Proficio Capital Partners LLC Purchases Shares of 3,352 Expedia Group, Inc. $EXPE

Key Points

• Proficio Capital Partners opened a new Expedia Group position by purchasing 3,352 shares valued at approximately $858,000. Institutional investors collectively own 90.76% of the company.
• Expedia reported quarterly adjusted earnings of $5.76 per share and revenue of $4.32 billion, exceeding analyst expectations; revenue increased 14% year over year. The company declared a quarterly dividend of $0.48 per share, equal to a 0.6% annual yield.
• EXPE shares opened at $304.23, down 4.1%, while analysts maintained a consensus “Hold” rating with an average price target of $318.71. Insiders sold 16,652 shares worth nearly $5.0 million in the last quarter.

Proficio Capital Partners LLC purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,352 shares of the online travel company's stock, valued at approximately $858,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Windacre Partnership LLC lifted its stake in Expedia Group by 9.2% in the 3rd quarter. Windacre Partnership LLC now owns 3,682,100 shares of the online travel company's stock valued at $787,049,000 after purchasing an additional 309,900 shares during the last quarter. AQR Capital Management LLC lifted its position in Expedia Group by 25.0% during the third quarter. AQR Capital Management LLC now owns 3,645,732 shares of the online travel company's stock worth $779,275,000 after purchasing an additional 728,063 shares during the period. Invesco Ltd. boosted its holdings in shares of Expedia Group by 8.0% in the 3rd quarter. Invesco Ltd. now owns 3,122,842 shares of the online travel company's stock valued at $667,507,000 after purchasing an additional 230,176 shares in the last quarter. Norges Bank acquired a new stake in shares of Expedia Group in the 4th quarter valued at approximately $861,979,000. Finally, Wellington Management Group LLP grew its stake in shares of Expedia Group by 24,899.5% during the third quarter. Wellington Management Group LLP now owns 1,808,466 shares of the online travel company's stock worth $386,560,000 after buying an additional 1,801,232 shares during the last quarter. Institutional investors own 90.76% of the company's stock.

Insider Transactions at Expedia Group

In related news, CAO Lance A. Soliday sold 2,810 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total value of $909,456.50. Following the transaction, the chief accounting officer owned 12,006 shares in the company, valued at approximately $3,885,741.90. This represents a 18.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Craig A. Jacobson sold 3,133 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $328.52, for a total value of $1,029,253.16. Following the completion of the sale, the director directly owned 29,832 shares of the company's stock, valued at $9,800,408.64. This represents a 9.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 16,652 shares of company stock worth $4,977,561 in the last quarter. Insiders own 5.20% of the company's stock.

Expedia Group Stock Down 4.1%

EXPE stock opened at $304.23 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $36.51 billion, a PE ratio of 18.97, a P/E/G ratio of 0.78 and a beta of 1.25. The stock's 50 day moving average is $292.19 and its 200-day moving average is $252.31. Expedia Group, Inc. has a twelve month low of $185.34 and a twelve month high of $342.00.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its earnings results on Wednesday, August 5th. The online travel company reported $5.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.22 by $0.54. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The business's revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.24 EPS. Sell-side analysts expect that Expedia Group, Inc. will post 17.15 EPS for the current fiscal year.

Expedia Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, August 27th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, August 27th. Expedia Group's dividend payout ratio (DPR) is 11.97%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EXPE shares. Gordon Haskett dropped their price objective on shares of Expedia Group from $320.00 to $290.00 and set a "buy" rating for the company in a report on Wednesday, May 13th. Weiss Ratings raised shares of Expedia Group from a "hold (c)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. DA Davidson dropped their price target on Expedia Group from $260.00 to $250.00 and set a "neutral" rating on the stock in a research note on Friday, May 15th. Barclays raised their price target on shares of Expedia Group from $264.00 to $320.00 and gave the stock an "equal weight" rating in a report on Thursday, August 6th. Finally, Evercore set a $430.00 price target on shares of Expedia Group in a research note on Monday, August 24th. Eighteen investment analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $318.71.

About Expedia Group

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.

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