Stock Yards Bank & Trust Co. Sells 3,077 Shares of Expedia Group, Inc. $EXPE

Stock Yards Bank & Trust Co. reduced its position in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1.7% in the fourth quarter, HoldingsChannel reports. The firm owned 177,595 shares of the online travel company’s stock after selling 3,077 shares during the quarter. Expedia Group makes up 1.5% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 16th largest position. Stock Yards Bank & Trust Co.’s holdings in Expedia Group were worth $50,314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Orion Porfolio Solutions LLC boosted its stake in shares of Expedia Group by 0.4% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 9,814 shares of the online travel company’s stock worth $2,098,000 after acquiring an additional 38 shares during the last quarter. RHS Financial LLC boosted its stake in shares of Expedia Group by 4.0% during the 4th quarter. RHS Financial LLC now owns 1,030 shares of the online travel company’s stock worth $292,000 after acquiring an additional 40 shares during the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of Expedia Group by 16.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 319 shares of the online travel company’s stock worth $90,000 after acquiring an additional 44 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of Expedia Group by 78.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock worth $28,000 after acquiring an additional 44 shares during the last quarter. Finally, True Wealth Design LLC boosted its stake in shares of Expedia Group by 3.4% during the 4th quarter. True Wealth Design LLC now owns 1,382 shares of the online travel company’s stock worth $392,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Up 1.7%

EXPE opened at $229.04 on Tuesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group, Inc. has a fifty-two week low of $130.01 and a fifty-two week high of $303.80. The firm’s fifty day moving average is $230.26 and its 200 day moving average is $244.97. The stock has a market cap of $28.07 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 0.69 and a beta of 1.33.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.46. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter in the previous year, the company earned $2.39 EPS. Expedia Group’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, sell-side analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were issued a $0.48 dividend. The ex-dividend date was Thursday, March 5th. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. This is an increase from Expedia Group’s previous quarterly dividend of $0.40. Expedia Group’s payout ratio is presently 19.49%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EXPE. Mizuho dropped their price target on shares of Expedia Group from $270.00 to $245.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Evercore reiterated an “outperform” rating on shares of Expedia Group in a research note on Monday, February 9th. TD Cowen dropped their price target on shares of Expedia Group from $300.00 to $260.00 and set a “hold” rating on the stock in a research note on Friday, February 13th. UBS Group set a $266.00 price target on shares of Expedia Group in a research note on Friday, February 13th. Finally, Susquehanna restated a “neutral” rating and set a $240.00 target price on shares of Expedia Group in a research note on Tuesday, February 17th. Fourteen research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. According to MarketBeat.com, Expedia Group presently has an average rating of “Hold” and a consensus target price of $282.45.

Insider Transactions at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 8,225 shares of Expedia Group stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $220.82, for a total value of $1,816,244.50. Following the sale, the insider directly owned 102,480 shares in the company, valued at approximately $22,629,633.60. The trade was a 7.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 9.13% of the company’s stock.

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.