Wright Investors Service Inc. bought a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,007 shares of the online travel company's stock, valued at approximately $1,010,000.
Other hedge funds have also recently modified their holdings of the company. Minot DeBlois Advisors LLC bought a new position in Expedia Group in the fourth quarter worth approximately $27,000. SRH Advisors LLC bought a new position in Expedia Group in the fourth quarter worth approximately $28,000. Sava Infond d.o.o. bought a new position in Expedia Group in the fourth quarter worth approximately $28,000. Prudent Man Investment Management Inc. bought a new position in Expedia Group in the fourth quarter worth approximately $34,000. Finally, Optiver Holding B.V. bought a new position in Expedia Group in the fourth quarter worth approximately $38,000. Institutional investors own 90.76% of the company's stock.
Expedia Group Stock Performance
Shares of NASDAQ EXPE traded up $4.03 during trading on Thursday, reaching $173.85. 934,151 shares of the company traded hands, compared to its average volume of 1,927,975. The firm's fifty day simple moving average is $159.22 and its 200 day simple moving average is $175.22. The stock has a market cap of $22.10 billion, a P/E ratio of 19.21, a PEG ratio of 0.92 and a beta of 1.62. Expedia Group, Inc. has a 12-month low of $110.20 and a 12-month high of $207.73. 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 (NASDAQ:EXPE - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The business's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 EPS. As a group, research analysts anticipate 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 will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.
Analyst Ratings Changes
Several brokerages recently issued reports on EXPE. Piper Sandler cut 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 research note on Friday, May 9th. Hsbc Global Res raised Expedia Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 7th. BMO Capital Markets increased their target price on Expedia Group from $165.00 to $190.00 and gave the company a "market perform" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped their target price on Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Truist Financial increased their target price on Expedia Group from $163.00 to $175.00 and gave the company 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 issued a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $186.35.
Check Out Our Latest Stock Report on EXPE
Expedia Group Company Profile
(
Free Report)
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.
See Also
Before you consider Expedia Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Expedia Group wasn't on the list.
While Expedia Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
