Redhawk Wealth Advisors Inc. Takes $288,000 Position in Expedia Group, Inc. (NASDAQ:EXPE)

Redhawk Wealth Advisors Inc. purchased a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,716 shares of the online travel company's stock, valued at approximately $288,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its stake in shares of Expedia Group by 17.8% in the 4th quarter. Handelsbanken Fonder AB now owns 30,744 shares of the online travel company's stock valued at $5,729,000 after purchasing an additional 4,656 shares in the last quarter. Clare Market Investments LLC acquired a new position in shares of Expedia Group during the 4th quarter worth approximately $319,000. Cigna Investments Inc. New acquired a new position in shares of Expedia Group during the 4th quarter worth approximately $238,000. Jones Financial Companies Lllp boosted its holdings in shares of Expedia Group by 53.4% during the 4th quarter. Jones Financial Companies Lllp now owns 4,870 shares of the online travel company's stock worth $907,000 after purchasing an additional 1,696 shares during the last quarter. Finally, Groupama Asset Managment acquired a new position in shares of Expedia Group during the 4th quarter worth approximately $1,308,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Stock Down 0.9%

Expedia Group stock traded down $1.62 during trading on Thursday, reaching $171.70. 1,033,647 shares of the company's stock were exchanged, compared to its average volume of 1,913,823. The company's 50-day moving average is $160.74 and its two-hundred day moving average is $175.00. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.72 and a current ratio of 0.72. Expedia Group, Inc. has a 52-week low of $110.20 and a 52-week high of $207.73. The firm has a market cap of $21.83 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 0.92 and a beta of 1.59.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The company's revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 earnings per share. On average, analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.93%. The ex-dividend date is Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is 18.87%.

Analyst Ratings Changes

EXPE has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their target price on Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Susquehanna decreased their price target on Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a research note on Monday, May 12th. UBS Group reduced their price objective on Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Wedbush reissued a "neutral" rating and issued a $165.00 target price (down previously from $180.00) on shares of Expedia Group in a report on Friday, May 9th. Finally, Wall Street Zen lowered Expedia Group from a "strong-buy" rating to a "buy" rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $186.35.

About Expedia Group

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.