VIRGINIA RETIREMENT SYSTEMS ET Al Invests $22.77 Million in Expedia Group, Inc. $EXPE

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 89,000 shares of the online travel company’s stock, valued at approximately $22,773,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.07% of Expedia Group as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Motiv8 Investments LLC bought a new position in Expedia Group in the 4th quarter worth about $25,000. Entrust Financial LLC bought a new stake in shares of Expedia Group during the 4th quarter valued at about $26,000. First Bancorp Inc ME bought a new stake in shares of Expedia Group during the 2nd quarter valued at about $28,000. Sunbelt Securities Inc. grew its holdings in shares of Expedia Group by 970.6% during the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock worth $39,000 after purchasing an additional 165 shares in the last quarter. Finally, Elevation Wealth Partners LLC grew its holdings in shares of Expedia Group by 272.9% during the second quarter. Elevation Wealth Partners LLC now owns 179 shares of the online travel company’s stock worth $46,000 after purchasing an additional 131 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EXPE. Jefferies Financial Group raised their target price on shares of Expedia Group from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Evercore set a $430.00 price target on shares of Expedia Group in a research note on Monday, August 24th. Benchmark increased their price target on shares of Expedia Group from $290.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Citic Securities decreased their price target on shares of Expedia Group from $337.00 to $320.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Finally, Susquehanna raised 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. Eighteen equities research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $318.71.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $298.04 on Tuesday. The stock’s 50-day moving average is $295.50 and its 200 day moving average is $254.81. The stock has a market cap of $35.77 billion, a price-to-earnings ratio of 18.58, a P/E/G ratio of 0.73 and a beta of 1.25. Expedia Group, Inc. has a 1-year low of $185.34 and a 1-year high of $342.00. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $4.17 billion. During the same quarter in the prior year, the firm earned $4.24 earnings per share. Expedia Group’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, sell-side analysts anticipate that Expedia Group, Inc. will post 17.15 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th will be paid a $0.48 dividend. The ex-dividend date of this dividend 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 11.97%.

Insider Activity

In related news, insider Robert Dzielak sold 1,004 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $335.00, for a total transaction of $336,340.00. Following the transaction, the insider owned 104,331 shares of the company’s stock, valued at approximately $34,950,885. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Craig Jacobson sold 3,133 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the transaction, the director directly owned 29,832 shares in the company, valued at approximately $9,800,408.64. This represents a 9.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 11,950 shares of company stock valued at $3,881,995. Corporate insiders own 5.20% of the company’s stock.

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.