AlphaCore Capital LLC Takes Position in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• AlphaCore Capital LLC has acquired 2,092 shares of Expedia Group, Inc. for around $352,000 in Q1, highlighting increased institutional interest in the online travel company.
• Several analysts have recently increased their price targets for Expedia Group, with Bank of America raising it to $240.00 and Wedbush to $220.00, indicating positive sentiment among market observers.
• Expedia Group reported earnings of $4.24 per share for the last quarter, exceeding estimates and marking a 6.4% year-over-year revenue increase to $3.79 billion.

AlphaCore Capital LLC bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,092 shares of the online travel company's stock, valued at approximately $352,000.

Several other large investors have also recently bought and sold shares of EXPE. Altman Advisors Inc. raised its stake in shares of Expedia Group by 0.5% during the 1st quarter. Altman Advisors Inc. now owns 13,338 shares of the online travel company's stock worth $2,093,000 after purchasing an additional 65 shares in the last quarter. UMB Bank n.a. increased its holdings in Expedia Group by 14.1% during the first quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock worth $94,000 after buying an additional 69 shares during the last quarter. Foyston Gordon & Payne Inc raised its position in Expedia Group by 0.3% during the fourth quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock worth $4,124,000 after acquiring an additional 74 shares in the last quarter. Ascent Group LLC raised its position in Expedia Group by 3.2% during the fourth quarter. Ascent Group LLC now owns 2,430 shares of the online travel company's stock worth $453,000 after acquiring an additional 76 shares in the last quarter. Finally, Smithfield Trust Co lifted its stake in Expedia Group by 2.9% in the first quarter. Smithfield Trust Co now owns 3,265 shares of the online travel company's stock valued at $550,000 after acquiring an additional 93 shares during the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of Expedia Group from $211.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday. Wedbush boosted their price target on Expedia Group from $175.00 to $220.00 and gave the stock a "neutral" rating in a research report on Friday. Wall Street Zen upgraded Expedia Group from a "hold" rating to a "buy" rating in a research note on Monday, July 28th. Morgan Stanley lifted their target price on Expedia Group from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Finally, The Goldman Sachs Group dropped their price target on Expedia Group from $219.00 to $183.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $203.00.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $195.26 on Friday. The firm has a 50 day moving average of $176.65 and a 200-day moving average of $172.70. Expedia Group, Inc. has a 12 month low of $125.50 and a 12 month high of $213.00. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $24.82 billion, a PE ratio of 23.93, a PEG ratio of 0.93 and a beta of 1.61.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, beating the consensus estimate of $4.13 by $0.11. Expedia Group had a net margin of 7.94% and a return on equity of 53.64%. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the previous year, the business earned $3.51 earnings per share. The company's revenue was up 6.4% on a year-over-year basis. On average, equities research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, August 28th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 28th. Expedia Group's dividend payout ratio is currently 18.87%.

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.

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