S&CO Inc. Acquires New Position in Expedia Group, Inc. $EXPE

S&CO Inc. bought a new position in Expedia Group, Inc. (NASDAQ:EXPE) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,285 shares of the online travel company’s stock, valued at approximately $4,167,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC boosted its position in shares of Expedia Group by 5.0% in the second quarter. Regent Peak Wealth Advisors LLC now owns 1,146 shares of the online travel company’s stock worth $293,000 after purchasing an additional 55 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Expedia Group by 27.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 156,440 shares of the online travel company’s stock valued at $40,030,000 after purchasing an additional 33,641 shares during the period. Tema ETFs LLC lifted its stake in shares of Expedia Group by 7.3% during the 2nd quarter. Tema ETFs LLC now owns 2,132 shares of the online travel company’s stock valued at $546,000 after buying an additional 145 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Expedia Group by 53.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 53,120 shares of the online travel company’s stock valued at $13,592,000 after buying an additional 18,582 shares in the last quarter. Finally, Carolina Wealth Advisors LLC boosted its holdings in Expedia Group by 1.5% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 6,945 shares of the online travel company’s stock worth $1,777,000 after buying an additional 100 shares during the period. Institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on EXPE. DA Davidson decreased their price target on Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Evercore reaffirmed an “outperform” rating on shares of Expedia Group in a research note on Thursday, August 6th. B. Riley Financial increased their target price on Expedia Group from $350.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Truist Financial lifted their target price on Expedia Group from $246.00 to $309.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Expedia Group in a report on Friday, August 7th. Seventeen analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. According to data from MarketBeat, Expedia Group presently has a consensus rating of “Hold” and a consensus target price of $311.76.

Expedia Group Stock Up 1.3%

Shares of EXPE stock opened at $332.69 on Friday. The company’s fifty day simple moving average is $270.55 and its two-hundred day simple moving average is $246.18. Expedia Group, Inc. has a 52 week low of $185.34 and a 52 week high of $333.24. The stock has a market cap of $39.93 billion, a P/E ratio of 20.74, a PEG 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 (NASDAQ:EXPE) last issued its quarterly earnings data on Wednesday, August 5th. The online travel company reported $5.76 earnings per share for the quarter, beating 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 firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.17 billion. During the same quarter last year, the business posted $4.24 earnings per share. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. Analysts predict that Expedia Group, Inc. will post 17.15 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, August 27th. Expedia Group’s dividend payout ratio (DPR) is currently 11.97%.

Insider Activity at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of Expedia Group stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total value of $208,548.40. Following the sale, the chief accounting officer owned 14,083 shares of the company’s stock, valued at $3,124,454.38. The trade was a 6.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert J. Dzielak sold 4,702 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $233.00, for a total value of $1,095,566.00. Following the sale, the insider directly owned 105,448 shares in the company, valued at $24,569,384. This trade represents a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,645 shares of company stock valued at $2,250,059 in the last 90 days. 5.20% of the stock is currently owned by company insiders.

About Expedia Group

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.