Procyon Advisors LLC Purchases New Position in Expedia Group, Inc. (NASDAQ:EXPE)

Procyon Advisors LLC bought a new position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,978 shares of the online travel company's stock, valued at approximately $1,005,000.

Several other hedge funds have also recently made changes to their positions in EXPE. Handelsbanken Fonder AB increased its holdings in Expedia Group by 17.8% in the 4th quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company's stock worth $5,729,000 after acquiring an additional 4,656 shares during the last quarter. Clare Market Investments LLC bought a new position in Expedia Group during the fourth quarter worth about $319,000. Cigna Investments Inc. New bought a new stake in shares of Expedia Group in the fourth quarter valued at approximately $238,000. Jones Financial Companies Lllp raised its position in shares of Expedia Group by 53.4% in the fourth quarter. Jones Financial Companies Lllp now owns 4,870 shares of the online travel company's stock valued at $907,000 after purchasing an additional 1,696 shares during the period. Finally, Groupama Asset Managment purchased a new stake in shares of Expedia Group during the 4th quarter valued at approximately $1,308,000. 90.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on EXPE. Barclays boosted their price objective on Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Wells Fargo & Company increased their price target on shares of Expedia Group from $143.00 to $149.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. JPMorgan Chase & Co. cut their price objective on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Susquehanna decreased their target price on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a report on Monday, May 12th. Finally, Wall Street Zen cut shares of Expedia Group from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $186.35.

Expedia Group Trading Down 0.6%

Shares of EXPE stock traded down $1.10 during mid-day trading on Wednesday, reaching $172.96. The stock had a trading volume of 618,813 shares, compared to its average volume of 1,913,867. The firm has a market capitalization of $21.99 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 0.92 and a beta of 1.59. The stock's 50-day moving average price is $160.11 and its two-hundred day moving average price is $175.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a 52-week low of $110.20 and a 52-week high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. Equities analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.

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.