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

Proficio Capital Partners LLC acquired a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 3,352 shares of the online travel company’s stock, valued at approximately $858,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of Expedia Group in the fourth quarter worth $408,000. NewEdge Advisors LLC lifted its position in Expedia Group by 5.0% in the 1st quarter. NewEdge Advisors LLC now owns 5,455 shares of the online travel company’s stock worth $917,000 after buying an additional 259 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Expedia Group in the 2nd quarter worth approximately $596,000. Daiwa Securities Group Inc. boosted its position in Expedia Group by 6.5% during the second quarter. Daiwa Securities Group Inc. now owns 21,265 shares of the online travel company’s stock valued at $3,587,000 after buying an additional 1,290 shares during the period. Finally, AXA S.A. boosted its holdings in Expedia Group by 5.9% during the 2nd quarter. AXA S.A. now owns 11,042 shares of the online travel company’s stock valued at $1,863,000 after acquiring an additional 615 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Stock Down 4.1%

Shares of Expedia Group stock opened at $304.23 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21. Expedia Group, Inc. has a 12-month low of $185.34 and a 12-month high of $342.00. The company has a market cap of $36.51 billion, a P/E ratio of 18.97, a PEG ratio of 0.78 and a beta of 1.25. The company’s fifty day simple moving average is $292.19 and its two-hundred day simple moving average is $252.31.

Expedia Group (NASDAQ:EXPE) last posted its earnings results on Wednesday, August 5th. The online travel company reported $5.76 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 analysts’ expectations of $4.17 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the company posted $4.24 EPS. Research analysts anticipate that Expedia Group, Inc. will post 17.15 EPS for the current year.

Expedia Group Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently commented on EXPE shares. BMO Capital Markets reaffirmed a “market perform” rating and issued a $285.00 target price on shares of Expedia Group in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Expedia Group from $244.00 to $230.00 and set a “hold” rating on the stock in a report on Monday, May 18th. UBS Group boosted their price objective on shares of Expedia Group from $322.00 to $351.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Morgan Stanley increased their target price on shares of Expedia Group from $290.00 to $300.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Finally, BTIG Research boosted their price target on Expedia Group from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Eighteen equities research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $318.71.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, Director Craig A. Jacobson sold 3,133 shares of Expedia Group stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $328.52, for a total transaction of $1,029,253.16. Following the sale, the director directly owned 29,832 shares of the company’s stock, valued at approximately $9,800,408.64. The trade was a 9.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 $3,885,741.90. This trade represents a 18.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 16,652 shares of company stock valued at $4,977,561. 5.20% of the stock is currently owned by corporate insiders.

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.