Procyon Advisors LLC Acquires 2,888 Shares of Expedia Group, Inc. $EXPE

Procyon Advisors LLC increased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 24.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,878 shares of the online travel company’s stock after acquiring an additional 2,888 shares during the quarter. Procyon Advisors LLC’s holdings in Expedia Group were worth $3,435,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in shares of Expedia Group in the fourth quarter valued at $408,000. NewEdge Advisors LLC boosted its holdings in shares of Expedia Group by 5.0% during the 1st quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock worth $917,000 after buying an additional 259 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Expedia Group during the 2nd quarter worth about $596,000. Daiwa Securities Group Inc. grew its stake in Expedia Group by 6.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 21,265 shares of the online travel company’s stock valued at $3,587,000 after buying an additional 1,290 shares during the last quarter. Finally, AXA S.A. grew its stake in Expedia Group by 5.9% in the 2nd quarter. AXA S.A. now owns 11,042 shares of the online travel company’s stock valued at $1,863,000 after buying an additional 615 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Insider Buying and Selling

In related news, CAO Lance A. Soliday sold 940 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total value of $208,548.40. Following the completion of the transaction, the chief accounting officer owned 14,083 shares of the company’s stock, valued at $3,124,454.38. This represents a 6.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $233.00, for a total transaction of $1,095,566.00. Following the completion of the sale, the insider owned 105,448 shares in the company, valued at $24,569,384. This represents a 4.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. B. Riley Financial cut their price objective on shares of Expedia Group from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, April 27th. BTIG Research reiterated a “buy” rating and set a $330.00 target price on shares of Expedia Group in a research note on Tuesday, June 9th. Jefferies Financial Group raised Expedia Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $240.00 to $300.00 in a report on Monday, March 30th. Citic Securities reduced their price target on Expedia Group from $337.00 to $320.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Finally, UBS Group decreased their price objective on Expedia Group from $266.00 to $262.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $286.27.

Expedia Group Trading Down 1.9%

Shares of EXPE stock opened at $265.63 on Tuesday. The stock’s fifty day moving average price is $238.37 and its two-hundred day moving average price is $245.01. The company has a market cap of $32.55 billion, a PE ratio of 23.38, a P/E/G ratio of 0.71 and a beta of 1.23. Expedia Group, Inc. has a fifty-two week low of $174.05 and a fifty-two week high of $303.80. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the firm earned $0.40 EPS. Expedia Group’s revenue was up 14.7% on a year-over-year basis. Equities analysts predict that Expedia Group, Inc. will post 16.98 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were issued a $0.48 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. Expedia Group’s dividend payout ratio is 16.90%.

Expedia Group Company 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.