Fragasso Financial Advisors Inc Acquires Shares of 3,330 Expedia Group, Inc. (NASDAQ:EXPE)

Fragasso Financial Advisors Inc acquired a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,330 shares of the online travel company's stock, valued at approximately $560,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPE. Minot DeBlois Advisors LLC acquired a new position in Expedia Group during the fourth quarter valued at $27,000. SRH Advisors LLC purchased a new stake in shares of Expedia Group in the fourth quarter worth approximately $28,000. Sava Infond d.o.o. acquired a new stake in shares of Expedia Group during the fourth quarter worth approximately $28,000. Prudent Man Investment Management Inc. purchased a new position in Expedia Group during the fourth quarter valued at approximately $34,000. Finally, Optiver Holding B.V. acquired a new position in Expedia Group in the 4th quarter valued at approximately $38,000. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Stock Performance

EXPE traded up $3.17 on Friday, hitting $176.55. 1,822,609 shares of the stock traded hands, compared to its average volume of 1,925,932. The business has a fifty day moving average price of $159.50 and a two-hundred day moving average price of $175.17. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a 52 week low of $110.20 and a 52 week high of $207.73. The firm has a market capitalization of $22.44 billion, a PE ratio of 19.51, a P/E/G ratio of 0.92 and a beta of 1.59.

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

Expedia Group Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.

Wall Street Analysts Forecast Growth

EXPE has been the topic of several research analyst reports. DA Davidson boosted their price target on shares of Expedia Group from $190.00 to $205.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Susquehanna lowered their target price 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. BMO Capital Markets raised their price target on Expedia Group from $165.00 to $190.00 and gave the stock a "market perform" rating in a research note on Monday, February 10th. Oppenheimer reduced their price target on Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Finally, Piper Sandler downgraded Expedia Group from a "neutral" rating to an "underweight" rating and dropped their price objective for the stock from $174.00 to $135.00 in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $186.35.

Expedia Group Company 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.