Wakefield Asset Management LLLP Takes $580,000 Position in Expedia Group, Inc. (NASDAQ:EXPE)

Wakefield Asset Management LLLP purchased a new stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,448 shares of the online travel company's stock, valued at approximately $580,000.

A number of other hedge funds and other institutional investors have also modified their holdings of EXPE. Minot DeBlois Advisors LLC purchased a new stake in Expedia Group in the 4th quarter worth about $27,000. Sava Infond d.o.o. purchased a new stake in Expedia Group in the 4th quarter worth about $28,000. Prudent Man Investment Management Inc. purchased a new stake in Expedia Group in the 4th quarter worth about $34,000. Park Square Financial Group LLC purchased a new stake in Expedia Group in the 1st quarter worth about $34,000. Finally, Optiver Holding B.V. purchased a new stake in Expedia Group in the 4th quarter worth about $38,000. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Trading Down 0.9%

Shares of Expedia Group stock traded down $1.71 during trading hours on Thursday, hitting $190.48. The company's stock had a trading volume of 1,944,173 shares, compared to its average volume of 1,423,672. Expedia Group, Inc. has a 12 month low of $110.20 and a 12 month high of $207.73. The stock has a 50 day moving average of $171.98 and a 200 day moving average of $172.66. The company has a market capitalization of $24.21 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 0.92 and a beta of 1.57. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced 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). Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter last year, the company earned $0.21 earnings per share. The firm's revenue was up 3.4% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.84%. Expedia Group's payout ratio is presently 18.87%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Truist Financial reduced their price objective on Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a research note on Tuesday, June 24th. Barclays raised their price target on Expedia Group from $187.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 price target on shares of Expedia Group in a research note on Wednesday. Wells Fargo & Company raised their price target on Expedia Group from $149.00 to $178.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Finally, Wedbush reaffirmed a "neutral" rating and set a $165.00 price target (down from $180.00) on shares of Expedia Group in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $188.92.

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.