Advisor Resource Council Invests $2.10 Million in Expedia Group, Inc. (NASDAQ:EXPE)

Advisor Resource Council acquired 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,639 shares of the online travel company's stock, valued at approximately $2,099,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Friedenthal Financial lifted its holdings in shares of Expedia Group by 22.1% during the 1st quarter. Friedenthal Financial now owns 5,243 shares of the online travel company's stock valued at $881,000 after buying an additional 950 shares during the period. State of Alaska Department of Revenue lifted its holdings in Expedia Group by 3.2% in the first quarter. State of Alaska Department of Revenue now owns 14,451 shares of the online travel company's stock valued at $2,429,000 after acquiring an additional 445 shares during the period. Seed Wealth Management Inc. lifted its holdings in Expedia Group by 8.2% in the first quarter. Seed Wealth Management Inc. now owns 1,250 shares of the online travel company's stock valued at $210,000 after acquiring an additional 95 shares during the period. Clarius Group LLC boosted its position in Expedia Group by 113.1% in the first quarter. Clarius Group LLC now owns 2,915 shares of the online travel company's stock worth $490,000 after purchasing an additional 1,547 shares during the last quarter. Finally, Rakuten Securities Inc. grew its stake in shares of Expedia Group by 400.0% during the 1st quarter. Rakuten Securities Inc. now owns 395 shares of the online travel company's stock valued at $66,000 after purchasing an additional 316 shares during the period. Hedge funds and other institutional investors own 90.76% of the company's stock.

Expedia Group Stock Up 1.5%

Shares of EXPE stock opened at $164.88 on Friday. The company's fifty day simple moving average is $163.08 and its two-hundred day simple moving average is $174.04. Expedia Group, Inc. has a 52 week low of $110.20 and a 52 week high of $207.73. The stock has a market cap of $20.96 billion, a P/E ratio of 19.44, a PEG ratio of 0.78 and a beta of 1.59. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted 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 return on equity of 52.60% and a net margin of 8.48%. The firm had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.02 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Expedia Group's quarterly revenue was up 3.4% on a year-over-year basis. Analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. Expedia Group's dividend payout ratio (DPR) is 18.87%.

Wall Street Analyst Weigh In

EXPE has been the topic of several recent research reports. Bank of America increased their price objective on shares of Expedia Group from $205.00 to $211.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Wedbush reiterated a "neutral" rating and issued a $165.00 price target (down from $180.00) on shares of Expedia Group in a research report on Friday, May 9th. Barclays lifted 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 note on Friday, May 9th. UBS Group reduced their price objective on Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Finally, Truist Financial lifted 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 analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Expedia Group currently has a consensus rating of "Moderate Buy" and an average target price 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.

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