Nuveen LLC Invests $227.17 Million in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Nuveen LLC has purchased 1,351,421 shares of Expedia Group, Inc. for approximately $227 million, representing about 1.05% of the company's total shares.
• Expedia reported $4.24 earnings per share for the last quarter, exceeding estimates, and has also declared a quarterly dividend of $0.40 per share.
• In recent analyst reports, price targets for Expedia Group have been adjusted by various firms, with the average price target set at $203.44, indicating a rating of "Moderate Buy."

Nuveen LLC acquired a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,351,421 shares of the online travel company's stock, valued at approximately $227,174,000. Nuveen LLC owned approximately 1.05% of Expedia Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Los Angeles Capital Management LLC grew its stake in Expedia Group by 3,369.4% in the first quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company's stock valued at $172,995,000 after purchasing an additional 999,454 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Expedia Group in the first quarter valued at approximately $82,975,000. Bamco Inc. NY bought a new position in Expedia Group in the fourth quarter valued at approximately $80,206,000. Alkeon Capital Management LLC grew its stake in Expedia Group by 25.4% in the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after purchasing an additional 400,000 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Expedia Group by 2.7% in the first quarter. Vanguard Group Inc. now owns 15,201,811 shares of the online travel company's stock valued at $2,555,424,000 after purchasing an additional 394,147 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Trading Up 5.5%

Shares of NASDAQ EXPE traded up $10.56 during trading hours on Tuesday, hitting $203.19. The company's stock had a trading volume of 2,429,410 shares, compared to its average volume of 1,929,584. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.73 and a current ratio of 0.75. The stock has a market cap of $25.83 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 0.89 and a beta of 1.61. Expedia Group, Inc. has a 12 month low of $126.46 and a 12 month high of $213.00. The business has a 50-day simple moving average of $177.85 and a 200-day simple moving average of $173.03.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 earnings per share for the quarter, beating the consensus estimate of $4.13 by $0.11. The business had revenue of $3.79 billion for the quarter, compared to analysts' expectations of $3.70 billion. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%. The business's revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.51 EPS. On average, analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 28th. Expedia Group's payout ratio is currently 19.61%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EXPE shares. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 price objective on shares of Expedia Group in a research report on Wednesday, July 23rd. Piper Sandler set a $190.00 price objective on Expedia Group and gave the company an "underweight" rating in a research report on Friday. Barclays raised their price objective on Expedia Group from $190.00 to $197.00 and gave the company an "equal weight" rating in a research report on Friday. The Goldman Sachs Group dropped their price target on Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Morgan Stanley lifted their price target on Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $206.04.

Expedia Group Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.