Stock Yards Bank & Trust Co. Buys 2,729 Shares of Expedia Group, Inc. $EXPE

Stock Yards Bank & Trust Co. boosted its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 180,324 shares of the online travel company’s stock after acquiring an additional 2,729 shares during the period. Expedia Group accounts for 1.3% of Stock Yards Bank & Trust Co.’s portfolio, making the stock its 21st largest holding. Stock Yards Bank & Trust Co.’s holdings in Expedia Group were worth $41,635,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. 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 worth $787,049,000 after purchasing an additional 309,900 shares in the last quarter. AQR Capital Management LLC grew its position in shares of 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 valued at $779,275,000 after purchasing an additional 728,063 shares in the last quarter. Invesco Ltd. grew its position in shares of Expedia Group by 8.0% during the third 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 bought a new stake in shares of Expedia Group in the fourth quarter worth about $861,979,000. Finally, Wellington Management Group LLP increased its holdings in shares of Expedia Group by 24,899.5% in 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 purchasing an additional 1,801,232 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EXPE has been the subject of a number of research reports. DA Davidson dropped their price target on Expedia Group from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Piper Sandler lifted their price objective on Expedia Group from $225.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings cut Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Wall Street Zen upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Finally, Robert W. Baird set a $290.00 target price on shares of Expedia Group in a report on Friday, May 8th. Sixteen investment analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $284.30.

Insiders Place Their Bets

In other news, insider Robert J. Dzielak sold 4,702 shares of the 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Lance A. Soliday sold 940 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the sale, the chief accounting officer owned 14,083 shares of the company’s stock, valued at $3,124,454.38. This trade represents a 6.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.20% of the company’s stock.

Expedia Group Price Performance

NASDAQ:EXPE opened at $264.54 on Thursday. The firm has a market capitalization of $32.42 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 0.67 and a beta of 1.23. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. The business has a 50 day simple moving average of $236.13 and a 200-day simple moving average of $245.99. Expedia Group, Inc. has a 1 year low of $169.23 and a 1 year high of $303.80.

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

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, May 28th. Expedia Group’s payout ratio is presently 16.90%.

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.