Expedia Group, Inc. $EXPE Shares Sold by Comerica Bank

Comerica Bank lowered its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 10.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,703 shares of the online travel company’s stock after selling 3,221 shares during the period. Comerica Bank’s holdings in Expedia Group were worth $4,825,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Quantitative Investment Management LLC acquired a new position in Expedia Group in the first quarter worth approximately $1,558,000. Jump Financial LLC boosted its stake in shares of Expedia Group by 1,322.8% during the 1st quarter. Jump Financial LLC now owns 39,996 shares of the online travel company’s stock worth $6,723,000 after acquiring an additional 37,185 shares in the last quarter. SVB Wealth LLC boosted its stake in shares of Expedia Group by 3.6% during the 1st quarter. SVB Wealth LLC now owns 2,408 shares of the online travel company’s stock worth $405,000 after acquiring an additional 84 shares in the last quarter. Allstate Corp grew its holdings in shares of Expedia Group by 4.2% in the 1st quarter. Allstate Corp now owns 3,844 shares of the online travel company’s stock worth $646,000 after acquiring an additional 156 shares during the last quarter. Finally, Gitterman Wealth Management LLC acquired a new stake in shares of Expedia Group during the first quarter worth $297,000. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EXPE shares. Morgan Stanley increased their price target on Expedia Group from $150.00 to $165.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. BTIG Research set a $250.00 target price on shares of Expedia Group and gave the stock a “buy” rating in a report on Friday, August 8th. Barclays lifted their target price on shares of Expedia Group from $190.00 to $197.00 and gave the stock an “equal weight” rating in a research report on Friday, August 8th. Piper Sandler upped their price target on shares of Expedia Group from $135.00 to $190.00 and gave the company an “underweight” rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company reiterated a “positive” rating on shares of Expedia Group in a research report on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expedia Group presently has a consensus rating of “Hold” and a consensus target price of $205.63.

Expedia Group Stock Performance

Shares of EXPE opened at $214.80 on Friday. The company has a market capitalization of $26.58 billion, a PE ratio of 26.32, a PEG ratio of 1.10 and a beta of 1.61. 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 company’s 50 day moving average price is $188.57 and its 200 day moving average price is $175.94. Expedia Group, Inc. has a 52 week low of $126.46 and a 52 week high of $216.60.

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

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, August 28th will be given a dividend of $0.40 per share. 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 presently 19.61%.

Insider Buying and Selling at Expedia Group

In other news, Director Craig A. Jacobson sold 3,000 shares of Expedia Group stock in a transaction dated 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 directly owned 33,858 shares in the company, valued at $7,035,015.24. The trade was a 8.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lance A. Soliday sold 852 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,477,971.68. The trade was a 6.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 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.

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.