in shares of Expedia Group by 20.2% in the first quarter. Alkeon Capital Management LLC now owns 2,375,276 shares of the online travel company’s stock worth $399,284,000 after acquiring an additional 398,804 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.
Expedia Group Stock Performance
EXPE stock opened at $215.65 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $26.68 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 1.18 and a beta of 1.56. Expedia Group, Inc. has a 12 month low of $130.01 and a 12 month high of $240.98. The firm has a 50 day moving average of $216.91 and a two-hundred day moving average of $186.26.
Expedia Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th were given a $0.40 dividend. 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 news, CAO Lance A. Soliday sold 852 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $205.88, for a total value of $175,409.76. Following the completion of the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $2,477,971.68. The trade was a 6.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig A. Jacobson sold 3,000 shares of the business’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 completion of the sale, the director owned 33,858 shares of the company’s stock, valued at $7,035,015.24. The trade was a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,816 shares of company stock valued at $2,009,132 over the last ninety days. Corporate insiders own 9.13% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently weighed in on EXPE. Bank of America lifted 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. TD Cowen raised their price target on shares of Expedia Group from $205.00 to $220.00 and gave the stock a “hold” rating in a report on Tuesday. Wells Fargo & Company raised their price target on shares of Expedia Group from $211.00 to $212.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th. Barclays raised their price target on shares of Expedia Group from $190.00 to $197.00 and gave the stock an “equal weight” rating in a report on Friday, August 8th. Finally, Citigroup raised their price target on shares of Expedia Group from $177.00 to $206.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty-two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and a consensus target price of $211.89.
Read Our Latest Analysis on Expedia Group
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.
Read More
- Five stocks we like better than Expedia Group
- Consumer Discretionary Stocks Explained
- Warner Bros. Bidding War Potential: How High Could WBD Shares Go?
- The 3 Best Blue-Chip Stocks to Buy Now
- Analysts Eye 30% Upside in Netflix After Q3 Earnings Crash
- Consumer Staples Stocks, Explained
- O’Reilly Automotive’s Stock Price Uptrend Will Continue in 2026
Receive News & Ratings for Expedia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Group and related companies with MarketBeat.com's FREE daily email newsletter.
