Expedia Group, Inc. (NASDAQ:EXPE) Shares Acquired by Crossmark Global Holdings Inc.

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

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EXPE shares. JPMorgan Chase & Co. reduced their price target on shares of Expedia Group from $205.00 to $170.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Susquehanna reduced 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 report on Monday, May 12th. Wells Fargo & Company boosted their price target on shares of Expedia Group from $149.00 to $178.00 and gave the company an "equal weight" rating in a research report on Monday. Piper Sandler cut shares of Expedia Group from a "neutral" rating to an "underweight" rating and reduced their price target for the company from $174.00 to $135.00 in a research report on Friday, May 9th. Finally, Barclays boosted their price target on shares of Expedia Group from $187.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $187.19.

Expedia Group Stock Performance

Shares of EXPE stock traded up $6.88 during trading hours on Thursday, reaching $182.97. 2,147,757 shares of the company's stock were exchanged, compared to its average volume of 1,901,984. The company 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's 50 day moving average is $167.62 and its two-hundred day moving average is $172.85. Expedia Group, Inc. has a 1 year low of $110.20 and a 1 year high of $207.73. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (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 analysts' expectations of $3.02 billion. Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The business's quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted $0.21 earnings per share. Equities research analysts anticipate that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Dividend Announcement

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

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.