11,500 Shares in Expedia Group, Inc. (NASDAQ:EXPE) Bought by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,500 shares of the online travel company's stock, valued at approximately $1,933,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. UMB Bank n.a. raised its position in Expedia Group by 14.1% in the first quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock worth $94,000 after purchasing an additional 69 shares in the last quarter. Diametric Capital LP raised its position in Expedia Group by 1.6% in the fourth quarter. Diametric Capital LP now owns 4,737 shares of the online travel company's stock worth $883,000 after purchasing an additional 74 shares in the last quarter. Foyston Gordon & Payne Inc raised its position in Expedia Group by 0.3% in the fourth quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock worth $4,124,000 after purchasing an additional 74 shares in the last quarter. Ascent Group LLC raised its position in Expedia Group by 3.2% in the fourth quarter. Ascent Group LLC now owns 2,430 shares of the online travel company's stock worth $453,000 after purchasing an additional 76 shares in the last quarter. Finally, Seed Wealth Management Inc. raised its position 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 worth $210,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 90.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EXPE shares. Morgan Stanley dropped their price target on shares of 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. Barclays increased their price target on Expedia Group from $187.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. The Goldman Sachs Group cut their price objective on Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a research report on Friday, May 9th. UBS Group decreased their target price on Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $165.00 price target (down from $180.00) on shares of Expedia Group in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Expedia Group presently has a consensus rating of "Hold" and a consensus target price of $186.08.

Expedia Group Trading Up 3.3%

EXPE stock traded up $5.64 during midday trading on Friday, reaching $176.65. The company's stock had a trading volume of 1,429,430 shares, compared to its average volume of 1,906,533. 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 $22.46 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 0.84 and a beta of 1.57. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The business's 50-day simple moving average is $166.56 and its 200-day simple moving average is $172.89.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The business 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 business posted $0.21 earnings per share. Expedia Group's revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts expect that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a $0.40 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. Expedia Group's payout ratio is presently 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.