CFO4Life Group LLC Acquires New Shares in Expedia Group, Inc. (NASDAQ:EXPE)

CFO4Life Group LLC acquired a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,845 shares of the online travel company's stock, valued at approximately $646,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Minot DeBlois Advisors LLC bought a new stake in Expedia Group in the fourth quarter worth approximately $27,000. Sava Infond d.o.o. bought a new position in shares of Expedia Group during the 4th quarter worth about $28,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Expedia Group in the 4th quarter valued at about $34,000. Optiver Holding B.V. bought a new stake in shares of Expedia Group during the fourth quarter valued at approximately $38,000. Finally, Banque Transatlantique SA bought a new position in shares of Expedia Group in the 4th quarter worth $45,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on EXPE. Wedbush reissued a "neutral" rating and issued a $165.00 price objective (down from $180.00) on shares of Expedia Group in a research note on Friday, May 9th. Benchmark cut their target price on Expedia Group from $225.00 to $215.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Susquehanna decreased their price target 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. Wall Street Zen downgraded shares of Expedia Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Finally, Truist Financial lowered their target price on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $187.19.

Expedia Group Stock Up 3.9%

Expedia Group stock traded up $6.88 on Thursday, hitting $182.97. 2,147,757 shares of the stock traded hands, compared to its average volume of 1,901,984. Expedia Group, Inc. has a 1 year low of $110.20 and a 1 year high of $207.73. The firm has a market cap of $23.26 billion, a P/E ratio of 21.58, a price-to-earnings-growth 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. The business's fifty day simple moving average is $167.62 and its 200 day simple moving average is $172.85.

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 for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The business had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.02 billion. During the same quarter last year, the company posted $0.21 EPS. Expedia Group's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were issued a $0.40 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.87%. Expedia Group's dividend payout ratio (DPR) is presently 18.87%.

About Expedia Group

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.