Abacus FCF Advisors LLC Acquires 44,540 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Abacus FCF Advisors LLC raised its stake in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 188.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,144 shares of the online travel company's stock after acquiring an additional 44,540 shares during the quarter. Expedia Group makes up approximately 1.8% of Abacus FCF Advisors LLC's investment portfolio, making the stock its 23rd largest position. Abacus FCF Advisors LLC owned 0.05% of Expedia Group worth $11,455,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC bought a new position in shares of Expedia Group in the 4th quarter valued at $408,000. Stratos Wealth Partners LTD. bought a new position in shares of Expedia Group in the 4th quarter valued at $205,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Expedia Group by 21.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,608 shares of the online travel company's stock valued at $2,347,000 after acquiring an additional 2,252 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Expedia Group by 1.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,304 shares of the online travel company's stock valued at $2,479,000 after acquiring an additional 141 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new position in shares of Expedia Group in the 4th quarter valued at $72,000. Institutional investors own 90.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EXPE shares. Susquehanna dropped their price objective on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating for the company in a report on Monday, May 12th. The Goldman Sachs Group dropped their price objective on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a report on Friday, May 9th. Wall Street Zen lowered shares of Expedia Group from a "strong-buy" rating to a "buy" rating in a report on Friday, May 16th. Oppenheimer lowered their target price on Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Finally, Morgan Stanley lowered their target price on 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. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $186.35.

Expedia Group Trading Down 3.5%

Shares of NASDAQ:EXPE traded down $6.07 during mid-day trading on Friday, hitting $165.63. The company had a trading volume of 1,404,086 shares, compared to its average volume of 1,913,377. Expedia Group, Inc. has a one year low of $110.20 and a one year high of $207.73. The company has a market capitalization of $21.06 billion, a PE 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 moving average price of $161.38 and a 200 day moving average price of $174.92. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.72 and a quick ratio of 0.72.

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 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 firm 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 earnings per share. The business's quarterly revenue was up 3.4% on a year-over-year basis. As a group, research analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. Expedia Group's dividend payout ratio (DPR) is presently 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.