Procyon Advisors LLC Buys Shares of 5,978 Expedia Group, Inc. (NASDAQ:EXPE)

Procyon Advisors LLC purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,978 shares of the online travel company's stock, valued at approximately $1,005,000.

Several other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new stake in Expedia Group during the fourth quarter worth $670,565,000. Bamco Inc. NY bought a new position in shares of Expedia Group in the 4th quarter worth $80,206,000. Alkeon Capital Management LLC lifted its stake in shares of Expedia Group by 25.4% during the 4th quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock worth $368,276,000 after purchasing an additional 400,000 shares during the last quarter. Bridgewater Associates LP lifted its stake in shares of Expedia Group by 73.4% during the 4th quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock worth $159,175,000 after purchasing an additional 361,543 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Expedia Group by 18,141.9% during the first quarter. GAMMA Investing LLC now owns 353,346 shares of the online travel company's stock valued at $59,397,000 after purchasing an additional 351,409 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Price Performance

Shares of EXPE stock opened at $176.55 on Friday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $22.44 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 0.92 and a beta of 1.59. The firm's 50-day moving average is $159.50 and its two-hundred day moving average is $175.14. Expedia Group, Inc. has a 12 month low of $110.20 and a 12 month high of $207.73.

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

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.

Analyst Upgrades and Downgrades

Several research firms have commented on EXPE. Wedbush reissued a "neutral" rating and set a $165.00 price target (down from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. Wall Street Zen lowered Expedia Group from a "strong-buy" rating to a "buy" rating in a report on Friday, May 16th. Piper Sandler downgraded shares of Expedia Group from a "neutral" rating to an "underweight" rating and lowered their price objective for the stock from $174.00 to $135.00 in a research note on Friday, May 9th. BMO Capital Markets lifted their price objective on shares of Expedia Group from $165.00 to $190.00 and gave the company a "market perform" rating in a research note on Monday, February 10th. Finally, Citigroup lifted their target price on shares of Expedia Group from $200.00 to $217.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $186.35.

Expedia Group Company Profile

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.

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