Burney Co. Has $27.51 Million Position in Expedia Group, Inc. $EXPE

Burney Co. increased its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 181.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,167 shares of the online travel company’s stock after purchasing an additional 76,861 shares during the period. Expedia Group accounts for 0.9% of Burney Co.’s portfolio, making the stock its 14th largest holding. Burney Co.’s holdings in Expedia Group were worth $27,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Orion Porfolio Solutions LLC increased its stake in shares of Expedia Group by 0.4% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 9,814 shares of the online travel company’s stock valued at $2,098,000 after buying an additional 38 shares during the period. RHS Financial LLC lifted its stake in shares of Expedia Group by 4.0% during the fourth quarter. RHS Financial LLC now owns 1,030 shares of the online travel company’s stock valued at $292,000 after acquiring an additional 40 shares during the period. Petredis Investment Advisors LLC lifted its stake in shares of Expedia Group by 3.2% during the first quarter. Petredis Investment Advisors LLC now owns 1,305 shares of the online travel company’s stock valued at $301,000 after acquiring an additional 40 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Expedia Group by 8.2% in the fourth quarter. Geneos Wealth Management Inc. now owns 567 shares of the online travel company’s stock valued at $161,000 after acquiring an additional 43 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its holdings in Expedia Group by 16.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 319 shares of the online travel company’s stock valued at $90,000 after acquiring an additional 44 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Buying and Selling at Expedia Group

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

Expedia Group Stock Performance

Shares of EXPE stock opened at $266.76 on Tuesday. The stock has a market cap of $32.69 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.23. The stock has a 50-day moving average of $236.11 and a 200-day moving average of $245.85. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a one year low of $174.05 and a one year high of $303.80.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.55. The business had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. Expedia Group’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 EPS. As a group, sell-side analysts expect that Expedia Group, Inc. will post 16.98 earnings per share for the current year.

Expedia Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EXPE shares. Susquehanna lifted their price objective on Expedia Group from $240.00 to $250.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Wells Fargo & Company cut their target price on shares of Expedia Group from $307.00 to $303.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 30th. Jefferies Financial Group raised shares of Expedia Group from a “hold” rating to a “buy” rating and raised their target price for the company from $240.00 to $300.00 in a research note on Monday, March 30th. Weiss Ratings cut shares of Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, UBS Group dropped their price target on shares of Expedia Group from $266.00 to $262.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $284.30.

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.