Envestnet Asset Management Inc. Increases Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

Envestnet Asset Management Inc. lifted its holdings in Expedia Group, Inc. (NASDAQ:EXPE - Free Report) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 186,764 shares of the online travel company's stock after purchasing an additional 3,251 shares during the quarter. Envestnet Asset Management Inc. owned 0.14% of Expedia Group worth $31,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Minot DeBlois Advisors LLC bought a new position in shares of Expedia Group in the 4th quarter worth approximately $27,000. Sava Infond d.o.o. bought a new position in Expedia Group in the fourth quarter worth approximately $28,000. Prudent Man Investment Management Inc. bought a new position in Expedia Group in the fourth quarter worth approximately $34,000. Optiver Holding B.V. bought a new position in Expedia Group in the fourth quarter worth approximately $38,000. Finally, Banque Transatlantique SA purchased a new position in shares of Expedia Group during the 4th quarter worth $45,000. 90.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EXPE shares. JPMorgan Chase & Co. decreased their target price on Expedia Group from $205.00 to $170.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Bank of America raised their price objective on Expedia Group from $205.00 to $211.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Truist Financial cut their price objective on Expedia Group from $175.00 to $168.00 and set a "hold" rating for the company in a research note on Tuesday, June 24th. Cantor Fitzgerald restated a "neutral" rating and set a $170.00 target price on shares of Expedia Group in a research note on Thursday, May 15th. Finally, UBS Group lowered their price target on shares of Expedia Group from $194.00 to $170.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $187.19.

Expedia Group Trading Up 2.1%

NASDAQ:EXPE traded up $3.78 during mid-day trading on Thursday, hitting $182.08. 1,323,998 shares of the stock traded hands, compared to its average volume of 1,887,328. 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 52 week low of $110.20 and a 52 week high of $207.73. The stock has a market capitalization of $23.15 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 0.86 and a beta of 1.57. The firm's 50 day moving average is $169.44 and its two-hundred day moving average is $172.59.

Expedia Group (NASDAQ:EXPE - Get Free Report) last released its earnings results on Thursday, May 8th. The online travel company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.02). Expedia Group had a net margin of 8.48% and a return on equity of 52.60%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the company posted $0.21 EPS. The company's quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts predict that Expedia Group, Inc. will post 12.28 earnings per share for the current year.

Expedia Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 0.88%. Expedia Group's payout ratio is 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.