Expedia Group, Inc. (NASDAQ:EXPE) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management has increased its stake in Expedia Group by 9.6%, now owning 218,413 shares valued at approximately $36.7 million.
• Expedia Group reported $4.24 EPS for the recent quarter, exceeding analysts' expectations, and had a revenue of $3.79 billion, marking a 6.4% year-over-year increase.
• The company recently announced a quarterly dividend of $0.40 per share, representing an annualized yield of 0.8%, with an ex-dividend date of August 28th.

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 9.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 218,413 shares of the online travel company's stock after purchasing an additional 19,086 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.17% of Expedia Group worth $36,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CenterBook Partners LP acquired a new stake in Expedia Group during the first quarter worth approximately $7,841,000. Ontario Teachers Pension Plan Board raised its holdings in Expedia Group by 102.4% during the first quarter. Ontario Teachers Pension Plan Board now owns 15,120 shares of the online travel company's stock worth $2,542,000 after purchasing an additional 7,649 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Expedia Group by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 745,959 shares of the online travel company's stock valued at $125,396,000 after acquiring an additional 13,314 shares during the period. ASR Vermogensbeheer N.V. acquired a new position in shares of Expedia Group in the 1st quarter valued at $1,506,000. Finally, Vanguard Group Inc. increased its holdings in shares of Expedia Group by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 15,201,811 shares of the online travel company's stock valued at $2,555,424,000 after acquiring an additional 394,147 shares during the period. Institutional investors and hedge funds own 90.76% of the company's stock.

Expedia Group Price Performance

EXPE stock traded up $6.49 during trading on Wednesday, hitting $209.68. The stock had a trading volume of 2,376,399 shares, compared to its average volume of 2,127,871. The company's 50 day moving average price is $177.85 and its two-hundred day moving average price is $173.03. Expedia Group, Inc. has a 1-year low of $126.46 and a 1-year high of $213.00. The stock has a market cap of $26.65 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 0.89 and a beta of 1.61. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.73 and a current ratio of 0.75.

Expedia Group (NASDAQ:EXPE - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The online travel company reported $4.24 EPS for the quarter, beating analysts' consensus estimates of $4.13 by $0.11. Expedia Group had a net margin of 7.94% and a return on equity of 56.25%. The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the prior year, the company posted $3.51 EPS. The company's quarterly revenue was up 6.4% compared to the same quarter last year. On average, sell-side analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, August 28th will be issued a $0.40 dividend. The ex-dividend date is Thursday, August 28th. This represents a $1.60 annualized dividend and a yield of 0.8%. Expedia Group's dividend payout ratio (DPR) is presently 19.61%.

Analysts Set New Price Targets

A number of brokerages have recently commented on EXPE. Benchmark lifted their target price on shares of Expedia Group from $215.00 to $265.00 and gave the company a "buy" rating in a report on Friday, August 8th. Wells Fargo & Company reaffirmed a "positive" rating on shares of Expedia Group in a report on Friday, August 8th. B. Riley lifted their target price on shares of Expedia Group from $222.00 to $260.00 and gave the company a "buy" rating in a report on Friday, August 8th. Cowen reaffirmed a "hold" rating on shares of Expedia Group in a report on Friday, August 8th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 price objective on shares of Expedia Group in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $205.63.

Expedia Group 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.