Procyon Advisors LLC Acquires 2,451 Shares of Expedia Group, Inc. $EXPE

Procyon Advisors LLC boosted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 25.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,990 shares of the online travel company’s stock after buying an additional 2,451 shares during the quarter. Procyon Advisors LLC’s holdings in Expedia Group were worth $3,397,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Grey Fox Wealth Advisors LLC acquired a new position in shares of Expedia Group during the 3rd quarter valued at about $30,000. Rossby Financial LCC lifted its holdings in Expedia Group by 103.8% in the 3rd quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock worth $35,000 after purchasing an additional 82 shares during the last quarter. SOA Wealth Advisors LLC. bought a new stake in Expedia Group during the third quarter worth approximately $36,000. Armstrong Advisory Group Inc. boosted its position in Expedia Group by 212.7% during the third quarter. Armstrong Advisory Group Inc. now owns 172 shares of the online travel company’s stock worth $37,000 after purchasing an additional 117 shares during the period. Finally, Sunbelt Securities Inc. grew its holdings in Expedia Group by 970.6% during the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock valued at $39,000 after purchasing an additional 165 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EXPE shares. Wells Fargo & Company reduced their price objective on shares of Expedia Group from $329.00 to $315.00 and set an “equal weight” rating for the company in a research note on Friday, February 13th. Benchmark lowered their target price on shares of Expedia Group from $310.00 to $290.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. BMO Capital Markets lifted their target price on shares of Expedia Group from $250.00 to $255.00 and gave the stock a “market perform” rating in a report on Friday, February 13th. Bank of America upped their price target on shares of Expedia Group from $303.00 to $306.00 and gave the company a “buy” rating in a report on Friday, February 13th. Finally, Sanford C. Bernstein lowered their price target on Expedia Group from $256.00 to $253.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 11th. Thirteen analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $281.65.

Expedia Group Price Performance

Shares of Expedia Group stock opened at $235.18 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $28.82 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 0.73 and a beta of 1.41. The firm has a fifty day moving average price of $241.81 and a two-hundred day moving average price of $243.99. Expedia Group, Inc. has a fifty-two week low of $130.01 and a fifty-two week high of $303.80.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 12th. The online travel company reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.46. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.41 billion. During the same quarter in the prior year, the business earned $2.39 earnings per share. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. Analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.48 per share. This is a boost from Expedia Group’s previous quarterly dividend of $0.40. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, March 5th. Expedia Group’s dividend payout ratio (DPR) is presently 19.49%.

Insider Activity

In related news, insider Robert J. Dzielak sold 8,225 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $220.82, for a total value of $1,816,244.50. Following the completion of the transaction, the insider directly owned 102,480 shares in the company, valued at approximately $22,629,633.60. This represents a 7.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 9.13% of the company’s stock.

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.