Fragasso Financial Advisors Inc Takes Position in Expedia Group, Inc. (NASDAQ:EXPE)

Fragasso Financial Advisors Inc acquired a new position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,330 shares of the online travel company's stock, valued at approximately $560,000.

Other large investors have also modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new position in shares of Expedia Group in the fourth quarter worth about $27,000. SRH Advisors LLC acquired a new position in shares of Expedia Group in the fourth quarter worth about $28,000. Sava Infond d.o.o. acquired a new position in shares of Expedia Group in the fourth quarter worth about $28,000. Prudent Man Investment Management Inc. acquired a new position in shares of Expedia Group in the fourth quarter worth about $34,000. Finally, Optiver Holding B.V. acquired a new position in shares of Expedia Group in the fourth quarter worth about $38,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Wall Street Analysts Forecast Growth

EXPE has been the subject of a number of research analyst reports. Morgan Stanley reduced their price target on shares of Expedia Group from $190.00 to $150.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Piper Sandler lowered shares of Expedia Group from a "neutral" rating to an "underweight" rating and reduced their price target for the stock from $174.00 to $135.00 in a research report on Friday, May 9th. JMP Securities reissued a "market perform" rating on shares of Expedia Group in a research report on Friday, February 7th. Barclays increased their price target on shares of Expedia Group from $187.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Finally, Truist Financial increased their price target on shares of Expedia Group from $163.00 to $175.00 and gave the stock a "hold" rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $186.35.

Expedia Group Stock Performance

Shares of EXPE stock traded up $1.20 on Wednesday, hitting $169.82. 1,866,389 shares of the stock were exchanged, compared to its average volume of 1,931,290. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $21.59 billion, a PE ratio of 18.76, a P/E/G ratio of 0.92 and a beta of 1.62. Expedia Group, Inc. has a one year low of $110.20 and a one year high of $207.73. The firm's 50 day moving average is $159.18 and its two-hundred day moving average is $175.25.

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

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.94%. Expedia Group's dividend payout ratio is currently 18.87%.

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.