USA Financial Formulas Invests $1.03 Million in Expedia Group, Inc. (NASDAQ:EXPE)

USA Financial Formulas purchased a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 6,096 shares of the online travel company's stock, valued at approximately $1,025,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Redhawk Wealth Advisors Inc. purchased a new stake in Expedia Group in the first quarter worth $288,000. CX Institutional bought a new stake in Expedia Group during the first quarter valued at $160,000. Assenagon Asset Management S.A. boosted its stake in Expedia Group by 827.3% during the first quarter. Assenagon Asset Management S.A. now owns 306,497 shares of the online travel company's stock valued at $51,522,000 after buying an additional 273,444 shares during the period. MV Capital Management Inc. lifted its stake in Expedia Group by 33.9% during the first quarter. MV Capital Management Inc. now owns 755 shares of the online travel company's stock worth $127,000 after purchasing an additional 191 shares during the last quarter. Finally, Abacus FCF Advisors LLC lifted its stake in Expedia Group by 188.7% during the first quarter. Abacus FCF Advisors LLC now owns 68,144 shares of the online travel company's stock worth $11,455,000 after purchasing an additional 44,540 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Stock Down 3.5%

EXPE stock traded down $6.07 on Friday, reaching $165.63. 1,404,086 shares of the company traded hands, compared to its average volume of 1,914,668. Expedia Group, Inc. has a one year low of $110.20 and a one year high of $207.73. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $21.06 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 0.92 and a beta of 1.59. The firm has a fifty day simple moving average of $161.96 and a 200-day simple moving average of $174.70.

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 (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a net margin of 9.01% and a return on equity of 52.41%. The business's revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.21 earnings per share. Research analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, May 29th. Expedia Group's dividend payout ratio is currently 18.87%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EXPE. Oppenheimer decreased their price objective on Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Cantor Fitzgerald restated a "neutral" rating and set a $170.00 price target on shares of Expedia Group in a report on Thursday, May 15th. Bank of America boosted their price target on Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a report on Friday, May 9th. Wedbush restated a "neutral" rating and set a $165.00 price target (down previously from $180.00) on shares of Expedia Group in a report on Friday, May 9th. Finally, The Goldman Sachs Group reduced their price target on Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $186.35.

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.