Syon Capital LLC Acquires 2,486 Shares of Expedia Group, Inc. $EXPE

Syon Capital LLC boosted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 51.3% during the 4th quarter, Holdings Channel reports. The fund owned 7,330 shares of the online travel company’s stock after buying an additional 2,486 shares during the period. Syon Capital LLC’s holdings in Expedia Group were worth $2,077,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Entrust Financial LLC bought a new position in Expedia Group during the 4th quarter worth about $26,000. JFS Wealth Advisors LLC grew its holdings in 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 in the last quarter. Lodestone Wealth Management LLC bought a new position in Expedia Group during the 4th quarter worth about $29,000. Rossby Financial LCC lifted its position in shares of Expedia Group by 103.8% during the third quarter. Rossby Financial LCC now owns 161 shares of the online travel company’s stock valued at $35,000 after buying an additional 82 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of Expedia Group by 970.6% during the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock valued at $39,000 after buying an additional 165 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 value of $208,548.40. Following the completion of the sale, the chief accounting officer owned 14,083 shares of the company’s stock, valued at approximately $3,124,454.38. The trade was a 6.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.20% of the company’s stock.

Expedia Group Price Performance

Shares of NASDAQ EXPE opened at $228.88 on Monday. The stock has a market capitalization of $28.05 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 0.60 and a beta of 1.25. Expedia Group, Inc. has a 12 month low of $160.00 and a 12 month high of $303.80. The firm’s 50 day simple moving average is $234.33 and its 200-day simple moving average is $247.79. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73.

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

Expedia Group Dividend Announcement

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

Analysts Set New Price Targets

EXPE has been the subject of several analyst reports. Truist Financial decreased their price target on shares of Expedia Group from $252.00 to $246.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Benchmark decreased their price objective on shares of Expedia Group from $310.00 to $290.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Argus decreased their price objective on shares of Expedia Group from $345.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Citic Securities decreased their price objective on shares of Expedia Group from $337.00 to $320.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Expedia Group from $244.00 to $230.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Sixteen equities research analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the company. Based on data from MarketBeat, Expedia Group currently has an average rating of “Hold” and a consensus price target of $284.42.

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.