Stock Yards Bank & Trust Co. Trims Holdings in Expedia Group, Inc. $EXPE

Stock Yards Bank & Trust Co. lessened its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 5.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 181,199 shares of the online travel company’s stock after selling 11,287 shares during the period. Stock Yards Bank & Trust Co. owned about 0.14% of Expedia Group worth $30,565,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. McClarren Financial Advisors Inc. purchased a new position in shares of Expedia Group during the 1st quarter worth approximately $28,000. Atlas Capital Advisors Inc. purchased a new position in shares of Expedia Group during the 1st quarter worth approximately $28,000. Park Square Financial Group LLC purchased a new position in shares of Expedia Group during the 1st quarter worth approximately $34,000. Zions Bancorporation National Association UT purchased a new position in shares of Expedia Group during the 1st quarter worth approximately $36,000. Finally, First Pacific Financial grew its holdings in shares of Expedia Group by 60.0% during the 2nd quarter. First Pacific Financial now owns 240 shares of the online travel company’s stock worth $40,000 after acquiring an additional 90 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insider Activity

In other news, CAO Lance A. Soliday sold 852 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $205.88, for a total transaction of $175,409.76. Following the transaction, the chief accounting officer directly owned 12,036 shares of the company’s stock, valued at $2,477,971.68. This represents a 6.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $207.78, for a total value of $623,340.00. Following the transaction, the director directly owned 33,858 shares in the company, valued at $7,035,015.24. The trade was a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,816 shares of company stock valued at $2,009,132 in the last ninety days. 9.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 target price on shares of Expedia Group in a report on Wednesday, July 23rd. Truist Financial cut their price target on Expedia Group from $175.00 to $168.00 and set a “hold” rating on the stock in a research note on Tuesday, June 24th. Piper Sandler upped their price target on Expedia Group from $135.00 to $190.00 and gave the stock an “underweight” rating in a research note on Friday, August 8th. Weiss Ratings restated a “hold (c)” rating on shares of Expedia Group in a research note on Saturday, September 27th. Finally, Barclays upped their price target on Expedia Group from $190.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Expedia Group currently has a consensus rating of “Hold” and an average target price of $208.96.

Expedia Group Stock Performance

EXPE stock opened at $219.23 on Friday. The stock has a market capitalization of $27.12 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.14 and a beta of 1.56. Expedia Group, Inc. has a 12-month low of $130.01 and a 12-month high of $229.00. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14. The stock’s 50 day simple moving average is $208.99 and its 200 day simple moving average is $181.24.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.13 by $0.11. The business had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%.The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.51 EPS. Expedia Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 28th. Expedia Group’s dividend payout ratio is presently 19.61%.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.