ProShare Advisors LLC Boosts Stake in Expedia Group, Inc. (NASDAQ:EXPE)

ProShare Advisors LLC grew its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 13.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,850 shares of the online travel company's stock after buying an additional 2,122 shares during the period. ProShare Advisors LLC's holdings in Expedia Group were worth $3,326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPE. Greenleaf Trust raised its position in shares of Expedia Group by 2.5% during the fourth quarter. Greenleaf Trust now owns 2,520 shares of the online travel company's stock worth $470,000 after purchasing an additional 61 shares during the period. UMB Bank n.a. raised its position in Expedia Group by 14.8% in the 4th quarter. UMB Bank n.a. now owns 489 shares of the online travel company's stock valued at $91,000 after buying an additional 63 shares during the last quarter. Metis Global Partners LLC raised its position in Expedia Group by 1.8% in the 4th quarter. Metis Global Partners LLC now owns 4,149 shares of the online travel company's stock valued at $773,000 after buying an additional 74 shares during the last quarter. Diametric Capital LP raised its position in Expedia Group by 1.6% in the 4th quarter. Diametric Capital LP now owns 4,737 shares of the online travel company's stock valued at $883,000 after buying an additional 74 shares during the last quarter. Finally, Foyston Gordon & Payne Inc raised its position in Expedia Group by 0.3% in the 4th quarter. Foyston Gordon & Payne Inc now owns 22,135 shares of the online travel company's stock valued at $4,124,000 after buying an additional 74 shares during the last quarter. Institutional investors own 90.76% of the company's stock.

Expedia Group Price Performance

Shares of Expedia Group stock traded down $1.74 during trading on Friday, hitting $158.98. 1,269,711 shares of the company were exchanged, compared to its average volume of 1,936,678. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The stock has a market capitalization of $20.21 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 0.92 and a beta of 1.62. The firm has a 50 day moving average price of $160.35 and a 200 day moving average price of $176.01.

Expedia Group (NASDAQ:EXPE - Get Free Report) last announced its quarterly earnings data 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 9.01% and a return on equity of 52.41%. The company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.02 billion. During the same period in the prior year, the firm earned $0.21 earnings per share. The firm's quarterly revenue was up 3.4% on a year-over-year basis. On average, equities analysts expect that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. Expedia Group's dividend payout ratio is presently 18.87%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EXPE. B. Riley reaffirmed a "buy" rating and set a $235.00 price target (up previously from $220.00) on shares of Expedia Group in a research report on Friday, February 7th. HSBC raised Expedia Group from a "hold" rating to a "buy" rating and set a $215.00 price target on the stock in a research report on Friday, February 7th. Wells Fargo & Company boosted their price target on Expedia Group from $143.00 to $149.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. BMO Capital Markets lifted their target price on Expedia Group from $165.00 to $190.00 and gave the stock a "market perform" rating in a research note on Monday, February 10th. Finally, Barclays lifted their target price on Expedia Group from $187.00 to $190.00 and gave the stock an "equal weight" rating in a research note 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $186.35.

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.