Cumberland Partners Ltd Acquires New Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Cumberland Partners Ltd invested approximately $2.03 million in Expedia Group by acquiring 12,050 shares in the first quarter.
• Institutional investors currently hold 90.76% of Expedia Group's stock, with significant increases in stakes noted from companies like Los Angeles Capital Management and Bridgewater Associates.
• The latest analyst ratings indicate a shift, with Goldman Sachs lowering its price target to $183.00, while the average price target across analysts is set at $189.38.

Cumberland Partners Ltd bought a new position in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,050 shares of the online travel company's stock, valued at approximately $2,026,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Minot DeBlois Advisors LLC bought a new position in Expedia Group during the 4th quarter worth about $27,000. Park Square Financial Group LLC acquired a new position in shares of Expedia Group during the 1st quarter worth approximately $34,000. Optiver Holding B.V. bought a new stake in shares of Expedia Group during the 4th quarter worth approximately $38,000. Banque Transatlantique SA bought a new stake in shares of Expedia Group during the 4th quarter worth approximately $45,000. Finally, Larson Financial Group LLC lifted its stake in Expedia Group by 2,175.0% in the 1st quarter. Larson Financial Group LLC now owns 273 shares of the online travel company's stock valued at $46,000 after purchasing an additional 261 shares during the last quarter. 90.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on EXPE shares. Truist Financial decreased their price target on shares of Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a research report on Tuesday, June 24th. JPMorgan Chase & Co. decreased their price objective 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. Benchmark restated a "buy" rating on shares of Expedia Group in a report on Wednesday, July 23rd. Barclays raised their price target on shares of Expedia Group from $187.00 to $190.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Finally, Piper Sandler cut shares of Expedia Group from a "neutral" rating to an "underweight" rating and reduced their price target for the stock from $174.00 to $135.00 in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $189.38.

Expedia Group Stock Performance

NASDAQ EXPE traded up $6.93 during trading hours on Monday, reaching $184.99. 1,496,539 shares of the company were exchanged, compared to its average volume of 1,422,642. Expedia Group, Inc. has a 1 year low of $110.20 and a 1 year high of $207.73. The business's 50 day simple moving average is $174.41 and its 200-day simple moving average is $172.47. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $23.52 billion, a P/E ratio of 21.81, a P/E/G ratio of 0.85 and a beta of 1.61.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings data 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). Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. The company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. During the same quarter last year, the business posted $0.21 EPS. The business's quarterly revenue was up 3.4% on a year-over-year basis. On average, equities research analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 0.9%. Expedia Group's payout ratio is currently 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.