Crossmark Global Holdings Inc. Purchases 6,355 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Crossmark Global Holdings Inc. increased its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 54.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,968 shares of the online travel company's stock after purchasing an additional 6,355 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Expedia Group were worth $3,020,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in shares of Expedia Group by 1.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 186,764 shares of the online travel company's stock valued at $31,395,000 after purchasing an additional 3,251 shares during the period. Wayfinding Financial LLC bought a new position in Expedia Group in the 1st quarter valued at about $61,000. Olde Wealth Management LLC bought a new position in Expedia Group in the 1st quarter valued at about $77,000. Catalyst Capital Advisors LLC bought a new position in Expedia Group in the 1st quarter valued at about $1,933,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Expedia Group in the 1st quarter valued at about $4,458,000. 90.76% of the stock is owned by institutional investors.

Expedia Group Trading Down 0.8%

Shares of NASDAQ:EXPE traded down $1.46 during mid-day trading on Wednesday, reaching $176.09. 1,272,280 shares of the company's stock were exchanged, compared to its average volume of 1,901,099. The firm has a market capitalization of $22.38 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 0.85 and a beta of 1.57. The business's fifty day moving average price is $167.24 and its 200-day moving average price is $172.83. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.73 and a current ratio of 0.73. Expedia Group, Inc. has a twelve month low of $110.20 and a twelve month high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.02 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. Expedia Group's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. On average, research analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a dividend of $0.40 per share. 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 0.91%. Expedia Group's dividend payout ratio (DPR) is currently 18.87%.

Analysts Set New Price Targets

Several research analysts have weighed in on EXPE shares. JPMorgan Chase & Co. lowered 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. Piper Sandler cut shares of Expedia Group from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $174.00 to $135.00 in a report on Friday, May 9th. Barclays increased their price target on shares of Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Morgan Stanley lowered their target price 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. Finally, Benchmark lowered their target price on shares of Expedia Group from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $187.19.

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.