DekaBank Deutsche Girozentrale Raises Stock Position in Expedia Group, Inc. (NASDAQ:EXPE)

DekaBank Deutsche Girozentrale increased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 12.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,790 shares of the online travel company's stock after purchasing an additional 7,818 shares during the period. DekaBank Deutsche Girozentrale owned 0.05% of Expedia Group worth $11,723,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Minot DeBlois Advisors LLC purchased a new stake in Expedia Group during the fourth quarter valued at approximately $27,000. Sava Infond d.o.o. purchased a new stake in Expedia Group during the fourth quarter valued at approximately $28,000. Prudent Man Investment Management Inc. purchased a new stake in Expedia Group during the fourth quarter valued at approximately $34,000. Optiver Holding B.V. purchased a new stake in Expedia Group during the fourth quarter valued at approximately $38,000. Finally, Banque Transatlantique SA purchased a new position in shares of Expedia Group in the fourth quarter worth $45,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Price Performance

Shares of NASDAQ EXPE traded up $0.67 during trading on Friday, hitting $183.64. The company had a trading volume of 1,265,710 shares, compared to its average volume of 1,901,250. The stock has a fifty day simple moving average of $168.56 and a two-hundred day simple moving average of $172.77. Expedia Group, Inc. has a fifty-two week low of $110.20 and a fifty-two week high of $207.73. The firm has a market capitalization of $23.34 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 0.87 and a beta of 1.57. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the business earned $0.21 EPS. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, 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 was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, May 29th. Expedia Group's dividend payout ratio is currently 18.87%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EXPE. Wedbush reaffirmed a "neutral" rating and issued a $165.00 price target (down previously from $180.00) on shares of Expedia Group in a report on Friday, May 9th. Wall Street Zen raised shares of Expedia Group from a "hold" rating to a "buy" rating in a report on Saturday. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $170.00 price target on shares of Expedia Group in a report on Thursday, May 15th. Oppenheimer decreased their price target on shares of Expedia Group from $230.00 to $210.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Finally, UBS Group decreased their price target on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating for the company in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $187.19.

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.