Procyon Advisors LLC Has $3.44 Million Stock Holdings in Expedia Group, Inc. $EXPE

Procyon Advisors LLC increased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 24.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,878 shares of the online travel company’s stock after purchasing 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 filing with the SEC.

Several other hedge funds have also recently bought and sold shares of EXPE. RHS Financial LLC boosted its holdings in shares of Expedia Group by 4.0% in the fourth quarter. RHS Financial LLC now owns 1,030 shares of the online travel company’s stock valued at $292,000 after buying an additional 40 shares during the period. Petredis Investment Advisors LLC raised its holdings 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 worth $301,000 after acquiring an additional 40 shares during the period. Geneos Wealth Management Inc. lifted its position in Expedia Group by 8.2% in the 4th 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 in the last quarter. Harbor Investment Advisory LLC lifted its position in Expedia Group by 16.0% in the 4th 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 in the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in Expedia Group by 78.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after purchasing an additional 44 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Expedia Group

In other news, insider Robert J. Dzielak sold 4,702 shares of Expedia Group stock in a transaction dated 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. This trade represents a 4.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Lance A. Soliday sold 940 shares of Expedia Group stock in a transaction dated 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 transaction, the chief accounting officer directly owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. This trade represents a 6.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EXPE. Morgan Stanley increased their target price on Expedia Group from $270.00 to $290.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Citigroup reaffirmed a “neutral” rating on shares of Expedia Group in a research report on Monday, May 18th. Dbs Bank upgraded Expedia Group from a “hold” rating to a “moderate buy” rating in a report on Monday, May 11th. DA Davidson dropped their target price on Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Finally, Jefferies Financial Group upgraded Expedia Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $240.00 to $300.00 in a research note on Monday, March 30th. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $286.27.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $265.63 on Tuesday. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a 50 day moving average price of $238.37 and a 200 day moving average price of $245.01. The stock has a market capitalization of $32.55 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 0.71 and a beta of 1.23. Expedia Group, Inc. has a 52 week low of $174.05 and a 52 week high of $303.80.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results 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. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the firm earned $0.40 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. Analysts predict that Expedia Group, Inc. will post 16.98 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

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

Expedia Group 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.