Connor Clark & Lunn Investment Management Ltd. Takes Position in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Connor Clark & Lunn Investment Management Ltd. acquired 88,007 shares of Expedia Group, Inc., valued at approximately $14.8 million, representing about 0.07% of the company.
• Expedia Group reported an earnings per share (EPS) of $4.24 for the last quarter, surpassing analyst expectations of $4.13, with quarterly revenue up 6.4% year-over-year.
• The company announced a quarterly dividend of $0.40 per share, with an annualized yield of 0.8%, scheduled to be paid on September 18th.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 88,007 shares of the online travel company's stock, valued at approximately $14,794,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.07% of Expedia Group at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Townsquare Capital LLC grew its stake in Expedia Group by 3.0% during the first quarter. Townsquare Capital LLC now owns 6,327 shares of the online travel company's stock valued at $1,064,000 after acquiring an additional 187 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Expedia Group during the first quarter valued at $36,000. Founders Financial Alliance LLC purchased a new position in Expedia Group during the first quarter valued at $218,000. Bristlecone Advisors LLC grew its stake in Expedia Group by 86.0% during the first quarter. Bristlecone Advisors LLC now owns 2,971 shares of the online travel company's stock valued at $499,000 after acquiring an additional 1,374 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in Expedia Group by 51.9% during the first quarter. National Bank of Canada FI now owns 94,574 shares of the online travel company's stock valued at $15,898,000 after acquiring an additional 32,316 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Expedia Group Trading Up 5.5%

EXPE traded up $10.56 on Tuesday, reaching $203.19. 2,429,410 shares of the company traded hands, compared to its average volume of 1,929,584. Expedia Group, Inc. has a one year low of $126.46 and a one year high of $213.00. The firm has a fifty day simple moving average of $177.85 and a two-hundred day simple moving average of $173.03. The company has a market cap of $25.83 billion, a P/E ratio of 24.90, a price-to-earnings-growth ratio of 0.89 and a beta of 1.61. The company has a quick ratio of 0.73, a current ratio of 0.75 and a debt-to-equity ratio of 2.14.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $3.70 billion. During the same quarter last year, the business posted $3.51 EPS. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be issued a $0.40 dividend. The ex-dividend date is Thursday, August 28th. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. Expedia Group's payout ratio is currently 19.61%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EXPE shares. Citigroup reaffirmed a "buy" rating on shares of Expedia Group in a research note on Friday. Wells Fargo & Company reissued a "positive" rating on shares of Expedia Group in a research note on Friday. 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. Truist Financial dropped their price objective on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a research note on Tuesday, June 24th. Finally, Royal Bank Of Canada lifted 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 note on Friday. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $206.04.

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.