Mackenzie Financial Corp Purchases 9,153 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Key Points

• Mackenzie Financial Corp increased its stake in Expedia Group by 8.6%, owning approximately 115,788 shares worth over $19 million by the end of the first quarter.
• Various institutional investors have significantly increased their holdings in Expedia, with Los Angeles Capital Management increasing its stake by an astonishing 3,369.4% during the same period.
• Expedia Group recently missed earnings expectations, reporting $0.40 earnings per share compared to the consensus estimate of $0.42, alongside a revenue of $2.99 billion for the quarter.

Mackenzie Financial Corp boosted its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 8.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 115,788 shares of the online travel company's stock after acquiring an additional 9,153 shares during the quarter. Mackenzie Financial Corp owned 0.09% of Expedia Group worth $19,464,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in EXPE. Los Angeles Capital Management LLC increased its stake in shares of Expedia Group by 3,369.4% during the 1st quarter. Los Angeles Capital Management LLC now owns 1,029,117 shares of the online travel company's stock worth $172,995,000 after purchasing an additional 999,454 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Expedia Group during the 1st quarter worth approximately $82,975,000. Bamco Inc. NY purchased a new stake in shares of Expedia Group during the 4th quarter worth approximately $80,206,000. Alkeon Capital Management LLC increased its stake in shares of Expedia Group by 25.4% during the 4th quarter. Alkeon Capital Management LLC now owns 1,976,472 shares of the online travel company's stock worth $368,276,000 after purchasing an additional 400,000 shares during the last quarter. Finally, Bridgewater Associates LP increased its stake in shares of Expedia Group by 73.4% during the 4th quarter. Bridgewater Associates LP now owns 854,262 shares of the online travel company's stock worth $159,175,000 after purchasing an additional 361,543 shares during the last quarter. Institutional investors own 90.76% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. 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 research note on Friday, May 9th. Wells Fargo & Company lifted their price objective on shares of Expedia Group from $149.00 to $178.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Piper Sandler lowered shares of Expedia Group from a "neutral" rating to an "underweight" rating and reduced their price objective for the company from $174.00 to $135.00 in a research note on Friday, May 9th. Susquehanna reduced their price objective on shares of Expedia Group from $205.00 to $175.00 and set a "neutral" rating for the company in a research note on Monday, May 12th. Finally, The Goldman Sachs Group reduced 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. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $189.38.

Expedia Group Trading Down 1.2%

Expedia Group stock traded down $2.16 during mid-day trading on Friday, hitting $178.06. The company's stock had a trading volume of 1,674,154 shares, compared to its average volume of 1,338,934. The stock has a market cap of $22.63 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 0.86 and a beta of 1.61. The business has a 50 day moving average price of $174.41 and a 200-day moving average price of $172.68. 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, Inc. has a 12 month low of $110.20 and a 12 month high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The business's 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. As a group, analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

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