Cerity Partners LLC Increases Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Cerity Partners LLC grew its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 10.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,546 shares of the online travel company's stock after buying an additional 5,534 shares during the quarter. Cerity Partners LLC's holdings in Expedia Group were worth $9,673,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. 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. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Expedia Group Stock Down 0.0%

Shares of NASDAQ EXPE opened at $183.56 on Tuesday. The company's 50-day simple moving average is $168.92 and its 200-day simple moving average is $172.51. Expedia Group, Inc. has a 52-week low of $110.20 and a 52-week high of $207.73. The firm has a market cap of $23.33 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 0.88 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.

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

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's dividend payout ratio is currently 18.87%.

Analyst Ratings Changes

EXPE has been the topic of several recent research reports. Barclays upped their target price on shares of Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Wall Street Zen upgraded shares of Expedia Group from a "hold" rating to a "buy" rating in a report on Saturday. Morgan Stanley cut their price target 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. UBS Group cut their price target on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. cut their price target on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $187.19.

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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