Cwm LLC Grows Position in Expedia Group, Inc. (NASDAQ:EXPE)

CWM LLC increased its position in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 42.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,400 shares of the online travel company's stock after purchasing an additional 7,307 shares during the period. CWM LLC's holdings in Expedia Group were worth $4,102,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPE. Brighton Jones LLC purchased a new stake in Expedia Group in the fourth quarter worth $408,000. EverSource Wealth Advisors LLC grew its stake in Expedia Group by 75.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 272 shares of the online travel company's stock worth $51,000 after purchasing an additional 117 shares during the period. Corient Private Wealth LLC grew its stake in Expedia Group by 0.6% in the fourth quarter. Corient Private Wealth LLC now owns 50,191 shares of the online travel company's stock worth $9,081,000 after purchasing an additional 279 shares during the period. Cibc World Markets Corp grew its stake in Expedia Group by 14.3% in the fourth quarter. Cibc World Markets Corp now owns 19,448 shares of the online travel company's stock worth $3,624,000 after purchasing an additional 2,437 shares during the period. Finally, Intech Investment Management LLC grew its stake in Expedia Group by 112.9% in the fourth quarter. Intech Investment Management LLC now owns 5,683 shares of the online travel company's stock worth $1,059,000 after purchasing an additional 3,014 shares during the period. 90.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Truist Financial cut their target price on Expedia Group from $175.00 to $168.00 and set a "hold" rating on the stock in a research note on Tuesday, June 24th. Bank of America increased their target price on Expedia Group from $205.00 to $211.00 and gave the company a "buy" rating in a report on Friday, May 9th. UBS Group lowered their target price on Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Benchmark lowered their target price on Expedia Group from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Wall Street Zen raised Expedia Group from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $187.19.

Expedia Group Price Performance

NASDAQ EXPE traded up $2.85 during trading on Friday, hitting $184.93. 1,155,066 shares of the stock traded hands, compared to its average volume of 1,884,906. The company has a market capitalization of $23.51 billion, a P/E ratio of 21.81, a price-to-earnings-growth ratio of 0.85 and a beta of 1.57. The firm has a 50-day simple moving average of $169.70 and a 200-day simple moving average of $172.56. 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, 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 released its quarterly earnings results on Thursday, May 8th. The online travel company reported $0.40 earnings per share 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 analysts' expectations of $3.02 billion. Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The business's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. As a group, analysts predict that Expedia Group, Inc. will post 12.28 EPS for the current year.

Expedia Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.87%. The ex-dividend date was Thursday, May 29th. Expedia Group's dividend payout ratio is presently 18.87%.

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.