CFO4Life Group LLC Invests $646,000 in Expedia Group, Inc. (NASDAQ:EXPE)

CFO4Life Group LLC acquired 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 firm acquired 3,845 shares of the online travel company's stock, valued at approximately $646,000.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Expedia Group in the fourth quarter worth $670,565,000. Bamco Inc. NY purchased a new position in Expedia Group in the fourth quarter valued at $80,206,000. Alkeon Capital Management LLC increased its holdings in Expedia Group by 25.4% in the fourth quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after buying an additional 400,000 shares in the last quarter. Bridgewater Associates LP increased its holdings in Expedia Group by 73.4% in the fourth quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock valued at $159,175,000 after buying an additional 361,543 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Expedia Group by 18,141.9% in the first quarter. GAMMA Investing LLC now owns 353,346 shares of the online travel company's stock valued at $59,397,000 after buying an additional 351,409 shares in the last quarter. Institutional investors own 90.76% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EXPE. The Goldman Sachs Group dropped their price objective on shares of Expedia Group from $219.00 to $183.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Susquehanna dropped their price objective on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating for the company in a research note on Monday, May 12th. Piper Sandler lowered shares of Expedia Group from a "neutral" rating to an "underweight" rating and decreased their target price for the company from $174.00 to $135.00 in a report on Friday, May 9th. JPMorgan Chase & Co. decreased their price objective 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. Finally, Oppenheimer decreased their price objective on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $187.19.

Expedia Group Price Performance

EXPE traded up $2.70 during midday trading on Friday, reaching $185.67. 564,052 shares of the company's stock were exchanged, compared to its average volume of 1,896,777. The business's 50-day moving average price is $168.12 and its 200 day moving average price is $172.81. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $23.60 billion, a PE ratio of 21.89, a P/E/G ratio of 0.84 and a beta of 1.57. Expedia Group, Inc. has a 1-year low of $110.20 and a 1-year high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 earnings per share 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 firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the firm earned $0.21 EPS. The business's quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. Expedia Group's payout ratio is 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.