United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys New Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• United Super Pty Ltd purchased 2,400 shares of Expedia Group, valued at approximately $403,000, indicating a growing interest from institutional investors.
• Expedia Group's stock has seen mixed ratings from analysts, with price targets ranging from $135.00 to $200.00 and an average rating of "Moderate Buy."
• The company recently announced a quarterly dividend of $0.40 per share, representing a yield of 0.9% and a dividend payout ratio of 18.87%.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,400 shares of the online travel company's stock, valued at approximately $403,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alkeon Capital Management LLC grew its stake in shares of Expedia Group by 25.4% in the 4th quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock worth $368,276,000 after buying an additional 400,000 shares during the last quarter. Lyrical Asset Management LP increased its holdings in shares of Expedia Group by 1.7% during the fourth quarter. Lyrical Asset Management LP now owns 1,763,489 shares of the online travel company's stock valued at $328,591,000 after acquiring an additional 28,736 shares in the last quarter. FMR LLC increased its holdings in shares of Expedia Group by 6.5% during the fourth quarter. FMR LLC now owns 1,303,532 shares of the online travel company's stock valued at $242,887,000 after acquiring an additional 79,372 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Expedia Group by 8.8% during the fourth quarter. Northern Trust Corp now owns 1,275,907 shares of the online travel company's stock valued at $237,740,000 after acquiring an additional 102,949 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Expedia Group by 6.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,176,669 shares of the online travel company's stock valued at $219,255,000 after acquiring an additional 71,795 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXPE has been the subject of several analyst reports. Morgan Stanley raised their price target on Expedia Group from $150.00 to $165.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. The Goldman Sachs Group reduced 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. JPMorgan Chase & Co. reduced their price target on Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Benchmark reaffirmed a "buy" rating on shares of Expedia Group in a research report on Wednesday, July 23rd. Finally, Susquehanna dropped their price objective on Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Expedia Group presently has an average rating of "Moderate Buy" and a consensus price target of $189.38.

Expedia Group Stock Performance

Shares of EXPE stock traded down $2.40 during trading hours on Tuesday, reaching $182.59. 227,822 shares of the company traded hands, compared to its average volume of 2,066,823. Expedia Group, Inc. has a 12-month low of $111.08 and a 12-month high of $207.73. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $23.21 billion, a P/E ratio of 21.52, a P/E/G ratio of 0.85 and a beta of 1.61. The firm has a 50-day moving average price of $174.93 and a 200 day moving average price of $172.45.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its 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 business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.21 EPS. As a group, sell-side analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is 18.87%.

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.