Sanctuary Advisors LLC Cuts Stock Position in Expedia Group, Inc. $EXPE

Sanctuary Advisors LLC cut its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 37.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,973 shares of the online travel company’s stock after selling 7,317 shares during the quarter. Sanctuary Advisors LLC’s holdings in Expedia Group were worth $2,764,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Motiv8 Investments LLC purchased 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. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Price Performance

EXPE stock opened at $265.08 on Tuesday. The firm has a 50 day moving average of $241.14 and a 200-day moving average of $244.35. The company has a market cap of $32.48 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 0.71 and a beta of 1.23. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. Expedia Group, Inc. has a 12-month low of $174.05 and a 12-month high of $303.80.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.55. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the prior year, the firm posted $0.40 EPS. The company’s revenue was up 14.7% compared to the same quarter last year. As a group, equities analysts expect that Expedia Group, Inc. will post 16.98 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders 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 yield of 0.7%. The ex-dividend date was Thursday, May 28th. Expedia Group’s payout ratio is presently 16.90%.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $3,124,454.38. This represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction 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 owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. This represents a 4.27% decrease in their position. The SEC filing for this sale provides additional information. 5.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EXPE has been the topic of a number of recent analyst reports. Wedbush initiated coverage on shares of Expedia Group in a research note on Thursday, July 16th. They set an “outperform” rating and a $334.00 price target on the stock. Wall Street Zen upgraded shares of Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Weiss Ratings lowered Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. B. Riley Financial dropped their target price on Expedia Group from $360.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Finally, Morgan Stanley increased their target price on Expedia Group from $270.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Seventeen equities research analysts have rated the stock with a Buy rating and twenty-two have given a Hold rating to the stock. According to data from MarketBeat, Expedia Group currently has an average rating of “Hold” and an average price target of $288.52.

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.