Railway Pension Investments Ltd Buys 2,959 Shares of Expedia Group, Inc. $EXPE

Railway Pension Investments Ltd grew its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 268,659 shares of the online travel company’s stock after purchasing an additional 2,959 shares during the period. Railway Pension Investments Ltd owned about 0.22% of Expedia Group worth $68,744,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Mexico Educational Retirement Board lifted its stake in Expedia Group by 5.5% in the second quarter. New Mexico Educational Retirement Board now owns 5,778 shares of the online travel company’s stock worth $1,478,000 after purchasing an additional 300 shares during the last quarter. Mufg Securities Americas Inc. lifted its stake in shares of Expedia Group by 6.5% in the 2nd quarter. Mufg Securities Americas Inc. now owns 3,449 shares of the online travel company’s stock valued at $883,000 after acquiring an additional 211 shares during the last quarter. Field & Main Bank purchased a new stake in Expedia Group during the 2nd quarter valued at about $397,000. Wellington Management Group LLP grew its position in Expedia Group by 67.7% during the 2nd quarter. Wellington Management Group LLP now owns 780,140 shares of the online travel company’s stock worth $199,622,000 after acquiring an additional 314,984 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Expedia Group in the 2nd quarter worth approximately $18,126,000. Institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on EXPE. Citic Securities decreased their target price on shares of Expedia Group from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. UBS Group increased their price objective on Expedia Group from $322.00 to $351.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Benchmark upped their target price on Expedia Group from $290.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Gordon Haskett reduced their price objective on shares of Expedia Group from $320.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Finally, Truist Financial lifted their target price on shares of Expedia Group from $246.00 to $309.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Eighteen investment analysts have rated the stock with a Buy rating and twenty-one have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $317.45.

Insider Activity

In related news, CAO Lance A. Soliday sold 2,810 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total transaction of $909,456.50. Following the transaction, the chief accounting officer directly owned 12,006 shares of the company’s stock, valued at $3,885,741.90. This represents a 18.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert J. Dzielak sold 1,004 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $335.00, for a total transaction of $336,340.00. Following the transaction, the insider directly owned 104,331 shares of the company’s stock, valued at $34,950,885. This represents a 0.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 16,652 shares of company stock worth $4,977,561. Corporate insiders own 5.20% of the company’s stock.

Expedia Group Stock Down 3.7%

EXPE opened at $317.12 on Tuesday. The stock has a market capitalization of $38.06 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 0.81 and a beta of 1.22. Expedia Group, Inc. has a twelve month low of $185.34 and a twelve month high of $342.00. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21. The firm has a 50 day moving average price of $291.00 and a 200-day moving average price of $251.82.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, beating analysts’ consensus estimates of $5.22 by $0.54. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.24 EPS. Equities research analysts forecast that Expedia Group, Inc. will post 17.15 earnings per share for the current 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 given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 27th. Expedia Group’s dividend payout ratio is presently 11.97%.

Expedia Group 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.