Procyon Advisors LLC Boosts Position in Expedia Group, Inc. $EXPE

Procyon Advisors LLC boosted its position in Expedia Group, Inc. (NASDAQ:EXPE) by 68.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,539 shares of the online travel company’s stock after purchasing an additional 3,886 shares during the period. Procyon Advisors LLC’s holdings in Expedia Group were worth $2,039,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Expedia Group by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 15,304,305 shares of the online travel company’s stock valued at $2,581,530,000 after purchasing an additional 102,494 shares during the last quarter. Norges Bank bought a new stake in Expedia Group during the second quarter valued at approximately $663,882,000. Geode Capital Management LLC increased its holdings in Expedia Group by 1.7% during the second quarter. Geode Capital Management LLC now owns 3,414,935 shares of the online travel company’s stock valued at $574,364,000 after buying an additional 58,244 shares during the last quarter. AQR Capital Management LLC raised its position in Expedia Group by 102.0% in the second quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock worth $492,152,000 after acquiring an additional 1,473,386 shares during the period. Finally, Alkeon Capital Management LLC raised its position in Expedia Group by 4.2% in the second quarter. Alkeon Capital Management LLC now owns 2,475,276 shares of the online travel company’s stock worth $417,530,000 after acquiring an additional 100,000 shares during the period. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Stock Performance

NASDAQ EXPE opened at $294.28 on Friday. The firm has a market cap of $36.06 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 1.05 and a beta of 1.43. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.72. The business has a 50-day moving average price of $273.73 and a 200-day moving average price of $229.12. Expedia Group, Inc. has a twelve month low of $130.01 and a twelve month high of $303.80.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, November 6th. The online travel company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.10 by $0.47. Expedia Group had a return on equity of 64.15% and a net margin of 9.66%.The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter last year, the company earned $6.13 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Wednesday, November 19th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, November 19th. This represents a $1.60 annualized dividend and a dividend yield of 0.5%. Expedia Group’s dividend payout ratio (DPR) is presently 15.31%.

Wall Street Analysts Forecast Growth

EXPE has been the subject of a number of recent research reports. Cantor Fitzgerald boosted their price objective on shares of Expedia Group from $220.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Barclays boosted their price target on Expedia Group from $197.00 to $220.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. The Goldman Sachs Group raised their price objective on Expedia Group from $253.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. BNP Paribas Exane started coverage on Expedia Group in a research report on Monday, November 24th. They set a “neutral” rating on the stock. Finally, Jefferies Financial Group increased their target price on shares of Expedia Group from $270.00 to $285.00 and gave the stock a “hold” rating in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and twenty-four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $288.16.

Insider Transactions at Expedia Group

In related news, Director Craig A. Jacobson sold 3,000 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $271.55, for a total transaction of $814,650.00. Following the completion of the transaction, the director owned 30,858 shares in the company, valued at approximately $8,379,489.90. This represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Lance A. Soliday sold 849 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $248.08, for a total transaction of $210,619.92. Following the transaction, the chief accounting officer directly owned 11,662 shares of the company’s stock, valued at $2,893,108.96. The trade was a 6.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 4,849 shares of company stock valued at $1,283,270. 9.13% of the stock is currently owned by corporate 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.