Meyer Handelman Co. Increases Stock Holdings in Expedia Group, Inc. $EXPE

Meyer Handelman Co. grew its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 6.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,259 shares of the online travel company’s stock after purchasing an additional 3,915 shares during the period. Meyer Handelman Co.’s holdings in Expedia Group were worth $15,068,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EXPE. Motiv8 Investments LLC acquired a new position in Expedia Group in the 4th quarter valued at $25,000. Entrust Financial LLC purchased a new position in Expedia Group during the 4th quarter worth $26,000. JFS Wealth Advisors LLC lifted its stake in shares of Expedia Group by 78.6% in 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 period. Lodestone Wealth Management LLC acquired a new stake in shares of Expedia Group in the 4th quarter worth $29,000. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Expedia Group by 970.6% in the third quarter. Sunbelt Securities Inc. now owns 182 shares of the online travel company’s stock valued at $39,000 after acquiring an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Expedia Group Stock Performance

Shares of EXPE opened at $250.95 on Friday. The company has a 50-day simple moving average of $236.17 and a 200-day simple moving average of $246.21. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.43. The company has a market capitalization of $30.75 billion, a PE ratio of 22.09, a P/E/G ratio of 0.69 and a beta of 1.25. Expedia Group, Inc. has a 52-week low of $165.54 and a 52-week high of $303.80.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.41 by $0.55. The firm had revenue of $3.43 billion during 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 for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 earnings per share. Equities research analysts predict that Expedia Group, Inc. will post 16.98 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, May 28th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, May 28th. Expedia Group’s dividend payout ratio (DPR) is presently 16.90%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on EXPE shares. TD Cowen boosted their price target on shares of Expedia Group from $260.00 to $285.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. B. Riley Financial reduced their price objective on shares of Expedia Group from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Mizuho dropped their target price on Expedia Group from $270.00 to $245.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Zacks Research cut Expedia Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Weiss Ratings downgraded Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Sixteen analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the stock. According to data from MarketBeat, Expedia Group has a consensus rating of “Hold” and a consensus price target of $284.42.

Insider Buying and Selling

In related news, CAO Lance A. Soliday sold 940 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total value of $208,548.40. Following the sale, the chief accounting officer owned 14,083 shares in the company, valued at $3,124,454.38. This represents a 6.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $233.00, for a total value of $1,095,566.00. Following the completion of the transaction, the insider directly owned 105,448 shares of the company’s stock, valued at $24,569,384. The trade was a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.20% of the stock is currently owned by company insiders.

Expedia Group Company 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.