Catalyst Capital Advisors LLC purchased 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 disclosure with the SEC. The firm purchased 11,500 shares of the online travel company's stock, valued at approximately $1,933,000.
A number of other institutional investors have also recently made changes to their positions in EXPE. Minot DeBlois Advisors LLC purchased a new stake in shares of Expedia Group during the 4th quarter valued at about $27,000. Sava Infond d.o.o. purchased a new stake in shares of Expedia Group during the 4th quarter valued at about $28,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Expedia Group during the 4th quarter valued at about $34,000. Optiver Holding B.V. purchased a new stake in shares of Expedia Group during the 4th quarter valued at about $38,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Expedia Group during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 90.76% of the company's stock.
Expedia Group Price Performance
EXPE traded up $5.64 during trading hours on Friday, hitting $176.65. The company's stock had a trading volume of 1,429,430 shares, compared to its average volume of 1,906,533. The business's 50-day moving average price is $166.56 and its 200-day moving average price is $172.89. Expedia Group, Inc. has a 12 month low of $110.20 and a 12 month high of $207.73. The stock has a market cap of $22.46 billion, a price-to-earnings ratio of 20.83, a P/E/G ratio of 0.84 and a beta of 1.57. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.92.
Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share 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 return on equity of 52.60% and a net margin of 8.48%. The company's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 EPS. Sell-side analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.
Expedia Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's payout ratio is 18.87%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on EXPE shares. Wall Street Zen downgraded shares of Expedia Group from a "buy" rating to a "hold" rating in a report on Saturday, June 28th. Morgan Stanley dropped their price objective on shares of Expedia Group from $190.00 to $150.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Barclays raised their price objective on shares of Expedia Group from $187.00 to $190.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Piper Sandler downgraded shares of Expedia Group from a "neutral" rating to an "underweight" rating and dropped their price objective for the stock from $174.00 to $135.00 in a report on Friday, May 9th. Finally, Benchmark dropped their price objective on shares of Expedia Group from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $186.08.
View Our Latest Analysis on Expedia Group
About Expedia Group
(
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.
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