Expedia Group, Inc. (NASDAQ:EXPE) Position Boosted by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Expedia Group by 1.8%, owning a total of 745,959 shares valued at approximately $125.4 million as of the latest SEC filing.
• Expedia Group reported earnings of $4.24 per share, surpassing expectations, and demonstrated year-over-year revenue growth of 6.4%, with total revenue reaching $3.79 billion.
• The company declared a quarterly dividend of $0.40, with an annualized yield of 0.8%, set to be paid to shareholders of record on August 28th.

Charles Schwab Investment Management Inc. boosted its position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 1.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 745,959 shares of the online travel company's stock after acquiring an additional 13,314 shares during the period. Charles Schwab Investment Management Inc. owned about 0.58% of Expedia Group worth $125,396,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXPE. Los Angeles Capital Management LLC raised its position in Expedia Group by 3,369.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company's stock valued at $172,995,000 after purchasing an additional 999,454 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Expedia Group in the 1st quarter valued at $82,975,000. Bamco Inc. NY purchased a new stake in Expedia Group in the 4th quarter valued at $80,206,000. Alkeon Capital Management LLC raised its position in Expedia Group by 25.4% in the 4th quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock valued at $368,276,000 after purchasing an additional 400,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Expedia Group by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 15,201,811 shares of the online travel company's stock valued at $2,555,424,000 after purchasing an additional 394,147 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Stock Performance

Expedia Group stock traded up $6.49 during mid-day trading on Wednesday, reaching $209.68. The company's stock had a trading volume of 2,411,764 shares, compared to its average volume of 1,970,370. The firm has a market cap of $26.65 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 1.01 and a beta of 1.61. The business has a 50 day moving average price of $178.64 and a 200-day moving average price of $173.28. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 2.14. Expedia Group, Inc. has a twelve month low of $126.46 and a twelve month high of $213.00.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The online travel company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.13 by $0.11. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the previous year, the company posted $3.51 earnings per share. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. Sell-side 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 will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th will be given a $0.40 dividend. The ex-dividend date is Thursday, August 28th. This represents a $1.60 annualized dividend and a yield of 0.8%. Expedia Group's payout ratio is 19.61%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup upped their price objective on shares of Expedia Group from $177.00 to $206.00 and gave the stock a "neutral" rating in a research report on Wednesday. Piper Sandler upped their price objective on shares of Expedia Group from $135.00 to $190.00 and gave the stock an "underweight" rating in a research report on Friday, August 8th. Royal Bank Of Canada upped their price objective on shares of Expedia Group from $180.00 to $200.00 and gave the stock a "sector perform" rating in a research report on Friday, August 8th. Bank of America upped their price objective on shares of Expedia Group from $211.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Benchmark upped their price objective on shares of Expedia Group from $215.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.63.

Expedia Group Company 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.