Silvant Capital Management LLC Acquires New Holdings in Expedia Group, Inc. $EXPE

Silvant Capital Management LLC acquired a new stake in Expedia Group, Inc. (NASDAQ:EXPE) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 23,675 shares of the online travel company’s stock, valued at approximately $6,707,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC bought a new position in shares of Expedia Group during the fourth quarter valued at $408,000. NewEdge Advisors LLC raised its stake in shares of Expedia Group by 5.0% during the first quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock valued at $917,000 after acquiring an additional 259 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Expedia Group during the second quarter valued at $596,000. Daiwa Securities Group Inc. raised its stake in shares of Expedia Group by 6.5% during the second quarter. Daiwa Securities Group Inc. now owns 21,265 shares of the online travel company’s stock valued at $3,587,000 after acquiring an additional 1,290 shares during the last quarter. Finally, AXA S.A. raised its stake in shares of Expedia Group by 5.9% during the second quarter. AXA S.A. now owns 11,042 shares of the online travel company’s stock valued at $1,863,000 after acquiring an additional 615 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Lance A. Soliday sold 940 shares of the business’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 transaction, the chief accounting officer owned 14,083 shares in the company, valued at $3,124,454.38. The trade was a 6.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was 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 of the company’s stock, valued at $24,569,384. The trade was a 4.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.20% of the stock is owned by insiders.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $236.98 on Tuesday. Expedia Group, Inc. has a twelve month low of $160.00 and a twelve month high of $303.80. The firm has a fifty day simple moving average of $234.20 and a 200 day simple moving average of $247.03. The company has a market capitalization of $29.04 billion, a PE ratio of 20.86, a P/E/G ratio of 0.59 and a beta of 1.25. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter last year, the firm earned $0.40 earnings per share. Expedia Group’s quarterly revenue was up 14.7% on a year-over-year basis. On average, sell-side analysts forecast that Expedia Group, Inc. will post 17.07 EPS for the current year.

Expedia Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th will be paid a $0.48 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. Expedia Group’s payout ratio is currently 16.90%.

Analyst Upgrades and Downgrades

EXPE has been the subject of several analyst reports. TD Cowen raised their price target on shares of Expedia Group from $260.00 to $285.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Robert W. Baird set a $290.00 price target on shares of Expedia Group in a research note on Friday, May 8th. Zacks Research downgraded shares of Expedia Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Gordon Haskett dropped their price target on shares of Expedia Group from $320.00 to $290.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Finally, Sanford C. Bernstein dropped their price target on shares of Expedia Group from $256.00 to $253.00 and set a “market perform” rating for the company in a research note on Wednesday, March 11th. Sixteen analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $284.42.

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.