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ASR Vermogensbeheer N.V. Purchases New Position in Expedia Group, Inc. (NASDAQ:EXPE)

Expedia Group logo with Retail/Wholesale background

Key Points

  • ASR Vermogensbeheer N.V. acquired 8,958 shares of Expedia Group, Inc. during the first quarter, valued at approximately $1.5 million.
  • Analysts are bullish on Expedia, with several raising price targets, including B. Riley increasing theirs from $222 to $260 and Royal Bank of Canada lifting theirs from $180 to $200.
  • Expedia reported Q2 earnings of $4.24 per share, exceeding estimates, with a year-over-year revenue increase of 6.4% to $3.79 billion.
  • Need Better Tools to Track Expedia Group? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

ASR Vermogensbeheer N.V. acquired a new stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,958 shares of the online travel company's stock, valued at approximately $1,506,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new position in Expedia Group during the fourth quarter worth about $27,000. McClarren Financial Advisors Inc. acquired a new stake in shares of Expedia Group during the 1st quarter valued at about $28,000. Park Square Financial Group LLC acquired a new stake in Expedia Group in the 1st quarter worth approximately $34,000. Optiver Holding B.V. bought a new position in Expedia Group in the 4th quarter worth approximately $38,000. Finally, Banque Transatlantique SA bought a new stake in shares of Expedia Group during the fourth quarter valued at approximately $45,000. 90.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EXPE. Oppenheimer cut their price target on Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Susquehanna cut their target price on Expedia Group from $205.00 to $175.00 and set a "neutral" rating on the stock in a research report on Monday, May 12th. Wall Street Zen raised Expedia Group from a "hold" rating to a "buy" rating in a research note on Monday, July 28th. B. Riley increased their price objective on Expedia Group from $222.00 to $260.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Piper Sandler upped their target price on Expedia Group from $135.00 to $190.00 and gave the company an "underweight" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $203.44.

Check Out Our Latest Stock Report on Expedia Group

Expedia Group Price Performance

NASDAQ EXPE traded up $7.65 during trading on Friday, reaching $195.26. The company's stock had a trading volume of 6,966,447 shares, compared to its average volume of 1,866,626. The stock has a market capitalization of $24.82 billion, a PE ratio of 23.93, a P/E/G ratio of 0.93 and a beta of 1.61. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.73. The firm has a fifty day moving average of $176.65 and a 200 day moving average of $172.67. Expedia Group, Inc. has a one year low of $125.50 and a one year high of $213.00.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share for the quarter, topping analysts' consensus estimates of $4.13 by $0.11. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.70 billion. Expedia Group had a return on equity of 56.25% and a net margin of 7.94%. The company's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.51 EPS. Analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

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

Expedia Group 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.

Further Reading

Institutional Ownership by Quarter for Expedia Group (NASDAQ:EXPE)

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