In a recent transaction on June 3, Lance A. Soliday, the Senior Vice President and Chief Accounting Officer of Expedia (NASDAQ:EXPE) Group, Inc. (NASDAQ:EXPE), sold 544 shares of the company's common stock. The sale was executed at an average price of $113.38 per share, resulting in a total transaction value of $61,678.
This recent sale by a key executive at Expedia Group, Inc. has been officially filed with the Securities and Exchange Commission. As a result of the transaction, Soliday's direct ownership in the company has decreased, yet he still retains 11,187 shares of Expedia Group's common stock following the sale.
The transaction was completed as part of the executive's stock trading plan and was publicly disclosed in accordance with federal securities regulations. The details of the sale provide investors with insight into the trading activities of the company's insiders, which can be an important factor to consider in their investment decisions.
Investors and analysts often scrutinize insider sales to gauge their confidence in the company's prospects, although such transactions can be motivated by a variety of personal or financial considerations. As of now, the reasons behind Soliday's decision to sell a portion of his holdings in Expedia Group have not been disclosed.
Expedia Group, headquartered in Seattle, Washington, operates as a global online travel shopping company for consumer and small business travel. Its platform includes a vast array of travel products and services provided by many partner airlines, hotels, car rental companies, and destination services providers.
The stock market and investors will continue to monitor insider trading activities at Expedia Group, Inc. for any potential signals or trends that might emerge from such transactions.
InvestingPro Insights
Amid the recent insider trading activity at Expedia Group, Inc. (NASDAQ:EXPE), investors are keenly observing the company's financial health and market performance. With a current market capitalization of $15.14 billion and a P/E ratio standing at 19.92, Expedia presents a notable case for evaluation. The adjusted P/E ratio for the last twelve months as of Q1 2024 is even more attractive at 12.4, indicating a potentially undervalued stock relative to near-term earnings growth.
One of the standout features of Expedia Group is its impressive gross profit margins, which reached 88.39% in the last twelve months as of Q1 2024. This robust margin underscores the company's efficiency in maintaining profitability amidst its revenue streams. Additionally, Expedia Group's revenue has grown by 8.11% over the same period, reflecting a steady upward trajectory in its financial performance.
Investors should note that Expedia Group does not currently pay a dividend to shareholders. However, an InvestingPro Tip highlights that management has been aggressively buying back shares, which is often viewed as a sign of confidence in the company's future and a contributor to high shareholder yield. Moreover, while the stock price has experienced volatility, with a 24.57% year-to-date price total return decline, analysts predict the company will be profitable this year, offering a potential upside for investors who are considering the long-term value of their holdings.
The company's next earnings date is slated for August 1, 2024, an event that the market will be watching closely. For investors seeking more in-depth analysis, there are additional InvestingPro Tips available at https://www.investing.com/pro/EXPE, which could further inform investment decisions. To access these insights, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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