Procyon Advisors LLC Has $3.40 Million Position in Expedia Group, Inc. $EXPE

Procyon Advisors LLC boosted its holdings in Expedia Group, Inc. (NASDAQ:EXPE) by 25.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,990 shares of the online travel company’s stock after purchasing an additional 2,451 shares during the period. Procyon Advisors LLC’s holdings in Expedia Group were worth $3,397,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EXPE. Norges Bank bought a new position in Expedia Group during the second quarter worth about $663,882,000. Wellington Management Group LLP grew its stake in shares of Expedia Group by 24,899.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company’s stock valued at $386,560,000 after purchasing an additional 1,801,232 shares during the period. AQR Capital Management LLC raised its holdings in shares of Expedia Group by 102.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,917,669 shares of the online travel company’s stock worth $492,152,000 after buying an additional 1,473,386 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in shares of Expedia Group by 465.6% in the 3rd quarter. Voloridge Investment Management LLC now owns 452,867 shares of the online travel company’s stock worth $96,800,000 after buying an additional 372,798 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Expedia Group by 1,933.8% during the 3rd quarter. Tidal Investments LLC now owns 357,635 shares of the online travel company’s stock worth $76,444,000 after buying an additional 340,050 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.

Insider Activity

In other news, insider Robert J. Dzielak sold 8,225 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total transaction of $1,816,244.50. Following the sale, the insider directly owned 102,480 shares of the company’s stock, valued at $22,629,633.60. This represents a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 9.13% of the company’s stock.

Expedia Group Stock Performance

Shares of NASDAQ:EXPE opened at $235.18 on Friday. Expedia Group, Inc. has a twelve month low of $130.01 and a twelve month high of $303.80. The firm 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 company has a debt-to-equity ratio of 1.75, a quick ratio of 0.73 and a current ratio of 0.73. The business has a fifty day moving average of $241.81 and a 200-day moving average of $243.99.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the prior year, the company earned $2.39 EPS. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. On average, equities research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The business also recently announced 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. The ex-dividend date is Thursday, March 5th. This is a positive change 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%. Expedia Group’s dividend payout ratio (DPR) is currently 19.49%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EXPE shares. The Goldman Sachs Group boosted their price target on Expedia Group from $325.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Mizuho cut their price objective on Expedia Group from $270.00 to $245.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Cantor Fitzgerald set a $245.00 target price on shares of Expedia Group in a research note on Friday, February 13th. Argus lowered their target price on shares of Expedia Group from $345.00 to $250.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Finally, Morgan Stanley increased their target price on shares of Expedia Group from $180.00 to $270.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Thirteen investment analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company. According to MarketBeat.com, Expedia Group currently has an average rating of “Hold” and a consensus target price of $281.65.

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.